Iowa Health System
77% goes to programs $0 to raise $100 Thin reserves
Iowa Health System is a 501(c)(3) organization based in Wdm, Iowa, registered in 1996, with $442,361,665 in FY2024 revenue. CharityIndex grades it C+, and it directs about 77% of spending to programs.
1776 Westlakes Pkwy Ste 400, Wdm, IA, 50266 EIN 42-1435199 Since 1996
Revenue (FY2024)
$442.4M
▼ 10.7% vs prior year
Health median: $840K
Expenses (FY2024)
$493.8M
Net assets
-$56.0M
Employees
3,067
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 →C+Program efficiency40% of the rating77% 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 Iowa Health System: 77% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -12% 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 Iowa Health System: 0 mo reserves · -12% margin earns a D 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 Iowa Health System: 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 Iowa Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To improve the health of the people and communities we serve.
What they do
Community benefitiowa health system provides several other benefits that assist the community. programs may include, but are not limited to, community health improvement services and community benefit operations such as prevention and health screenings; health professional's education; subsidized health services; research, and cash and in-kind contributions to community groups. iowa health system collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. iowa health system has dedicated staff to assist community benefit efforts. total other benefits reported value: $68,000.
Contact & location
- Address
- 1776 Westlakes Pkwy Ste 400, Wdm, IA, 50266
- City
- Wdm
- State
- Iowa
- Category
- Health Care
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $270.9M (FY2013) to $442.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets -$56.0M
Operating margin
-11.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.2B
Net assets
-$56.0M
Salaries & benefits
$248.0M
50% of expenses
Board members
13
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $442,361,665▼10.7% | $493,788,445▲1.3% | -$55,960,762▼666% | $1,157,835,703▼11.8% | 990 |
| 2023 | $495,106,486▲5.4% | $487,441,362▲1.0% | -$7,308,865▲92.7% | $1,312,724,604▼13.0% | 990 |
| 2022 | $469,880,792▲7.3% | $482,771,215▲10.4% | -$100,526,375▲18.6% | $1,508,678,077▼0.3% | 990 |
| 2021 | $437,979,986▼0.4% | $437,339,338▼5.0% | -$123,478,378▼9.9% | $1,513,230,755▼13.1% | 990 |
| 2020 | $439,634,452▲9.1% | $460,421,755▲12.7% | -$112,383,444▼48.1% | $1,741,446,215▲38.3% | 990 |
| 2019 | $403,018,232▲8.9% | $408,701,852▲11.2% | -$75,875,803▼31.6% | $1,258,894,202▲6.5% | 990 |
| 2018 | $370,090,451▼20.3% | $367,375,013▼26.3% | -$57,659,523▲19.4% | $1,182,592,787▼7.0% | 990 |
| 2017 | $464,359,725▲5.5% | $498,701,369▲6.9% | -$71,534,924▼63.9% | $1,271,143,646▲0.9% | 990 |
| 2016 | $439,999,141▲9.6% | $466,310,932▲14.5% | -$43,649,037▼136% | $1,260,275,493▲10.6% | 990 |
| 2015 | $401,432,666▲16.1% | $407,391,725▲19.2% | -$18,478,209▲18.8% | $1,139,719,318▲5.3% | 990 |
| 2014 | $345,722,434▲27.6% | $341,778,466▲37.6% | -$22,760,621▼1530% | $1,082,770,586▲30.1% | 990 |
| 2013 | $270,932,593 | $248,435,408▲7.9% | $1,591,445▲102% | $831,977,745▲14.6% | 990 |
| 2012 | — | $230,281,450▲30.0% | -$64,461,806▲8.4% | $726,109,495▲3.1% | 990 |
| 2011 | — | $177,085,954▲7.9% | -$70,384,069▼1053% | $704,506,413▼0.6% | 990 |
| 2010 | — | $164,087,918 | -$6,105,029 | $708,457,810 | 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: Daniel Carpenter Chief — $2,199,214 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Carpenter Chief | Strategy Officer Svp (to 07/24) | 40 | $2,199,214 |
| Scott Kizer Board Secretary | Ex-officio Member/ceo | 40 | $1,996,308 |
| Clay Holderman | Frmr President/ceo (to 10/23) | 0 | $1,523,135 |
| Michael Heinrich | Svp Cfo | 40 | $941,690 |
| David Williams Frmr Chief | Clinical Off Svp (to 11/23) | 0 | $860,742 |
| David Stark Int Prceo-dm To 1223 | Chief of Govt Affairs & Phil Off | 40 | $835,661 |
| Michelle Niermann | Svp Coo-east | 40 | $799,714 |
| Pamela Delagardelle | Svp Coo-west | 40 | $798,296 |
| Laura Smith Vp Cio | Tech Transformation Officer | 40 | $756,963 |
| Mallary Mckinney Vp Chief | Brand Mkt & Comm (to 09/24) | 40 | $728,187 |
| Jessica Meisner | Svp Chief Administrative Officer | 40 | $699,181 |
| Marcel Devetten Md | Chief Quality Officer (to 06/24) | 40 | $648,431 |
| Peter Watson | Frmr Cfo Svp (to 04/23) | 0 | $646,154 |
| Aaron Gillingham Frmr Chief | Hr Officer Svp (to 07/23) | 0 | $566,500 |
| Dandre Carpenter Frmr Chief | Nursing Officer (to 08/23) | 0 | $566,500 |
| Sarah Brown | Svp Cno | 40 | $560,016 |
| Gregory Johnson Md | Svp Cmo | 40 | $527,912 |
| Matthew Romanin | Svp Chief Ambulatory Officer | 40 | $497,660 |
| Wendy Mortimore Md | Chief Medical Information Officer | 40 | $476,662 |
| Dennis Shirley | Vp Revenue Cycle | 40 | $469,388 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| H&r Accounts Inc | Collection Services | $6,895,137 |
| Apprise Md LLC | Provider Consulting | $6,381,437 |
| Heartland Business Systems LLC | Technology Services | $6,186,810 |
| Factory Mutual Insurance Company | Loss Prevention Services | $4,862,119 |
| Clinisys Inc | Laboratory Services | $2,189,504 |
Grants received · $431.3M total
35 grants to Iowa Health System totaling $431.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Unitypoint At Home | Program support | 2024 | $120,000 |
| Allen Memorial Hospital Corporation | Program support | 2023 | $4,286,601 |
| Unitypoint At Home | Program support | 2023 | $120,000 |
| Unitypoint At Home | Program support | 2022 | $50,000 |
| Catholic Health Initiatives-iowa Corp | Community support | 2021 | $25,000 |
| Allen Memorial Hospital Corporation | Program support | 2020 | $14,929,256 |
| Northwest Iowa Hospital Corporation | Program support | 2020 | $14,614,397 |
| Unitypoint Health-marshalltown | Program service | 2020 | $8,023,933 |
| Grinnell Regional Medical Center | Program support | 2020 | $4,847,310 |
| Unitypoint At Home | Program support | 2020 | $3,050,669 |
| St Lukes-jones Regional Medical Center | Program support | 2020 | $1,497,628 |
| Trinity Regional Medical Center | Program services | 2020 | $416,536 |
| Iowa Physicians Clinic Medical Foundation | Program support | 2019 | $131,635 |
| Allen Memorial Hospital Corporation | Program support | 2018 | $9,971,647 |
| Central Iowa Hospital Corporation | Program support | 2017 | $41,568,240 |
Grants made · $60K in FY2024
3 grants totaling $60K in FY2024. All grants made by Iowa Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Healthiest State Initiative | Program support | $25,000 |
| Healthy Birth Day Inc | Program support | $20,000 |
| My City My Health Inc | Program support | $15,000 |
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Frequently asked questions
- Is Iowa Health System a legitimate nonprofit?
- Yes. Iowa Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1435199, based in Wdm, Iowa. Donations are tax-deductible.
- What is Iowa Health System's EIN?
- Iowa Health System's Employer Identification Number (EIN) is 42-1435199.
- How much revenue does Iowa Health System report?
- Iowa Health System reported $442,361,665 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Iowa Health System's spending goes to programs?
- Iowa Health System spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iowa Health System have?
- CharityIndex grades Iowa Health System C+, based on program efficiency and fundraising cost.
- How much does Iowa Health System's highest-paid employee make?
- The highest reported compensation on Iowa Health System's latest Form 990 is $2,199,214, paid to Daniel Carpenter Chief (Strategy Officer Svp (to 07/24)).
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Data for Iowa Health System (EIN 42-1435199) 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.