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Nonprofiteer
← ALLEN MEMORIAL HOSPITAL CORPORATION

Form 990 for tax year 2024

Filed by ALLEN MEMORIAL HOSPITAL CORPORATION.

Totals

Total revenue
$443,098,535
Total expenses
$414,473,663
Contributions and grants received
$19,650,795
Grants paid
$37,623,833
Program service revenue
$412,423,938
Investment income
$10,266,529
Other revenue
$757,273
Total assets, end of year
$448,508,076
Total liabilities, end of year
$173,035,801
Net assets or fund balances, end of year
$275,472,275
Program services expenses (Part IX)
$396,854,304
Management and general expenses
$17,619,359
Fundraising expenses
$0
Program service expenses (Part III)
$396,854,304

Program services were 95.7% 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

    $1,461,690

  • 1e · Government grants (contributions)

    $17,319,309

  • 1f · All other contributions, gifts and grants

    $869,796

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $371,781,952 · related or exempt $371,781,952

  • 2b · Program service revenue: PHARMACY REVENUE

    total $27,240,073 · related or exempt $25,087,793 · unrelated business $2,152,280

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

    total $6,442,361 · related or exempt $6,396,361 · unrelated business $46,000

  • 2d · Program service revenue: RENTAL INCOME

    total $5,155,361 · related or exempt $5,155,361

  • 2e · Program service revenue: SUBS & JOINT VENTURES

    total $1,059,181 · related or exempt $1,062,395 · unrelated business -$3,214

  • 2f · All other program service revenue

    total $745,010 · related or exempt $745,010

  • 3 · Investment income

    total $4,864,411 · excluded $4,864,411

  • 7a · Gross sales of assets other than inventory

    securities $39,442,637 · other assets $250

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

    securities $34,040,769 · other assets $0

  • 7c · Gain or loss

    securities $5,401,868 · other assets $250

  • 7d · Net gain or loss

    total $5,402,118 · excluded $5,402,118

  • 10a · Gross sales of inventory

    $349,373

  • 10b · Cost of goods sold

    $252,405

  • 10c · Net income from sales of inventory

    total $96,968 · excluded $96,968

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $602,441 · related or exempt $602,441

  • 11b · Other revenue: DEFINED BENEFIT PENSION COST

    total $308,963 · related or exempt $308,963

  • 11c · Other revenue: CAFETERIA/FOOD SVCS

    total $37,685 · excluded $37,685

  • 11d · All other revenue

    total -$288,784 · related or exempt -$288,784

  • 11e · Other revenue, total

    $660,305

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,621,368 · program services $37,621,368

  • 2 · Grants to domestic individuals

    total $2,465 · program services $2,465

  • 5 · Compensation of officers, directors and key employees

    total $1,393,853 · management and general $1,393,853

  • 6 · Compensation of disqualified persons

    total $606,419 · management and general $606,419

  • 7 · Other salaries and wages

    total $147,982,177 · program services $137,022,484 · management and general $10,959,693

  • 8 · Pension plan contributions

    total $4,691,221 · program services $4,343,785 · management and general $347,436

  • 9 · Other employee benefits

    total $16,036,492 · program services $14,848,815 · management and general $1,187,677

  • 10 · Payroll taxes

    total $8,425,153 · program services $7,801,179 · management and general $623,974

  • 11a · Fees: management

    total $40,404,405 · program services $40,404,405

  • 11b · Fees: legal

    total $253,690 · program services $221,834 · management and general $31,856

  • 11f · Fees: investment management

    total $980,746 · program services $330,236 · management and general $650,510

  • 11g · Fees: other

    total $31,103,273 · program services $30,520,562 · management and general $582,711

  • 12 · Advertising and promotion

    total $694,363 · program services $505,746 · management and general $188,617

  • 13 · Office expenses

    total $823,301 · program services $606,897 · management and general $216,404

  • 14 · Information technology

    total $973,372 · program services $973,372

  • 16 · Occupancy

    total $7,514,688 · program services $7,319,322 · management and general $195,366

  • 17 · Travel

    total $450,329 · program services $422,626 · management and general $27,703

  • 19 · Conferences, conventions and meetings

    total $97,614 · program services $79,670 · management and general $17,944

  • 20 · Interest

    total $2,386,878 · program services $2,386,878

  • 22 · Depreciation, depletion and amortization

    total $13,031,086 · program services $12,871,898 · management and general $159,188

  • 23 · Insurance

    total $3,296,899 · program services $3,296,899

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $101,059,024 · program services $100,989,955 · management and general $69,069

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $44,025 · program services $44,025

  • 24c · Other expenses: INCOME TAXES

    total $2,176 · management and general $2,176

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total -$5,401,354 · program services -$5,760,117 · management and general $358,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,830,322 · end of year $16,670,306

  • 2 · Savings and temporary cash investments

    beginning of year $4,457,290 · end of year $9,835,747

  • 4 · Accounts receivable

    beginning of year $41,095,443 · end of year $51,197,737

  • 7 · Other notes and loans receivable

    beginning of year $31,622,058 · end of year $32,116,825

  • 8 · Inventories for sale or use

    beginning of year $8,615,943 · end of year $8,779,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,207,886 · end of year $1,001,462

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

    $348,352,417

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

    $224,026,969

  • 10c · Land, buildings and equipment, net

    beginning of year $112,559,501 · end of year $124,325,448

  • 11 · Investments: publicly traded securities

    beginning of year $161,309,497 · end of year $183,729,576

  • 13 · Investments: program-related

    beginning of year $7,389,242 · end of year $7,484,978

  • 14 · Intangible assets

    beginning of year $3,452,211 · end of year $2,910,445

  • 15 · Other assets

    beginning of year $13,114,727 · end of year $10,456,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,218,877 · end of year $25,221,084

  • 24 · Unsecured notes and loans payable

    beginning of year $202,266 · end of year $2,562,196

  • 25 · Other liabilities

    beginning of year $124,163,458 · end of year $145,252,521

  • 27 · Net assets without donor restrictions

    beginning of year $237,500,527 · end of year $268,535,933

  • 28 · Net assets with donor restrictions

    beginning of year $6,568,992 · end of year $6,936,342

Mission and programs · 2024

Mission

THE MISSION OF ALLEN MEMORIAL HOSPITAL CORPORATION IS TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.

Activities or mission (Part I)

IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.

  • HEALTH-CARE SERVICES`ALLEN MEMORIAL HOSPITAL CORPORATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE GREATER CEDAR VALLEY COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH-CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. ALLEN MEMORIAL HOSPTIAL CORPORATION 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 AND CRITICAL CARE, MENTAL HEALTH CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, BEHAVIORAL DISORDER PROGRAMS, MATERNAL/CHILD CARE, LABORATORY, PHARMACEUTICAL DRUGS, WOUND CARE, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2024, ALLEN MEMORIAL HOSPITAL CORPORATION ADMITTED 11,028 PATIENTS WITHOUT NEWBORNS AND NICU AND 12,182 PATIENTS WITH NEWBORNS AND NICU; RESULTING IN A TOTAL OF 48,884 PATIENT DAYS WITHOUT NEWBORNS AND NICU, AND 51,167 PATIENT DAYS WITH NEWBORNS AND NICU. OUTPATIENT VISITS TOTALED 221,054 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 4,420. THERE WERE ALSO 37,908 EMERGENCY ROOM VISITS AND 1,267 BABIES DELIVERED.

    Expenses $359,946,495 · Grants $26,545,662 · Revenue $413,046,558

  • CHARITY CARE, MEANS-TESTED PROGRAMS AND OTHER COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: ALLEN MEMORIAL HOSPITAL CORPORATION 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 $1,947,313 IN 2024. OFTEN TIMES, ALLEN MEMORIAL HOSPITAL CORPORATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ALLEN MEMORIAL HOSPITAL CORPORATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ALLEN MEMORIAL HOSPITAL CORPORATION'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: $1,947,313.OTHER BENEFITS: ALLEN MEMORIAL HOSPITAL CORPORATION 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. ALLEN MEMORIAL HOSPITAL CORPORATION COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ALLEN MEMORIAL HOSPITAL CORPORATION HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $34,960,496.

    Expenses $36,907,809 · Grants $11,078,171

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edita Begic

    BOARD MEMBER

    Total calculated
    $1,181
    From this org
    $1,181
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Stacey Bentley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kyle Christiason MD

    BOARD CHAIR

    Total calculated
    $502,174
    From this org
    $0
    From related orgs
    $454,453
    Other
    $47,721
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,176 related
    Bonus
    $0
    Other
    $0 + $2,277 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $30,471 related
    Filer's total
    $0 + $502,174 related

  • Bryan Earnest

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Friedly

    BOARD MEMBER & MARKET PRESIDENT

    Total calculated
    $562,472
    From this org
    $484,503
    From related orgs
    $0
    Other
    $77,969
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $397,408
    Bonus
    $81,490
    Other
    $5,605
    Deferred
    $57,827
    Nontaxable benefits
    $20,142
    Filer's total
    $562,472

  • Joan Headington

    BOARD MEMBER

    Total calculated
    $1,181
    From this org
    $1,181
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Carol Hibbs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lance Horbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pradeep Ramesh MD

    BOARD MEMBER

    Total calculated
    $643,326
    From this org
    $0
    From related orgs
    $589,098
    Other
    $54,228
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $555,569 related
    Bonus
    $0 + $30,495 related
    Other
    $0 + $3,034 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $36,978 related
    Filer's total
    $0 + $643,326 related

  • Zachary French

    MARKET VP FINANCE

    Total calculated
    $259,613
    From this org
    $241,678
    From related orgs
    $0
    Other
    $17,935
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $193,892
    Bonus
    $45,721
    Other
    $2,065
    Deferred
    $7,251
    Nontaxable benefits
    $10,684
    Filer's total
    $259,613

  • Russell Adams

    MARKET CHIEF MEDICAL OFFICER

    Total calculated
    $519,725
    From this org
    $33,485
    From related orgs
    $482,662
    Other
    $3,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $33,485 + $386,607 related
    Bonus
    $0 + $69,633 related
    Other
    $0 + $26,422 related
    Deferred
    $1,694 + $7,843 related
    Nontaxable benefits
    $1,884 + $22,774 related
    Filer's total
    $37,063 + $513,279 related

  • Natalie Hunter

    MARKET VP OPERATIONS

    Total calculated
    $280,100
    From this org
    $248,291
    From related orgs
    $0
    Other
    $31,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,987
    Bonus
    $21,413
    Other
    $24,891
    Deferred
    $12,120
    Nontaxable benefits
    $19,689
    Filer's total
    $280,100

  • Jodee Knox

    MARKET CHIEF NURSING OFFICER

    Total calculated
    $252,242
    From this org
    $240,191
    From related orgs
    $0
    Other
    $12,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $25,776
    Other
    $4,415
    Deferred
    $11,789
    Nontaxable benefits
    $262
    Filer's total
    $252,242

  • Rajeev Anugu MD

    PHYSICIAN- RADIOLOGY

    Total calculated
    $1,240,734
    From this org
    $1,188,407
    From related orgs
    $0
    Other
    $52,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,159,803
    Bonus
    $27,500
    Other
    $1,104
    Deferred
    $17,250
    Nontaxable benefits
    $35,077
    Filer's total
    $1,240,734

  • Eric Askeland MD

    PHYSICIAN- UROLOGY

    Total calculated
    $841,496
    From this org
    $789,169
    From related orgs
    $0
    Other
    $52,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $788,689
    Bonus
    $0
    Other
    $480
    Deferred
    $17,250
    Nontaxable benefits
    $35,077
    Filer's total
    $841,496

  • Daniel Lee MD

    PHYSICIAN- UROLOGY

    Total calculated
    $896,020
    From this org
    $877,451
    From related orgs
    $0
    Other
    $18,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $874,131
    Bonus
    $2,500
    Other
    $820
    Deferred
    $17,250
    Nontaxable benefits
    $1,319
    Filer's total
    $896,020

  • Nishad Nadkarni MD

    PHYSICIAN- RADIOLOGY

    Total calculated
    $1,030,942
    From this org
    $1,002,118
    From related orgs
    $0
    Other
    $28,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $976,686
    Bonus
    $25,000
    Other
    $432
    Deferred
    $17,250
    Nontaxable benefits
    $11,574
    Filer's total
    $1,030,942

  • Roberto Salas Fragomeni MD

    PHYSICIAN- RADIOLOGY

    Total calculated
    $1,212,750
    From this org
    $1,168,359
    From related orgs
    $0
    Other
    $44,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,134,547
    Bonus
    $33,334
    Other
    $478
    Deferred
    $16,012
    Nontaxable benefits
    $28,379
    Filer's total
    $1,212,750

  • Pamela Delagardelle To 823

    FORMER PRESIDENT/CEO

    Total calculated
    $934,735
    From this org
    $0
    From related orgs
    $798,296
    Other
    $136,439
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,067 related
    Bonus
    $0 + $139,872 related
    Other
    $0 + $34,357 related
    Deferred
    $0 + $112,246 related
    Nontaxable benefits
    $0 + $24,193 related
    Filer's total
    $0 + $934,735 related

  • Steven Palmersheim To 1221

    FORMER VP FINANCE

    Total calculated
    $549,310
    From this org
    $0
    From related orgs
    $464,024
    Other
    $85,286
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,665 related
    Bonus
    $0 + $99,691 related
    Other
    $0 + $3,668 related
    Deferred
    $0 + $54,750 related
    Nontaxable benefits
    $0 + $30,536 related
    Filer's total
    $0 + $549,310 related

  • Christopher Hill Do To 121

    FORMER PHYSICIAN-ER/PHYSICIAN DYAD LEADER

    Total calculated
    $530,347
    From this org
    $0
    From related orgs
    $491,777
    Other
    $38,570
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,066 related
    Bonus
    $0 + $90,000 related
    Other
    $0 + $711 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $21,320 related
    Filer's total
    $0 + $530,347 related

  • Sarah Brown To 723

    FORMER CHIEF NURSING OFFICER

    Total calculated
    $666,626
    From this org
    $0
    From related orgs
    $560,016
    Other
    $106,610
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $434,835 related
    Bonus
    $0 + $120,542 related
    Other
    $0 + $4,639 related
    Deferred
    $0 + $82,154 related
    Nontaxable benefits
    $0 + $24,456 related
    Filer's total
    $0 + $666,626 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

  • 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: SARAH BROWN $ 64,904, PAMELA DELAGARDELLE $ 94,996, JENNIFER FRIEDLY $ 40,577 & STEVEN PALMERSHEIM $ 37,500.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    RELATED · AMBULATORY SURGERY CENTER · IA · 56% owned · share of income $1,656,797 · share of assets $2,945,618 · general or managing partner

    Directly controlled by ALLEN MEMORIAL HOSPITAL CORPORATION

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL PHARMACY · IL

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202533189349305088

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