HENRY COUNTY HEALTH CENTER INC

EIN: 862701018 501(c)(3) Health Care

MT PLEASANT, IA

Total Revenue
$65,456,835
Total Expenses
$52,808,720
Total Assets
$45,143,076
Net Assets
$17,425,851
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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
2021
Legal Domicile
IA
Principal Officer
TERESA COLGAN
Phone
3193853141
Tax Period
2023-07-01 to 2024-06-30

HENRY COUNTY HEALTH CENTER INC, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $65.5M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.6M, a strong 19% operating margin.

Mission

HENRY COUNTY HEALTH CENTER IS COMMITTED TO ENHANCING THE HEALTH OF INDIVIDUALS AND OUR COMMUNITIES THROUGH HIGH QUALITY, EFFECTIVE AND EFFICIENT SERVICES.

Program Service Accomplishments

Program 1
Expenses: $37,488,959 Revenue: $56,954,594

HENRY COUNTY HEALTH CENTER, INC., HAS ENTERED INTO A HOSPITAL LEASE AGREEMENT WHERE IT LEASES ALL OF THE FACILITIES AND OPERATIONS, EXCEPT THE AMBULANCE SERVICE, OF HENRY COUNTY SOLDIERS AND SAILORS...

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HENRY COUNTY HEALTH CENTER, INC., HAS ENTERED INTO A HOSPITAL LEASE AGREEMENT WHERE IT LEASES ALL OF THE FACILITIES AND OPERATIONS, EXCEPT THE AMBULANCE SERVICE, OF HENRY COUNTY SOLDIERS AND SAILORS MEMORIAL HOSPITAL, A COUNTY HOSPITAL ORGANIZED UNDER IOWA CODE CHAPTER 347. HENRY COUNTY HEALTH CENTER, INC. MANAGES AND OPERATES HEALTH CARE ORGANIZATIONS, INCLUDING OPERATING THE 74-BED CRITICAL ACCESS HOSPITAL THAT FEATURES 25 ACUTE CARE BEDS ALONG WITH A 49-BED LONG-TERM CARE FACILITY, PARK PLACE. HENRY COUNTY HEALTH CENTER, INC. ALSO MANAGES AND OPERATES A CLINICAL/GROUP PRACTICE LOCATED ON THE GROUNDS OF THE HOSPITAL AND RURAL HEALTH CLINICS IN THE SURROUNDING RURAL COMMUNITIES AND PROVIDES COMMUNITY HEALTH EDUCATION FOR THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,081,950
Program Service Revenue $56,954,594
Investment Income $36,993
Other Revenue $383,298
TOTAL REVENUE $65,456,835

Expense Breakdown

Grants Paid $144,358
Salaries & Benefits $18,465,779
Fundraising Expenses $0
Program Expenses $37,488,959
Other Expenses $34,198,583
TOTAL EXPENSES $52,808,720

Year-over-Year Comparison

2023 2022 Change
Revenue $65,456,835 $39,667,258 +0.7%
Expenses $52,808,720 $40,488,792 +0.3%
Net Income $12,648,115 $-821,534 -16.4%
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
7
Independent Members
6
Employees
N/A
Volunteers
39

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
$1,653,519
Total Directors
7
$880,902
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT WENZEL FORMER DIRECTOR 0.50
$0 $11,287 $1,380,867
DR MICHAEL MCCOY DIRECTOR 0.50
Officer Director
$0 $51,041 $880,902
TERESA COLGAN CEO 40.00
Officer
$0 $47,551 $541,998
DAVID MUHS CFO 40.00
Officer
$177,504 $53,115 $230,619
DAVID FILE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
WHITNEY ROGERS VICE CHAIRMAN & DIRECTOR 0.50
Officer Director
$0 $0 $0
SARA BETH SCHURR SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
CHAD HUDSON DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER MOUTRIE DIRECTOR 0.50
Director
$0 $0 $0
DR JOE TANSEY 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 $65,456,835 $52,808,720 $45,143,076 $12,648,115
2023 $39,667,258 $40,488,792 $30,966,020 $-821,534
2022 $42,760,996 $39,304,401 $8,730,020 $3,456,595
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