SARTORI HEALTH CARE FOUNDATION INC

EIN: 421240996 501(c)(3)

WATERLOO, IA

Total Revenue
$718,230
Total Expenses
$678,202
Total Assets
$6,311,304
Net Assets
$6,311,304
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IA
Principal Officer
RYAN MEYER
Phone
3192683000
Tax Period
2022-07-01 to 2023-06-30

SARTORI HEALTH CARE FOUNDATION INC, founded in 1984, is a small nonprofit that reported $718K in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $678K left a modest 6% surplus.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF SARTORI MEMORIAL HOSPITAL (MERCYONE CEDAR FALLS MEDICAL CENTER)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $186,158
Program Service Revenue $0
Investment Income $532,072
Other Revenue $0
TOTAL REVENUE $718,230

Expense Breakdown

Grants Paid $518,178
Salaries & Benefits $79,580
Fundraising Expenses $112,845
Program Expenses $523,087
Other Expenses $80,444
TOTAL EXPENSES $678,202

Year-over-Year Comparison

2022 2021 Change
Revenue $718,230 $553,098 +0.3%
Expenses $678,202 $520,554 +0.3%
Net Income $40,028 $32,544 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
18
Employees
N/A
Volunteers
38

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$659,312
Total Directors
22
$1,061,867
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK DUSENBERY DIR & PRES, MERCYONE NE IA THR 4/23 0.50
Director
$0 $45,779 $750,828
TIMOTHY HUBER VP OF FINANCE 0.50
Officer
$0 $59,758 $348,273
CHRISTOPHER LATTA DIR;V CHAIR 1/23;DIR BEHAVIORAL HLTH 0.50
Officer Director
$0 $36,754 $159,789
BRAD BROOKS DC DIR; CHAIR THR 12/22; CHIROPRACTOR 0.50
Officer Director
$0 $36,465 $151,250
TOM NAGLE DIR; V CHAIR THR 12/22; CHAIR 1/23 0.50
Officer Director
$0 $0 $0
CYNTHIA KENYON DIRECTOR; SECRETARY 0.50
Officer Director
$0 $0 $0
KELLY CHRISTENSEN DIRECTOR; TREASURER 0.50
Officer Director
$0 $0 $0
MARLENE BEHN DIRECTOR 0.50
Director
$0 $0 $0
SANDRA BENAK DIRECTOR 0.50
Director
$0 $0 $0
BRAD BEST DIRECTOR 0.50
Director
$0 $0 $0
BRAD BRALEY DIRECTOR 0.50
Director
$0 $0 $0
LARRY BURKEN DIRECTOR 0.50
Director
$0 $0 $0
GARY CHAMBERS DIRECTOR 0.50
Director
$0 $0 $0
DAVID DEAVER DIRECTOR 0.50
Director
$0 $0 $0
STEVE ERICKSON MD DIRECTOR THROUGH 12/22 0.50
Director
$0 $0 $0
DEB GIARUSSO DIRECTOR 0.50
Director
$0 $0 $0
JERRY HARRIS DIRECTOR 0.50
Director
$0 $0 $0
ANNE HENNESSEY DDS DIRECTOR 0.50
Director
$0 $0 $0
KAY LEEPER DIRECTOR 0.50
Director
$0 $0 $0
ANN LYONS DIRECTOR 0.50
Director
$0 $0 $0
RICH SCHOOF DIRECTOR 0.50
Director
$0 $0 $0
TOM STRUB DDS DIRECTOR 0.50
Director
$0 $0 $0
KERRI WILSON DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $718,230 $678,202 $6,311,304 $40,028
2022 $553,098 $520,554 $6,185,400 $32,544
2021 $1,338,099 $1,050,930 $7,515,609 $287,169
2020 $754,292 $521,457 $6,505,722 $232,835
2019 $600,888 $227,224 $6,137,603 $373,664
2018 $719,338 $374,364 $5,815,271 $344,974
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