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← ST LUKES HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by ST LUKES HEALTH SYSTEM INC.

Totals

Total revenue
$2,921,998
Total expenses
$1,938,631
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,908,558
Investment income
$13,440
Other revenue
$0
Total assets, end of year
$23,713,318
Total liabilities, end of year
$1,536,831
Net assets or fund balances, end of year
$22,176,487
Program services expenses (Part IX)
$1,938,631
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,938,631

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $2,988,904 · related or exempt $2,988,904

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

    total -$80,346 · related or exempt -$80,346

  • 3 · Investment income

    total $10,536 · excluded $10,536

  • 7a · Gross sales of assets other than inventory

    securities $2,904

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

    securities $0

  • 7c · Gain or loss

    securities $2,904

  • 7d · Net gain or loss

    total $2,904 · excluded $2,904

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $4,831 · program services $4,831

  • 11g · Fees: other

    total $133,032 · program services $133,032

  • 12 · Advertising and promotion

    total $315 · program services $315

  • 13 · Office expenses

    total $10,685 · program services $10,685

  • 16 · Occupancy

    total $1,434,856 · program services $1,434,856

  • 20 · Interest

    total $79,489 · program services $79,489

  • 22 · Depreciation, depletion and amortization

    total $270,240 · program services $270,240

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,294 · program services $3,294

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $1,889 · program services $1,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,315 · end of year $149,884

  • 2 · Savings and temporary cash investments

    beginning of year $58,502 · end of year $88,757

  • 7 · Other notes and loans receivable

    beginning of year $4,384,601 · end of year $4,799,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,510 · end of year $8,356

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

    $22,578,874

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

    $15,878,142

  • 10c · Land, buildings and equipment, net

    beginning of year $6,970,972 · end of year $6,700,732

  • 11 · Investments: publicly traded securities

    beginning of year $32,508 · end of year $94,244

  • 13 · Investments: program-related

    beginning of year $11,803,901 · end of year $11,872,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $420,855 · end of year $596,831

  • 25 · Other liabilities

    beginning of year $1,860,000 · end of year $940,000

  • 27 · Net assets without donor restrictions

    beginning of year $19,918,178 · end of year $20,826,686

  • 28 · Net assets with donor restrictions

    beginning of year $1,125,276 · end of year $1,349,801

Mission and programs · 2024

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE AND THE COMMUNITIES WE SERVE.

  • AFFILIATE SUPPORT SERVICESST. LUKE'S HEALTH SYSTEM IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING NORTHWEST IOWA HOSPITAL CORPORATION (DBA ST. LUKE'S REGIONAL MEDICAL CENTER) AND ST. LUKE'S HEALTH RESOURCES. THE SUPPORT SERVICES PROVIDED TO THESE ORGANIZATIONS ARE TO CONSTRUCT, OWN, LEASE, MANAGE, OPERATE, PROVIDE AND MAINTAIN ANY FACILITIES, PROGRAMS, SERVICES (MANAGEMENT OR OTHERWISE) AND RELATED ACTIVITIES, IN FURTHERANCE OF HEALTH-CARE OR HEALTH EDUCATION. FACILITIES INCLUDE A HOSPITAL, CLINIC FACILITIES, AND OTHER ESTABLISHMENTS CREATED TO CARRY THROUGH HEALTH-CARE AND EDUCATIONAL PROGRAMS. THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH PREVIOUSLY STATED PURPOSES.IN ADDITION, ST. LUKE'S HEALTH SYSTEM IS A CORPORATION CREATED TO HOLD TITLES TO AND MANAGE REAL ESTATE BY COLLECTING INCOME AND PAYING EXPENSES RELATING TO THE USAGE OF THE PROPERTY. ALL OF THE INCOME FROM THE REAL ESTATE IS CONTRIBUTED TO NORTHWEST IOWA HOSPITAL CORPORATION AND ST. LUKE'S HEALTH RESOURCES, 501(C)(3) CORPORATIONS, IN FURTHERANCE OF THEIR MISSIONS.

    Expenses $1,938,631 · Revenue $2,908,558

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

Listed in Part VII

  • Renee Beaulieu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Craig Berenstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dennis Bullock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Carroll Do

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Crone

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hannah Dewald MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Angelo James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Palmer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Garrett Smith

    BOARD MEMBER

    Total calculated
    $14,500
    From this org
    $0
    From related orgs
    $14,500
    Other
    $0
    Hours/week
    1 + 1 related

  • Chad Stadsvold Do

    BOARD MEMBER

    Total calculated
    $623,215
    From this org
    $0
    From related orgs
    $569,853
    Other
    $53,362
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,142 related
    Bonus
    $0
    Other
    $0 + $711 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $36,112 related
    Filer's total
    $0 + $623,215 related

  • Joy Taylor MD To 1024

    BOARD VICE CHAIR

    Total calculated
    $13,440
    From this org
    $0
    From related orgs
    $12,800
    Other
    $640
    Hours/week
    1 + 40 related

  • Beth Trejo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chic Wolfe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jane Arnold

    MARKET PRESIDENT

    Total calculated
    $458,856
    From this org
    $0
    From related orgs
    $385,211
    Other
    $73,645
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,694 related
    Bonus
    $0 + $59,472 related
    Other
    $0 + $6,045 related
    Deferred
    $0 + $46,581 related
    Nontaxable benefits
    $0 + $27,064 related
    Filer's total
    $0 + $458,856 related

  • Leah Knapp

    MARKET VP FINANCE

    Total calculated
    $274,226
    From this org
    $0
    From related orgs
    $226,770
    Other
    $47,456
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,931 related
    Bonus
    $0 + $14,188 related
    Other
    $0 + $31,651 related
    Deferred
    $0 + $10,258 related
    Nontaxable benefits
    $0 + $37,198 related
    Filer's total
    $0 + $274,226 related

  • Wendy Lindley

    MARKET CHIEF NURSING OFFICER

    Total calculated
    $326,540
    From this org
    $0
    From related orgs
    $284,278
    Other
    $42,262
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,102 related
    Bonus
    $0 + $54,636 related
    Other
    $0 + $3,540 related
    Deferred
    $0 + $40,624 related
    Nontaxable benefits
    $0 + $1,638 related
    Filer's total
    $0 + $326,540 related

  • Kari Winklepleck

    PRESIDENT FOUNDATION

    Total calculated
    $215,680
    From this org
    $0
    From related orgs
    $182,373
    Other
    $33,307
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,481 related
    Bonus
    $0 + $25,151 related
    Other
    $0 + $1,741 related
    Deferred
    $0 + $9,423 related
    Nontaxable benefits
    $0 + $23,884 related
    Filer's total
    $0 + $215,680 related

  • Leah Glasgo To 1023

    FORMER INT. PRES/CEO SC

    Total calculated
    $602,275
    From this org
    $0
    From related orgs
    $508,390
    Other
    $93,885
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,920 related
    Bonus
    $0 + $117,380 related
    Other
    $0 + $6,090 related
    Deferred
    $0 + $56,700 related
    Nontaxable benefits
    $0 + $37,185 related
    Filer's total
    $0 + $602,275 related

  • Sarah Marsh To 0923

    FORMER INTERIM VP/CFO

    Total calculated
    $327,192
    From this org
    $0
    From related orgs
    $283,209
    Other
    $43,983
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,597 related
    Bonus
    $0 + $67,884 related
    Other
    $0 + $2,728 related
    Deferred
    $0 + $14,696 related
    Nontaxable benefits
    $0 + $29,287 related
    Filer's total
    $0 + $327,192 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: JANE ARNOLD $32,969; LEAH GLASGO $39,450 AND WENDY LINDLEY $26,549.
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

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.

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

    RELATED · GROUP PURCHASING · IA · 100% owned · share of income $12,022,378 · share of assets $13,072,946 · general or managing partner

    Directly controlled by IOWA HEALTH SYSTEM

  • 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

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • 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
5 November 2025
IRS schema version
2024v5.2
Source object
202513179349308281

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