Kossuth County Hospital Foundation aka Kossuth Regional Health Ctr Fdn

EIN: 421324032 501(c)(3) Health Care

ALGONA, IA

Total Revenue
$1,246,177
Total Expenses
$97,733
Total Assets
$8,993,309
Net Assets
$8,993,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IA
Phone
5152953565
Tax Period
2024-01-01 to 2024-12-31

Kossuth County Hospital Foundation aka Kossuth Regional Health Ctr Fdn, founded in 1988, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 92% operating margin.

Mission

THIS FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE KOSSUTH REGIONAL HEALTH CENTER, A CONVENTIONAL, NONPROFIT FULL SERVICE HEALTH CARE PROVIDER. THE FOUNDATION MANAGES INVESTMENTS AND RAISES FUNDS FOR THE SOLE BENEFIT OF KOSSUTH REGIONAL HEALTH CENTER. IT ASSISTS IN ACQUIRING EQUIPMENT, FUNDING PROGRAMS AND RAISING AND PROVIDING FUNDS FOR RECENT BUILDING RENOVATIONS AND NEW CONSTRUCTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $437,043
Program Service Revenue $0
Investment Income $809,134
Other Revenue $0
TOTAL REVENUE $1,246,177

Expense Breakdown

Grants Paid $42,230
Salaries & Benefits $0
Fundraising Expenses $5,869
Program Expenses $42,350
Other Expenses $50,248
TOTAL EXPENSES $97,733

Year-over-Year Comparison

2024 2023 Change
Revenue $1,246,177 $1,204,506 +0.0%
Expenses $97,733 $182,522 -0.5%
Net Income $1,148,444 $1,021,984 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRK M HAYES Director 1.00
Director
$0 $0 $0
MATTHEW J MULLER Director 1.00
Director
$0 $0 $0
LINDA NERDIG Secretary 1.00
Director
$0 $0 $0
KRISTIE A BROWN Treasurer 2.00
Officer Director
$0 $0 $0
CONLEY NELSON Director 1.00
Director
$0 $0 $0
CHRIS KERN Director 0.00
Director
$0 $0 $0
CAROL HEESCH Vice President 1.00
Officer Director
$0 $0 $0
PATRICK REDING President 1.00
Officer Director
$0 $0 $0
JOHN COWIN Director 0.00
Director
$0 $0 $0
TOM EISCHEN Director 1.00
Director
$0 $0 $0
BRENDA BORMANN Director 0.00
Director
$0 $0 $0
SARA GUENTHER Director 0.00
Director
$0 $0 $0
MARK DAVIS Director 0.00
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 $1,246,177 $97,733 $8,993,309 $1,148,444
2023 $1,204,506 $182,522 $7,843,907 $1,021,984
2022 $1,244,918 $379,035 $6,828,321 $865,883
2021 $691,903 $49,633 $5,948,640 $642,270
2020 $391,761 $44,251 $5,357,412 $347,510
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