Southeast Iowa Regional Medical Center Inc
95% goes to programs $0 to raise $100 Growing revenue
Southeast Iowa Regional Medical Center Inc is a 501(c)(3) organization based in W Burlington, Iowa, registered in 1922, with $438,248,210 in FY2023 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
1221 S Gear Ave, W Burlington, IA, 52655 EIN 42-0680407 Since 1922
Revenue (FY2023)
$438.2M
▲ 21.2% vs prior year
Health median: $840K
Expenses (FY2023)
$422.8M
Net assets
$177.3M
Employees
2,407
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 Southeast Iowa Regional Medical Center Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +4% 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 Southeast Iowa Regional Medical Center Inc: 5 mo reserves · +4% margin earns a A 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 Southeast Iowa Regional Medical Center Inc: 6 of 6 checks met earns a A+ 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 Southeast Iowa Regional Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Improving the region's health by providing high-quality health care.
Contact & location
- Address
- 1221 S Gear Ave, W Burlington, IA, 52655
- City
- W Burlington
- State
- Iowa
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $162.3M (FY2013) to $438.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $88.8MNet assets $177.3M
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$266.1M
Total liabilities
$88.8M
Net assets
$177.3M
Salaries & benefits
$186.9M
44% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $438,248,210▲21.2% | $422,817,322▲11.1% | $177,296,133▲9.6% | $266,109,032▲5.3% | 990 |
| 2022 | $361,654,937▼2.4% | $380,420,311▼26.4% | $161,768,594▼10.8% | $252,815,297▼6.0% | 990 |
| 2021 | $370,717,276▲24.6% | $516,694,156▲128% | $181,368,252▼46.0% | $268,865,294▼34.7% | 990 |
| 2020 | $297,587,965▲28.1% | $226,719,623▼1.3% | $335,691,453▲29.3% | $412,016,891▲11.0% | 990 |
| 2019 | $232,366,772▲18.2% | $229,637,205▲14.8% | $259,585,934▲2.8% | $371,257,341▲10.5% | 990 |
| 2018 | $196,509,448▲7.9% | $199,975,126▲12.4% | $252,558,061▼0.1% | $335,942,989▲0.1% | 990 |
| 2017 | $182,068,842▼3.7% | $177,838,527▼1.5% | $252,695,597▼3.9% | $335,515,407▼3.6% | 990 |
| 2016 | $189,124,129▲2.2% | $180,606,444▲3.1% | $263,033,845▲5.7% | $348,101,209▲1.8% | 990 |
| 2015 | $184,973,552▲4.5% | $175,222,130▲4.5% | $248,962,230▼5.4% | $341,933,431▼5.2% | 990 |
| 2014 | $176,974,976▲9.0% | $167,705,027▲3.3% | $263,045,753▲2.1% | $360,869,470▲0.2% | 990 |
| 2013 | $162,330,323 | $162,362,602▲1.2% | $257,535,191▲2.4% | $360,247,562▲0.4% | 990 |
| 2012 | — | $160,476,869▲0.3% | $251,543,963▲4.3% | $358,931,910▲3.4% | 990 |
| 2011 | — | $160,011,089▲0.1% | $241,267,741▲7.2% | $347,121,271▲12.7% | 990 |
| 2010 | — | $159,832,488▲4.3% | $225,031,610▲5.6% | $308,090,680▲2.4% | 990 |
| 2009 | — | $153,197,008 | $213,159,657 | $300,910,073 | 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)
Highest-paid: Louis Kantzavelos — $1,239,329 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Louis Kantzavelos | Physician | 40 | $1,239,329 |
| Charles Frank | Physician | 40 | $1,015,119 |
| Meghan Wooster | Physician | 40 | $907,449 |
| Ajmal Muhammad | Physician | 40 | $884,160 |
| Brent Woodbury | Physician | 40 | $866,089 |
| Bob Huffman | Director | 1 | — |
| Dave Poland | Chairperson | 1 | — |
| Dr Doug Henrich | Director | 1 | — |
| Dr Michael Mccoy | President/ceo | 24 | — |
| Jeremy Alexander | Cfo | 40 | — |
| Joy Anderson | Secretary | 1 | — |
| Matt Wenzel | Former President/ceo | 24 | — |
| Neal Dodd | Director | 1 | — |
| Vicki Stephenson | Vice Chairman | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hallmark Health Care Solutions Inc | Staffing Agency | $13,020,088 |
| Medefis Inc | Staffing Agency | $6,082,621 |
| Wapiti Medical Staffing | Staffing Agency | $3,368,809 |
| Weatherby Locums Inc | Staffing Agency | $1,663,133 |
| Icon Medical Network LLC | Staffing Agency | $1,313,390 |
Grants received · $95.3M total
8 grants to Southeast Iowa Regional Medical Center Inc totaling $95.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke prevention programs | 2024 | $12,000 |
| Grhs Holdings Inc | Operating support | 2023 | $40,000,000 |
| American Heart Association Inc | Stroke programs | 2023 | $12,000 |
| Grhs Holdings Inc | Operating support | 2022 | $30,154,146 |
| Grhs Holdings Inc | Operating support | 2021 | $25,000,000 |
| American Heart Association Inc | Equipment upgrade | 2017 | $40,550 |
| American Heart Association Inc | Emergency equipment upgrade | 2015 | $76,800 |
| National Christian Charitable Foundation | Medical and health | 2015 | $100 |
Grants made · $14.8M in FY2023
6 grants totaling $14.8M in FY2023. All grants made by Southeast Iowa Regional Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Henry County Health Center Inc | Intercompany transfer | $8,081,950 |
| Riverview System Ltd | Intercompany transfer | $3,000,000 |
| Great River Health System Inc | Intercompany transfer | $1,918,050 |
| Southeastern Community College | Nursing and rad tech program | $1,433,466 |
| Great River Health Foundation Inc | General support | $377,061 |
| Iowa Statewide Poison Control Center | General support | $7,500 |
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Frequently asked questions
- Is Southeast Iowa Regional Medical Center Inc a legitimate nonprofit?
- Yes. Southeast Iowa Regional Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0680407, based in W Burlington, Iowa. Donations are tax-deductible.
- What is Southeast Iowa Regional Medical Center Inc's EIN?
- Southeast Iowa Regional Medical Center Inc's Employer Identification Number (EIN) is 42-0680407.
- How much revenue does Southeast Iowa Regional Medical Center Inc report?
- Southeast Iowa Regional Medical Center Inc reported $438,248,210 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Southeast Iowa Regional Medical Center Inc's spending goes to programs?
- Southeast Iowa Regional Medical Center Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southeast Iowa Regional Medical Center Inc have?
- CharityIndex grades Southeast Iowa Regional Medical Center Inc A+, based on program efficiency and fundraising cost.
- How much does Southeast Iowa Regional Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Southeast Iowa Regional Medical Center Inc's latest Form 990 is $1,239,329, paid to Louis Kantzavelos (Physician).
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Data for Southeast Iowa Regional Medical Center Inc (EIN 42-0680407) 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.