Grhs Holdings Inc
501(c)(3) Donations tax-deductible
99% goes to programs Strong reserves Growing revenue
Grhs Holdings Inc is a 501(c)(3) organization based in W Burlington, Iowa, registered in 1984, with $8,039,869 in FY2023 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
1221 S Gear Ave, W Burlington, IA, 52655 EIN 42-1193186 Since 1984
Revenue (FY2023)
$8.0M
▼ 86.2% vs prior year
Expenses (FY2023)
$40.2M
Net assets
$259.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Grhs Holdings Inc: 99% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating77 mo reserves · -401% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grhs Holdings Inc: 77 mo reserves · -401% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Grhs Holdings Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grhs Holdings Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provide support to southeast iowa regional medical center and henry county medical center.
Contact & location
- Address
- 1221 S Gear Ave, W Burlington, IA, 52655
- City
- W Burlington
- State
- Iowa
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.6M (FY2013) to $8.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1MNet assets $259.6M
Operating margin
-400.6%
Spent more than it raised in the latest fiscal year.
Total assets
$260.7M
Total liabilities
$1.1M
Net assets
$259.6M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,039,869▼86.2% | $40,248,153▲28.0% | $259,596,127▼4.0% | $260,663,070▼4.0% | 990 |
| 2022 | $58,320,351▼84.0% | $31,450,378▲24.3% | $270,475,566▼4.4% | $271,619,322▼4.3% | 990 |
| 2021 | $363,462,071▲6006% | $25,310,888▲8033% | $282,827,315 | $283,753,455▲72.3% | 990 |
| 2020 | $5,952,725▼3.2% | $311,195▼3.5% | $0 | $164,670,758▲3.0% | 990 |
| 2019 | $6,146,980▲42.6% | $322,564▲2.4% | $0 | $159,830,199▲1.4% | 990 |
| 2018 | $4,309,363▲0.9% | $315,085▼24.6% | $0 | $157,647,766▲1.4% | 990 |
| 2017 | $4,269,642▲17.1% | $417,625▼8.0% | $0 | $155,471,494▼3.6% | 990 |
| 2016 | $3,644,670▼37.9% | $453,847▼4.7% | $0 | $161,286,193▲10.9% | 990 |
| 2015 | $5,868,719▲49.1% | $476,057▼7.2% | $0 | $145,447,496▼2.3% | 990 |
| 2014 | $3,935,354▲9.9% | $513,225▲26.0% | $0 | $148,876,460▲2.0% | 990 |
| 2013 | $3,582,220 | $407,231▼10.0% | $0 | $145,936,181▼3.2% | 990 |
| 2012 | — | $452,670▲15.6% | $0 | $150,746,960▲2.5% | 990 |
| 2011 | — | $391,548▼92.4% | $0 | $147,120,825▲7.2% | 990 |
| 2010 | — | $5,141,731▼41.5% | $0 | $137,276,846▲11.0% | 990 |
| 2009 | — | $8,794,259 | $0 | $123,637,233 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Michael Mccoy | President/ceo | 24 | — |
| Hope Dunn | Vice Chairman | 1 | — |
| James Kammerer | Former Vice Chairman | 1 | — |
| Jeremy Alexander | Secretary/treasurer/cfo | 1 | — |
| Matt Wenzel | Former President/ceo | 24 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Vanguard | Investment Management | $193,029 |
| Robert W Baird & Co Inc | Investment Management | $124,282 |
Grants received · $164.6M total
1 grant to Grhs Holdings Inc totaling $164.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Southeast Iowa Regional Medical Center Inc | Transfer due to merger | 2021 | $164,598,296 |
Grants made · $40.0M in FY2023
1 grant totaling $40.0M in FY2023. All grants made by Grhs Holdings Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Southeast Iowa Regional Medical Center Inc | Operating support | $40,000,000 |
Frequently asked questions
- Is Grhs Holdings Inc a legitimate nonprofit?
- Yes. Grhs Holdings Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1193186, based in W Burlington, Iowa. Donations are tax-deductible.
- What is Grhs Holdings Inc's EIN?
- Grhs Holdings Inc's Employer Identification Number (EIN) is 42-1193186.
- How much revenue does Grhs Holdings Inc report?
- Grhs Holdings Inc reported $8,039,869 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Grhs Holdings Inc's spending goes to programs?
- Grhs Holdings Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Grhs Holdings Inc have?
- CharityIndex grades Grhs Holdings Inc C, based on program efficiency and fundraising cost.
- How much does Grhs Holdings Inc's highest-paid employee make?
- The highest reported compensation on Grhs Holdings Inc's latest Form 990 is $0, paid to Dr Michael Mccoy (President/ceo).
More nonprofits in W Burlington
Explore more
Data for Grhs Holdings Inc (EIN 42-1193186) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.