ST LUKE'S HEALTH SYSTEM INC

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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

1986

Legal Domicile

Principal Officer

JANE ARNOLD

Phone

7122793500

Tax Period

2023-01-01 to 2023-12-31

ST LUKE'S HEALTH SYSTEM INC, founded in 1986, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 12% surplus.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $1,532,136 Revenue: $1,734,718

AFFILIATE SUPPORT SERVICESST. LUKE'S HEALTH SYSTEM IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING NORTHWEST IOWA HOSPITAL CORPORATION (DBA ST. LUKE'S REGIONAL MEDICAL CENTER) AND ST. LUKE'S HEALTH RESOURCES. THE SUPPORT SERVICES PROVIDED TO THESE ORGANIZATIONS ARE TO CONSTRUCT, OWN, LEASE, MANAGE, OPERATE, PROVIDE AND MAINTAIN ANY FACILITIES, PROGRAMS, SERVICES (MANAGEMENT OR OTHERWISE) AND RELATED ACTIVITIES, IN FURTHERANCE OF HEALTH-CARE OR HEALTH EDUCATION. FACILITIES INCLUDE A HOSPITAL, CLINIC FACILITIES, AND OTHER ESTABLISHMENTS CREATED TO CARRY THROUGH HEALTH-CARE AND EDUCATIONAL PROGRAMS. THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH PREVIOUSLY STATED PURPOSES.IN ADDITION, ST. LUKE'S HEALTH SYSTEM IS A CORPORATION CREATED TO HOLD TITLES TO AND MANAGE REAL ESTATE BY COLLECTING INCOME AND PAYING EXPENSES RELATING TO THE USAGE OF THE PROPERTY. ALL OF THE INCOME FROM THE REAL ESTATE IS CONTRIBUTED TO NORTHWEST IOWA HOSPITAL CORPORATION AND ST. LUKE'S HEALTH RESOURCES, 501(C)(3) CORPORATIONS, IN FURTHERANCE OF THEIR MISSIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,734,718

Investment Income $4,798

Other Revenue $0

TOTAL REVENUE $1,739,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,532,136

Other Expenses $1,532,319

TOTAL EXPENSES $1,532,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,739,516	$1,810,816	0.0%
Expenses	$1,532,319	$4,849,244	-0.7%
Net Income	$207,197	$-3,038,428	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,854,458

Total Directors

$754,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE BEAULIEU	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG BERENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS BULLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CARROLL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE CRONE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH DEWALD MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELO JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA KNEPPER TO 723	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JIM PALMER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GARRETT SMITH	BOARD MEMBER	1.00	Director	$0	$0	$14,500
CHAD STADSVOLD DO	BOARD MEMBER	1.00	Director	$0	$49,441	$606,723
JOY TAYLOR MD	BOARD VICE CHAIR	1.00	Officer Director	$0	$6,326	$132,837
BETH TREJO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE VENABLE-RIDLEY TO 0623	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIC WOLFE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE ARNOLD FR 1023	PRESIDENT/CEO	1.00	Officer	$0	$62,104	$392,873
LEAH GLASGO TO 1023	INTERIM PRESIDENT/CEO (SC & FD)	1.00	Officer	$0	$94,671	$981,003
SARAH MARSH TO 0923	INTERIM VP/CFO	1.00	Officer	$0	$41,604	$325,483
LEAH KNAPP FR 0923	VP FINANCE	1.00	Officer	$0	$38,337	$173,065
WENDY LINDLEY	VP/CNE	1.00	Officer	$0	$38,592	$336,296
COREY SNIDER TO 0923	VP/COO	1.00	Officer	$0	$23,343	$304,043
KARI WINKLEPLECK	VP/FUNDRAISING DEVELOPMENT	1.00	Officer	$0	$28,567	$208,858
JAMES GOBELL TO 0722	FORMER VP/CFO	0.00		$0	$26,258	$309,901
LORENZO SUTER TO 722	FORMER PRESIDENT/CEO	0.00		$0	$13,491	$282,360

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
2024	No data	No data	No data	No data
2023	$1,739,516	$1,532,319	$23,324,309	$207,197
2022	$1,810,816	$4,849,244	$23,874,244	$-3,038,428
2021	$4,020,863	$1,605,653	$28,443,668	$2,415,210
2020	$3,961,148	$1,591,688	$26,904,510	$2,369,460
2019	$4,606,150	$2,742,108	$25,747,878	$1,864,042
2018	$3,792,053	$3,248,895	$25,869,540	$543,158