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Nonprofiteer
← GREAT RIVER HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by GREAT RIVER HEALTH SYSTEM INC.

Totals

Total revenue
$39,313,751
Total expenses
$43,534,704
Contributions and grants received
$2,024,641
Grants paid
$113,987
Program service revenue
$37,226,065
Investment income
$56,919
Other revenue
$6,126
Total assets, end of year
$21,641,454
Total liabilities, end of year
$6,419,751
Net assets or fund balances, end of year
$15,221,703
Program services expenses (Part IX)
$113,987
Management and general expenses
$43,420,717
Fundraising expenses
$0
Program service expenses (Part III)
$113,987

Program services were 0.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $2,024,641

  • 2a · Program service revenue: ADMINISTRATIVE REVENUE

    total $37,226,065 · related or exempt $37,226,065

  • 3 · Investment income

    total $56,919 · excluded $56,919

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,126 · excluded $6,126

  • 11e · Other revenue, total

    $6,126

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,987 · program services $113,987

  • 7 · Other salaries and wages

    total $24,217,005 · management and general $24,217,005

  • 9 · Other employee benefits

    total $5,185,393 · management and general $5,185,393

  • 10 · Payroll taxes

    total $1,602,851 · management and general $1,602,851

  • 11a · Fees: management

    total $11,751,226 · management and general $11,751,226

  • 13 · Office expenses

    total $212,496 · management and general $212,496

  • 16 · Occupancy

    total $6 · management and general $6

  • 17 · Travel

    total $96,737 · management and general $96,737

  • 22 · Depreciation, depletion and amortization

    total $236,390 · management and general $236,390

  • 23 · Insurance

    total $3,942 · management and general $3,942

  • 24a · Other expenses: SUPPORT COST

    total $59,396 · management and general $59,396

  • 24b · Other expenses: DUES, FEES & PERMITS

    total $29,694 · management and general $29,694

  • 24c · Other expenses: REPAIRS

    total $21,579 · management and general $21,579

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $4,002 · management and general $4,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,514 · end of year $50,000

  • 2 · Savings and temporary cash investments

    beginning of year $5,413,476 · end of year $2,014,423

  • 4 · Accounts receivable

    beginning of year $135,655 · end of year $299,325

  • 9 · Prepaid expenses and deferred charges

    beginning of year $559,952 · end of year $826,670

  • 10a · Land, buildings and equipment: cost or other basis

    $1,331,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $299,847

  • 10c · Land, buildings and equipment, net

    beginning of year $166,000 · end of year $1,031,335

  • 12 · Investments: other securities

    beginning of year $9,431,271 · end of year $11,648,061

  • 15 · Other assets

    beginning of year $6,077,747 · end of year $5,771,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,184,006 · end of year $5,994,009

  • 25 · Other liabilities

    beginning of year $0 · end of year $425,742

  • 27 · Net assets without donor restrictions

    beginning of year $17,651,609 · end of year $15,221,703

Mission and programs · 2023

Mission

GREAT RIVER HEALTH SYSTEM, INC. (GRHS) IS A NON-STOCK, NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF SERVING AS A HOLDING COMPANY OF VARIOUS SUBSIDIARIES PROVIDING HEALTH CARE.

Activities or mission (Part I)

TO SERVE AS A HOLDING COMPANY OF VARIOUS SUBSIDIARIES PROVIDING HEALTH CARE.

  • GREAT RIVER HEALTH SYSTEM IS A REGIONAL INTEGRATED HEALTH-SYSTEM THAT INCLUDES SOUTHEAST IOWA REGIONAL MEDICAL CENTER, HENRY COUNTY HEALTH CENTER, PHARMACIES, MEDICAL EQUIPMENT AND SUPPLIES PROVIDERS, PHYSICIAN CLINICS, AND STAFFING AGENCY.

    Expenses $113,987 · Grants $113,987 · Revenue $37,226,065

As filed on the 2023 return.

Listed in Part VII

  • Matt Wenzel

    FORMER PRESIDENT/CEO

    Total calculated
    $1,380,867
    From this org
    $1,369,580
    From related orgs
    $0
    Other
    $11,287
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $326,969
    Bonus
    $0
    Other
    $1,042,611
    Deferred
    $0
    Nontaxable benefits
    $11,287
    Filer's total
    $1,380,867

  • Dr Michael McCoy

    CEO

    Total calculated
    $880,902
    From this org
    $829,861
    From related orgs
    $0
    Other
    $51,041
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $751,696
    Bonus
    $56,250
    Other
    $21,915
    Deferred
    $16,500
    Nontaxable benefits
    $34,541
    Filer's total
    $880,902

  • Jeremy Alexander

    CFO

    Total calculated
    $630,528
    From this org
    $582,333
    From related orgs
    $0
    Other
    $48,195
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $556,475
    Bonus
    $24,550
    Other
    $1,308
    Deferred
    $16,500
    Nontaxable benefits
    $31,695
    Filer's total
    $630,528

  • Teresa Colgan - Exec

    VP CHIEF EXECUTIVE OFFICER

    Total calculated
    $541,134
    From this org
    $494,447
    From related orgs
    $0
    Other
    $46,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,052
    Bonus
    $19,570
    Other
    $7,825
    Deferred
    $16,500
    Nontaxable benefits
    $30,187
    Filer's total
    $541,134

  • Russell Rodriguez - Exec

    VP CHIEF CLINICAL OPERATIONS

    Total calculated
    $381,035
    From this org
    $336,075
    From related orgs
    $0
    Other
    $44,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,797
    Bonus
    $15,800
    Other
    $2,478
    Deferred
    $15,132
    Nontaxable benefits
    $29,828
    Filer's total
    $381,035

  • Dr Joel Ryon

    EXECUTIVE VP CHIEF MEDICAL

    Total calculated
    $315,511
    From this org
    $281,550
    From related orgs
    $0
    Other
    $33,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,434
    Bonus
    $0
    Other
    $2,116
    Deferred
    $10,199
    Nontaxable benefits
    $23,762
    Filer's total
    $315,511

  • Tomi Hagan

    EXECUTIVE VP CHIEF COMPLIANCE

    Total calculated
    $305,467
    From this org
    $263,957
    From related orgs
    $0
    Other
    $41,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,155
    Bonus
    $12,375
    Other
    $1,427
    Deferred
    $12,769
    Nontaxable benefits
    $28,741
    Filer's total
    $305,467

  • Michael Yost - Exec

    VP CHIEF HUMAN RESOURCES

    Total calculated
    $289,402
    From this org
    $263,813
    From related orgs
    $0
    Other
    $25,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,048
    Bonus
    $0
    Other
    $765
    Deferred
    $0
    Nontaxable benefits
    $25,589
    Filer's total
    $289,402

  • Robert Engberg

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John McKillip

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carla McNamee

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Deanna Barr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bill Malcom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Doug Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DR. MICHAEL MCCOY, HEALTH/SOCIAL CLUB DUES, $74.90. THIS AMOUNT WAS INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 4A
MATT WENZEL RECEIVED A SEVERANCE PAYMENT OF $855,096. THIS AMOUNT WERE INCLUDED IN W-2 WAGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SOUTHEAST RENAL DIALYSIS LC

    MEDICAL SERVICES · IA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RIVERVIEW SYSTEM LTD

    C · MEDICAL SERVICES · IA · 100% owned · share of income $38,986 · share of assets $139,827,308 · controlled entity

    Directly controlled by GRHS

  • GREAT RIVER MEDICAL SERVICES INC

    C · MEDICAL SERVICES · IA · 100% owned · controlled entity

    Directly controlled by GRHS

  • MUTUAL CONSULTING & MANAGEMENT SERVICES

    C · MANAGEMENT SERVICES · IA · 100% owned · share of income $560,352 · share of assets $18,526,476 · controlled entity

    Directly controlled by RIVERVIEW SYSTEM LTD

  • HERITAGE PARK PHARMACY

    C · PHARMACY · IA · 100% owned · share of income $2,877,828 · share of assets $11,141,704 · controlled entity

    Directly controlled by RIVERVIEW SYSTEM LTD

  • HERITAGE MEDICAL EQUIPMENT & SUPPLY

    C · MEDICAL SUPPLY · IA · 100% owned · share of income $2,182,893 · share of assets $3,506,698 · controlled entity

    Directly controlled by RIVERVIEW SYSTEM LTD

  • RIGHTCHOICE INC

    C · STAFFING AGENCY · IA · 100% owned · share of income $1,662 · share of assets $100,025 · controlled entity

    Directly controlled by RIVERVIEW SYSTEM LTD

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521139349300042

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