St Lukes Methodist Hospital
95% goes to programs $0 to raise $100 Strong reserves
St Lukes Methodist Hospital is a 501(c)(3) organization based in Cedar Rapids, Iowa, registered in 1946, with $502,649,058 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
1026 A Ave Ne, Cedar Rapids, IA, 52402 EIN 42-0504780 Since 1946
Revenue (FY2024)
$502.6M
▲ 5.4% vs prior year
Health median: $840K
Expenses (FY2024)
$502.0M
Net assets
$473.0M
Employees
3,282
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 St Lukes Methodist Hospital: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +0% 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 St Lukes Methodist Hospital: 11 mo reserves · +0% 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 St Lukes Methodist Hospital: 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 St Lukes Methodist Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To give the healthcare we'd like our loved ones to receive.
What they do
Community benefit, including charity carecharity care and means-tested programs: st. luke's methodist hospital 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 to people at a value of $1,833,486 in 2024. oftentimes, st. luke's methodist hospital receives payments from payors or patients that are less than it charges for services. st. luke's methodist hospital participates in medicaid and other government-sponsored health-care programs. st. luke's methodist hospital's net cost of providing care for which it receives payment below its cost is $0 for 2024. total charity care and means-tested programs reported value: $1,183,486.other benefits: st. luke's methodist hospital 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, and cash and in-kind contributions to community groups. st. luke's methodist hospital collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. st. luke's methodist hospital has dedicated staff to assist community benefit efforts. total other benefits reported value: $ 32,317,251.
Contact & location
- Address
- 1026 A Ave Ne, Cedar Rapids, IA, 52402
- City
- Cedar Rapids
- State
- Iowa
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $383.6M (FY2013) to $502.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $164.0MNet assets $473.0M
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$636.9M
Total liabilities
$164.0M
Net assets
$473.0M
Salaries & benefits
$237.4M
47% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $502,649,058▲5.4% | $501,990,946▲6.4% | $472,959,384▲16.1% | $636,910,404▲9.1% | 990 |
| 2023 | $477,105,050▲3.9% | $471,616,586▲3.0% | $407,544,364▲3.8% | $583,766,869▲7.2% | 990 |
| 2022 | $459,214,322▲2.5% | $457,990,699▲7.5% | $392,580,395▼10.7% | $544,712,395▼8.8% | 990 |
| 2021 | $448,080,715▲10.5% | $425,845,697▲10.3% | $439,738,103▲8.9% | $597,471,297▲1.5% | 990 |
| 2020 | $405,423,350▼2.5% | $386,241,082▼4.9% | $403,649,284▲4.2% | $588,535,299▲10.6% | 990 |
| 2019 | $415,897,395▲0.1% | $406,087,910▲6.2% | $387,264,057▲10.6% | $531,938,029▲10.3% | 990 |
| 2018 | $415,656,187▲4.8% | $382,510,841▼2.3% | $350,073,681▲1.0% | $482,358,210▲0.3% | 990 |
| 2017 | $396,581,702▲4.9% | $391,394,793▲4.1% | $346,450,000▲7.7% | $480,860,900▲4.5% | 990 |
| 2016 | $378,221,521▲1.4% | $376,136,769▲5.1% | $321,677,164▲5.6% | $459,974,313▲1.7% | 990 |
| 2015 | $373,127,839▲1.0% | $358,005,974▲2.1% | $304,587,193▲3.9% | $452,121,735▲1.9% | 990 |
| 2014 | $369,553,325▼3.7% | $350,488,241▼2.7% | $293,013,625▲3.7% | $443,835,662▲2.3% | 990 |
| 2013 | $383,642,987 | $360,090,201▲0.3% | $282,687,156▲16.6% | $433,666,510▲7.1% | 990 |
| 2012 | — | $358,906,962▲7.8% | $242,544,998▲6.8% | $404,903,256▲2.2% | 990 |
| 2011 | — | $332,929,413▼0.9% | $227,156,198▼1.9% | $396,324,331▲3.4% | 990 |
| 2010 | — | $335,909,838 | $231,661,987 | $383,358,340 | 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: Casey Greene — $426,171 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Casey Greene | Board Member and Mkt President | 40 | $426,171 |
| Carmen Kleinsmith | Market Chief Nursing Officer | 40 | $329,547 |
| Lucas Hicks | Market Vp Finance | 40 | $276,565 |
| Marlee Hansen Dds Ms | Dentist | 40 | $248,384 |
| Eric Briesemeister | President - Jrmc | 1 | $232,727 |
| Mary Klinger | President-hcf | 40 | $207,194 |
| Julie Sturbaum | Director Surgical Services | 40 | $200,202 |
| Mark Willis | Mkt Vp Operations | 40 | $192,255 |
| Jeffrey Miller | Physician Assistant | 40 | $187,981 |
| Joseph Linn To 0623 | Vp Hr & Operations | 40 | $126,450 |
| Mary Ann Osborn | Board Member | 40 | $30,580 |
| Anne Carter | Board Member | 1 | — |
| Anne Parmley | Board Member | 1 | — |
| Brian Globokar | Board Member | 1 | — |
| Charles Becker | Board Member | 1 | — |
| Chris Skogman | Board Vice Chair | 1 | — |
| Curtis Heideman | Board Member | 1 | — |
| Donald Johnson | Board Member | 1 | — |
| Dustin Arnold | Market Chief Medical Officer | 1 | — |
| Gregory Churchill | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Amn Healthcare Inc | Healthcare Staffing | $9,828,813 |
| Graham Construction Co Inc | Construction Services | $7,803,116 |
| Gastroenterologists PC | Staffing Services | $5,867,010 |
| Mr Associates LLP | Medical Services | $4,458,765 |
| Alphates Spine Inc | Medical Services | $3,125,895 |
Grants received · $17.8M total
7 grants to St Lukes Methodist Hospital totaling $17.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Iowa Health System | Program support | 2020 | $13,962,385 |
| Iowa Physicians Clinic Medical Foundation | Program support | 2017 | $2,489,958 |
| Donor Advised Charitable Giving | Health & human services | 2017 | $292,909 |
| American Heart Association Inc | Equipment upgrade | 2017 | $6,000 |
| Donor Advised Charitable Giving | Health & human services | 2016 | $437,000 |
| Donor Advised Charitable Giving | Health & human services | 2015 | $185,000 |
| Donor Advised Charitable Giving | Health & human services | 2014 | $466,000 |
Grants made · $29.8M in FY2024
4 grants totaling $29.8M in FY2024. All grants made by St Lukes Methodist Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Physicians Clinic Medical Foundation | Program support | $29,495,370 |
| Cedar Rapids Medical Education Foundation | Program support | $242,728 |
| African American Heritage Foundation | Program support | $20,197 |
| Iowa Statewide Poison Control Center | Program support | $14,750 |
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Compare St Lukes Methodist Hospital
Frequently asked questions
- Is St Lukes Methodist Hospital a legitimate nonprofit?
- Yes. St Lukes Methodist Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0504780, based in Cedar Rapids, Iowa. Donations are tax-deductible.
- What is St Lukes Methodist Hospital's EIN?
- St Lukes Methodist Hospital's Employer Identification Number (EIN) is 42-0504780.
- How much revenue does St Lukes Methodist Hospital report?
- St Lukes Methodist Hospital reported $502,649,058 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of St Lukes Methodist Hospital's spending goes to programs?
- St Lukes Methodist Hospital spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does St Lukes Methodist Hospital have?
- CharityIndex grades St Lukes Methodist Hospital A+, based on program efficiency and fundraising cost.
- How much does St Lukes Methodist Hospital's highest-paid employee make?
- The highest reported compensation on St Lukes Methodist Hospital's latest Form 990 is $426,171, paid to Casey Greene (Board Member and Mkt President).
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Explore more
Data for St Lukes Methodist Hospital (EIN 42-0504780) 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.