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Nonprofiteer
← KEOKUK AREA HOSPITAL

Form 990 for tax year 2024

Filed by KEOKUK AREA HOSPITAL.

Totals

Total revenue
$562,717
Total expenses
$909,642
Contributions and grants received
$549,600
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$13,117
Total assets, end of year
$866,006
Total liabilities, end of year
$1,683,807
Net assets or fund balances, end of year
-$817,801
Program services expenses (Part IX)
$0
Management and general expenses
$909,642
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $549,600

  • 1g · Noncash contributions included above

    $549,600

  • 6a · Gross rents

    real property $7,920

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,920

  • 6d · Net rental income or loss

    total $7,920 · excluded $7,920

  • 11a · Other revenue: WIND DOWN CLAIMS

    total $5,197 · related or exempt $5,197

  • 11e · Other revenue, total

    $5,197

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,569 · management and general $3,569

  • 8 · Pension plan contributions

    total $1,424 · management and general $1,424

  • 9 · Other employee benefits

    total $984 · management and general $984

  • 10 · Payroll taxes

    total $9,714 · management and general $9,714

  • 11b · Fees: legal

    total $11,315 · management and general $11,315

  • 11g · Fees: other

    total $136,206 · management and general $136,206

  • 13 · Office expenses

    total $15,299 · management and general $15,299

  • 14 · Information technology

    total $37,650 · management and general $37,650

  • 16 · Occupancy

    total $656,890 · management and general $656,890

  • 23 · Insurance

    total $3,461 · management and general $3,461

  • 24a · Other expenses: TAXES AND LICENSES

    total $11,599 · management and general $11,599

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $11,073 · management and general $11,073

  • 24c · Other expenses: FEES AND CHARGES

    total $4,350 · management and general $4,350

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $2,283 · management and general $2,283

  • 24e · All other expenses

    total $3,825 · management and general $3,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,081 · end of year $26,205

  • 4 · Accounts receivable

    beginning of year $0 · end of year $890

  • 5 · Loans and receivables from officers and key people

    beginning of year $140,000 · end of year $150,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,766 · end of year $0

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

    $653,910

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $549,600 · end of year $653,910

  • 14 · Intangible assets

    beginning of year $1 · end of year $1

  • 15 · Other assets

    beginning of year $35,000 · end of year $35,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,987 · end of year $174,016

  • 25 · Other liabilities

    beginning of year $759,457 · end of year $1,509,791

  • 27 · Net assets without donor restrictions

    beginning of year $69,004 · end of year -$817,801

Mission and programs · 2024

Mission

IMPROVING COMMUNITY HEALTH AND ENSURING ACCESS TO QUALITY HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY.

  • FOLLOWING THE SUBSTITUTION OF INSIGHT RESEARCH INSTITUTE AS THE SOLE MEMBER OF KEOKUK AREA HOSPITAL, THE ORGANIZATION WILL CONTINUE TO OPERATE HOSPITAL SERVICES IN KEOKUK, IOWA, WITH THE GOAL OF INCREASING ACCESS TO HEALTHCARE FOR THE LOCAL COMMUNITY. FUTURE PROGRAM ACTIVITIES WILL FOCUS ON MAINTAINING AND EXPANDING HOSPITAL OPERATIONS, ENSURING CONTINUITY OF CARE, AND SUPPORTING COMMUNITY HEALTH NEEDS.

    Revenue $5,197

As filed on the 2024 return.

Listed in Part VII

  • Dr Rany Aburashed

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Atiq Nakrawala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amjad Quadri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Baseer Tajuddin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jawad Shah

    CEO - IRI

    Total calculated
    $0
    Hours/week
    1 + 4 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.

Grants on this return

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202632299349301853

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