Grinnell Regional Medical Center
95% goes to programs $0 to raise $100 Growing revenue
Grinnell Regional Medical Center is a 501(c)(3) organization based in Grinnell, Iowa, registered in 1997, with $71,535,639 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
210 4th Ave, Grinnell, IA, 50112 EIN 42-0933383 Since 1997
Revenue (FY2024)
$71.5M
▲ 11.1% vs prior year
Health median: $840K
Expenses (FY2024)
$67.4M
Net assets
$15.6M
Employees
426
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
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 Grinnell Regional Medical Center: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +6% 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 Grinnell Regional Medical Center: 3 mo reserves · +6% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Grinnell Regional Medical Center: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Grinnell Regional Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To treat, heal and care for the sick and disabled.
What they do
Charity care, means-tested programs and other community benefitscharity care and means-tested programs: grinnell regional medical center provides charity care and other means-tested programs with the goal to improve the community's overall health and access to care. this includes health-care services regardless of the patient's insurance coverage or financial status. charity care and partial to full financial assistance is provided to patients on a case-by-case basis. charity care was made available at a value of $230,075 in 2024. oftentimes, grinnell regional medical center receives payments from payors or patients that are less than it charges for services. grinnell regional medical center participates in medicaid and other government-sponsored health-care programs. other benefits: grinnell regional medical center provides several other benefits that assist the community. programs include, but are not limited to, community health improvement services and community benefit operations such as prevention and health screenings; subsidized health services; research, and in-kind contributions to community groups. grinnell regional medical center collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. grinnell regional medical center has dedicated staff to assist community benefit efforts. total net other benefits reported value: $3,416,742.
Contact & location
- Address
- 210 4th Ave, Grinnell, IA, 50112
- City
- Grinnell
- State
- Iowa
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $44.7M (FY2013) to $71.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $20.6MNet assets $15.6M
Operating margin
5.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$36.2M
Total liabilities
$20.6M
Net assets
$15.6M
Salaries & benefits
$41.5M
61% of expenses
Board members
14
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,535,639▲11.1% | $67,401,809▲5.1% | $15,630,298▲36.0% | $36,235,501▲9.9% | 990 |
| 2023 | $64,403,190▲3.2% | $64,105,249▲1.5% | $11,495,610▲2.6% | $32,982,535▲10.0% | 990 |
| 2022 | $62,426,887▲3.9% | $63,157,388▲9.3% | $11,209,125▼7.2% | $29,996,972▲0.3% | 990 |
| 2021 | $60,079,806▲10.8% | $57,775,461▼0.7% | $12,073,701▲22.4% | $29,904,442▼6.9% | 990 |
| 2020 | $54,211,940▲12.8% | $58,195,220▲20.7% | $9,865,933▼28.9% | $32,119,078▲4.8% | 990 |
| 2019 | $48,079,462▲1.4% | $48,221,453▼4.4% | $13,866,729▼0.8% | $30,653,049▲17.3% | 990 |
| 2018 | $47,415,767▼10.6% | $50,430,836▼4.0% | $13,971,859▼24.8% | $26,131,742▼13.5% | 990 |
| 2017 | $53,011,791▲12.6% | $52,517,870▲10.2% | $18,581,066▲2.3% | $30,204,273▲7.2% | 990 |
| 2016 | $47,069,258▲1.5% | $47,650,282▲0.4% | $18,155,359▼3.6% | $28,175,728▼3.4% | 990 |
| 2015 | $46,376,264▲1.1% | $47,458,571▲4.2% | $18,836,671▼5.4% | $29,182,413▼10.5% | 990 |
| 2014 | $45,866,731▲2.5% | $45,545,355▲0.4% | $19,918,978▲1.6% | $32,604,173▲4.4% | 990 |
| 2013 | $44,743,731 | $45,347,477▲6.3% | $19,597,602▼3.2% | $31,222,249▼17.7% | 990 |
| 2012 | — | $42,641,136▼2.1% | $20,237,354▲13.3% | $37,958,419▲23.8% | 990 |
| 2011 | — | $43,560,712▲6.6% | $17,857,977▼18.6% | $30,651,976▼11.5% | 990 |
| 2010 | — | $40,861,338 | $21,940,492 | $34,624,485 | 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 (FY2024)
Highest-paid: Scott Doyle Crna Arnp — $303,389 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Scott Doyle Crna Arnp | Anesthesiology | 40 | $303,389 |
| Stephen Ellestad Do | Physician | 40 | $299,761 |
| Kathryn Ogburn Crna Rn Arnp | Anesthesiology | 40 | $282,446 |
| Jacob Boyer Pa-c | Board Member | 40 | $222,515 |
| Laura Juel | Vp Nursing & Clinical Serv | 40 | $198,638 |
| Kristin Phelps Pa-c | Family Medicine | 40 | $170,328 |
| Jarrod Phelps Pa-c | General Surgery | 40 | $166,033 |
| Kyle Wilcox | Vp Finance (to 04/24) | 40 | $93,624 |
| Al Maly | Board Member | 1 | — |
| Amy Miller | Board Member | 1 | — |
| Darwin Copeman | Board Chair | 1 | — |
| David-paul Cavazos Board | Member/rural President (fr 06/24) | 1 | — |
| Douglas Van Daele Md Facs | Board Member (to 09/24) | 1 | — |
| Henry Morisada Rietz Phd | Board Secretary | 1 | — |
| Jennifer Havens | Frmr Ceo (to 10/23) | 0 | — |
| Jon Rozenfeld Board Member | Market President (fr 01/24) | 1 | — |
| Lisa Bishop Do | Board Member | 1 | — |
| Proctor Lureman | Interim Rural President (to 06/24) | 1 | — |
| Rachael Kinnick | Board Chair Elect | 1 | — |
| Sally Lang | Board Treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mahmod F El-tayash Md | Healthcare Services | $828,789 |
| Amn Healthcare | Staffing Services | $693,152 |
| Des Moines Orthopaedic Surgeon | Healthcare Services | $608,559 |
| Elizabeth Tigges Do Facog | Healthcare Services | $595,385 |
| Anna Mensing Md | Healthcare Services | $534,967 |
Grants received · $512K total
14 grants to Grinnell Regional Medical Center totaling $512K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Prairie Meadows Race Track & Casino Inc | Grmc labor & delivery unit expansion | 2024 | $25,000 |
| The Trustees of Grinnell College | General support | 2023 | $25,000 |
| The Trustees of Grinnell College | General support | 2022 | $30,100 |
| The Trustees of Grinnell College | General support | 2019 | $10,000 |
| Central Iowa Hospital Corporation | Program support | 2018 | $336,351 |
| The Trustees of Grinnell College | General support | 2018 | $28,055 |
| The Trustees of Grinnell College | General support | 2017 | $12,050 |
| Prairie Meadows Race Track & Casino Inc | Prevent t2. | 2017 | $5,000 |
| American Heart Association Inc | Emergency equipment upgrade | 2016 | $12,000 |
| Network For Good Inc | Unrestricted | 2016 | $8,842 |
| The Trustees of Grinnell College | General support | 2016 | $5,100 |
| Prairie Meadows Race Track & Casino Inc | Bike helmet program | 2016 | $2,000 |
| The Trustees of Grinnell College | General support | 2015 | $6,782 |
| The Trustees of Grinnell College | General support | 2014 | $5,650 |
Grants made · $494K in FY2024
14 grants totaling $494K in FY2024. All grants made by Grinnell Regional Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Grinnell Regional Medical Center Foundation | Program service | $236,810 |
| Story County Medical Center Endowment Foundation Inc | Program service | $116,443 |
| Catholic Health Initiatives-iowa Corp | Program service | $33,557 |
| St Anthony Regional Hospital and Nursing Home | Program service | $14,264 |
| Broadlawns Medical Center | Program service | $13,060 |
| Boone County Hospital | Program service | $11,391 |
| Guthrie County Hospital | Program service | $11,122 |
| Manning Regional Healthcare Center | Program service | $10,971 |
| Greene County Medical Center | Program service | $9,960 |
| Adair County Memorial | Program service | $8,474 |
| City of Brooklyn Iowa | Program service | $8,000 |
| Dallas County Hospital | Program service | $7,695 |
| American Heart Association Inc | Program service | $5,931 |
| Mercy Medical Center | Program service | $5,866 |
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Frequently asked questions
- Is Grinnell Regional Medical Center a legitimate nonprofit?
- Yes. Grinnell Regional Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0933383, based in Grinnell, Iowa. Donations are tax-deductible.
- What is Grinnell Regional Medical Center's EIN?
- Grinnell Regional Medical Center's Employer Identification Number (EIN) is 42-0933383.
- How much revenue does Grinnell Regional Medical Center report?
- Grinnell Regional Medical Center reported $71,535,639 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Grinnell Regional Medical Center's spending goes to programs?
- Grinnell Regional Medical Center spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Grinnell Regional Medical Center have?
- CharityIndex grades Grinnell Regional Medical Center A, based on program efficiency and fundraising cost.
- How much does Grinnell Regional Medical Center's highest-paid employee make?
- The highest reported compensation on Grinnell Regional Medical Center's latest Form 990 is $303,389, paid to Scott Doyle Crna Arnp (Anesthesiology).
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Data for Grinnell Regional Medical Center (EIN 42-0933383) 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.