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Nonprofiteer
← TRINITY REGIONAL MEDICAL CENTER

Form 990 for tax year 2022

Filed by TRINITY REGIONAL MEDICAL CENTER.

Totals

Total revenue
$165,861,822
Total expenses
$157,178,024
Contributions and grants received
$10,096,391
Grants paid
$6,622,310
Program service revenue
$149,764,729
Investment income
$5,356,953
Other revenue
$643,749
Total assets, end of year
$219,585,097
Total liabilities, end of year
$31,312,671
Net assets or fund balances, end of year
$188,272,426
Program services expenses (Part IX)
$148,780,682
Management and general expenses
$8,397,342
Fundraising expenses
$0
Program service expenses (Part III)
$148,780,682

Program services were 94.7% 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

    $1,408,924

  • 1e · Government grants (contributions)

    $8,660,204

  • 1f · All other contributions, gifts and grants

    $27,263

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $143,978,693 · related or exempt $143,978,693

  • 2b · Program service revenue: PHARMACY REVENUE

    total $1,853,201 · related or exempt $1,684,728 · unrelated business $168,473

  • 2c · Program service revenue: RENTAL INCOME

    total $1,531,383 · related or exempt $1,531,383

  • 2d · Program service revenue: MGMT & SUPPORT SVCS

    total $1,386,329 · related or exempt $1,386,329

  • 2e · Program service revenue: LABORATORY SERVICES

    total $1,007,748 · related or exempt $1,007,748

  • 2f · All other program service revenue

    total $7,375 · related or exempt $7,375

  • 3 · Investment income

    total $1,736,252 · related or exempt $7,937 · excluded $1,728,315

  • 7a · Gross sales of assets other than inventory

    securities $36,886,649 · other assets $35,882

  • 7b · Less cost or other basis and sales expenses

    securities $33,150,413 · other assets $151,417

  • 7c · Gain or loss

    securities $3,736,236 · other assets -$115,535

  • 7d · Net gain or loss

    total $3,620,701 · excluded $3,620,701

  • 11a · Other revenue: MISCELLANEOUS

    total $828,510 · related or exempt $828,510

  • 11b · Other revenue: CAFETERIA/FOOD SVCS

    total $17,924 · excluded $17,924

  • 11c · Other revenue: SHARED SAVINGS REVENUE

    total -$202,685 · related or exempt -$202,685

  • 11e · Other revenue, total

    $643,749

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,591,839 · program services $6,591,839

  • 2 · Grants to domestic individuals

    total $30,471 · program services $30,471

  • 5 · Compensation of officers, directors and key employees

    total $235,614 · management and general $235,614

  • 6 · Compensation of disqualified persons

    total $98,571 · management and general $98,571

  • 7 · Other salaries and wages

    total $74,894,150 · program services $69,766,190 · management and general $5,127,960

  • 8 · Pension plan contributions

    total $2,071,752 · program services $1,929,900 · management and general $141,852

  • 9 · Other employee benefits

    total $8,771,795 · program services $8,171,195 · management and general $600,600

  • 10 · Payroll taxes

    total $4,127,243 · program services $3,844,653 · management and general $282,590

  • 11a · Fees: management

    total $15,805,231 · program services $15,579,454 · management and general $225,777

  • 11b · Fees: legal

    total $151,825 · program services $3,044 · management and general $148,781

  • 11f · Fees: investment management

    total $386,836 · program services $141,834 · management and general $245,002

  • 11g · Fees: other

    total $9,232,476 · program services $8,729,362 · management and general $503,114

  • 12 · Advertising and promotion

    total $294,528 · program services $186,036 · management and general $108,492

  • 13 · Office expenses

    total $801,255 · program services $640,507 · management and general $160,748

  • 14 · Information technology

    total -$3,315 · program services -$3,315

  • 16 · Occupancy

    total $4,084,923 · program services $3,858,423 · management and general $226,500

  • 17 · Travel

    total $168,278 · program services $148,719 · management and general $19,559

  • 19 · Conferences, conventions and meetings

    total $67,669 · program services $61,846 · management and general $5,823

  • 20 · Interest

    total $1,010,267 · program services $1,010,267

  • 22 · Depreciation, depletion and amortization

    total $5,451,117 · program services $5,265,249 · management and general $185,868

  • 23 · Insurance

    total $1,211,408 · program services $1,211,408

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $21,513,335 · program services $21,485,634 · management and general $27,701

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $167,326 · program services $114,557 · management and general $52,769

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $13,409 · program services $13,409

  • 24d · Other expenses: INCOME TAXES

    total $21 · management and general $21

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,544,166 · end of year $11,410,611

  • 2 · Savings and temporary cash investments

    beginning of year $6,175,182 · end of year $8,407,389

  • 4 · Accounts receivable

    beginning of year $15,573,033 · end of year $11,882,387

  • 7 · Other notes and loans receivable

    beginning of year $13,504,630 · end of year $14,974,157

  • 8 · Inventories for sale or use

    beginning of year $4,059,821 · end of year $4,035,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $311,221 · end of year $284,784

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

    $205,338,185

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

    $130,510,687

  • 10c · Land, buildings and equipment, net

    beginning of year $70,908,375 · end of year $74,827,498

  • 11 · Investments: publicly traded securities

    beginning of year $77,031,371 · end of year $64,296,607

  • 13 · Investments: program-related

    beginning of year $29,460,696 · end of year $27,406,382

  • 15 · Other assets

    beginning of year $927,766 · end of year $2,060,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,337,405 · end of year $12,087,776

  • 19 · Deferred revenue

    beginning of year $10,657,561 · end of year $81,472

  • 24 · Unsecured notes and loans payable

    beginning of year $767,184 · end of year $1,761,208

  • 25 · Other liabilities

    beginning of year $17,896,552 · end of year $17,382,215

  • 27 · Net assets without donor restrictions

    beginning of year $182,668,269 · end of year $179,376,387

  • 28 · Net assets with donor restrictions

    beginning of year $9,169,290 · end of year $8,896,039

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITIES AND REGIONS BY PROVIDING QUALITY HEALTHCARE IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

Activities or mission (Part I)

TO IMPROVE THE HEALTH OF OUR COMMUNITY AND REGION THROUGH HEALING, CARING AND EDUCATION.

  • HEALTH-CARE SERVICESTRINITY REGIONAL MEDICAL CENTER IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE NORTH CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTHCARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. TRINITY REGIONAL MEDICAL CENTER PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE, CRITICAL CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, MATERNAL/CHILD CARE, PEDIATRIC CARE, LABORATORY SERVICES, PHARMACEUTICAL DRUGS, RADIOLOGY AND MANY OTHER ROUTINE AND ANCILLARY SERVICES. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2022, TRINITY REGIONAL MEDICAL CENTER ADMITTED 3,412 PATIENTS RESULTING IN A TOTAL OF 13,039 PATIENT DAYS. OUTPATIENT REGISTRATIONS TOTALED 73,880 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 3,258. THERE WERE ALSO 18,685 EMERGENCY ROOM VISITS AND 446 BABIES DELIVERED.

    Expenses $129,577,426 · Grants $4,636,657 · Revenue $150,398,491

  • COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: TRINITY 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 $1,027,725 IN 2022. OFTENTIMES, TRINITY REGIONAL MEDICAL CENTER RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. TRINITY REGIONAL MEDICAL CENTER PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. TRINITY REGIONAL MEDICAL CENTER'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $10,617,674 FOR 2022. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $11,645,399.OTHER BENEFITS: TRINITY 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; HEALTH PROFESSIONAL'S EDUCATION; SUBSIDIZED HEALTH SERVICES; RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. TRINITY 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. TRINITY REGIONAL MEDICAL CENTER HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $7,557,857.

    Expenses $19,203,256 · Grants $1,985,653

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARLES CLAYTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NEVEN CONRAD

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS FRIDERES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE FRISCHMEYER

    BOARD CHAIR

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 1 related

  • LEAH GLASGO BOARD MEMBER

    & PRESIDENT/CEO (SC & FD)

    Total calculated
    $1,168,456
    From this org
    $0
    From related orgs
    $1,067,658
    Other
    $100,798
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,262 related
    Bonus
    $0 + $153,147 related
    Other
    $0 + $455,249 related
    Deferred
    $0 + $69,078 related
    Nontaxable benefits
    $0 + $31,720 related
    Filer's total
    $0 + $1,168,456 related

  • DEBRA JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEITH KOLACIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL LEE MD

    BOARD MEMBER

    Total calculated
    $489,154
    From this org
    $0
    From related orgs
    $460,235
    Other
    $28,919
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $437,067 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $3,168 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $22,819 related
    Filer's total
    $0 + $489,154 related

  • JILL NELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JERE NULL TO 1222

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINCOLN WALLACE MD

    BOARD SECRETARY/TREASURER

    Total calculated
    $546,254
    From this org
    $0
    From related orgs
    $498,013
    Other
    $48,241
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,487 related
    Bonus
    $0 + $35,262 related
    Other
    $0 + $2,264 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $32,991 related
    Filer's total
    $0 + $546,254 related

  • MICHAEL WILLERTH MD

    BOARD MEMBER

    Total calculated
    $654,983
    From this org
    $0
    From related orgs
    $616,906
    Other
    $38,077
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,488 related
    Bonus
    $0
    Other
    $0 + $3,418 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $22,827 related
    Filer's total
    $0 + $654,983 related

  • SARAH MARSH

    VP FINANCE

    Total calculated
    $256,945
    From this org
    $0
    From related orgs
    $218,564
    Other
    $38,381
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,578 related
    Bonus
    $0 + $28,893 related
    Other
    $0 + $2,093 related
    Deferred
    $0 + $11,417 related
    Nontaxable benefits
    $0 + $26,964 related
    Filer's total
    $0 + $256,945 related

  • TROY MARTENS

    EXEC. DIR SUPPLY CHAIN OPS.

    Total calculated
    $289,167
    From this org
    $0
    From related orgs
    $258,079
    Other
    $31,088
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,864 related
    Bonus
    $0 + $39,247 related
    Other
    $0 + $4,968 related
    Deferred
    $0 + $11,749 related
    Nontaxable benefits
    $0 + $19,339 related
    Filer's total
    $0 + $289,167 related

  • SHANNON MCQUILLEN

    VP PEOPLE EXCELLENCE

    Total calculated
    $235,614
    From this org
    $0
    From related orgs
    $193,208
    Other
    $42,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $165,462 related
    Bonus
    $0 + $27,556 related
    Other
    $0 + $190 related
    Deferred
    $0 + $10,184 related
    Nontaxable benefits
    $0 + $32,222 related
    Filer's total
    $0 + $235,614 related

  • CHRISTOPHER CARZOLI DO

    PHYSICIAN-EMERGENCY

    Total calculated
    $456,109
    From this org
    $411,717
    From related orgs
    $0
    Other
    $44,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,380
    Bonus
    $29,750
    Other
    $1,587
    Deferred
    $15,250
    Nontaxable benefits
    $29,142
    Filer's total
    $456,109

  • JAMES DORN CRNA

    NURSE ANESTHETIST

    Total calculated
    $335,063
    From this org
    $296,029
    From related orgs
    $0
    Other
    $39,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,791
    Bonus
    $10,000
    Other
    $1,238
    Deferred
    $13,985
    Nontaxable benefits
    $25,049
    Filer's total
    $335,063

  • ERIC HAGE CRNA

    NURSE ANESTHETIST

    Total calculated
    $530,306
    From this org
    $494,163
    From related orgs
    $0
    Other
    $36,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,414
    Bonus
    $110,377
    Other
    $1,372
    Deferred
    $14,656
    Nontaxable benefits
    $21,487
    Filer's total
    $530,306

  • DAN E LENZ CRNA

    NURSE ANESTHETIST

    Total calculated
    $506,735
    From this org
    $481,774
    From related orgs
    $0
    Other
    $24,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,198
    Bonus
    $102,088
    Other
    $1,488
    Deferred
    $15,250
    Nontaxable benefits
    $9,711
    Filer's total
    $506,735

  • ENRIQUE PENA MD

    PHYSICIAN TELEHOSPITALIST

    Total calculated
    $482,344
    From this org
    $465,834
    From related orgs
    $0
    Other
    $16,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,354
    Bonus
    $10,000
    Other
    $480
    Deferred
    $15,250
    Nontaxable benefits
    $1,260
    Filer's total
    $482,344

  • SUSAN THOMPSON-IHS INT CEO TO 02

    21) FMR INT BOARD MBR/PRES (TO 1/19)

    Total calculated
    $278,902
    From this org
    $0
    From related orgs
    $278,902
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $278,902 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $278,902 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: LEAH GLASGO $53,828 AND KARI JONES $20,181. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: LEAH GLASGO $449,085 AND SUSAN THOMPSON $278,902. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313189349306696

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