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Nonprofiteer
← CATHOLIC HEALTH INITIATIVES-IOWA CORP

Form 990 for tax year 2023

Filed by CATHOLIC HEALTH INITIATIVES-IOWA CORP.

Totals

Total revenue
$977,048,225
Total expenses
$1,001,217,765
Contributions and grants received
$7,399,695
Grants paid
$2,809,272
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$959,367,504
Management and general expenses
$41,734,412
Fundraising expenses
$115,849
Program service expenses (Part III)
$959,367,504

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERT RITZ

    DIRECTOR; CEO MERCY HEALTH NETWORK

    Total calculated
    $2,103,598
    From this org
    $0
    From related orgs
    $2,025,160
    Other
    $78,438
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,313,497 related
    Bonus
    $0 + $529,912 related
    Other
    $0 + $181,751 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $58,638 related
    Filer's total
    $0 + $2,103,598 related

  • HIJINIO CARREON DO

    EVP, CMO; COO MERCYONE IA

    Total calculated
    $1,196,065
    From this org
    $0
    From related orgs
    $1,015,275
    Other
    $180,790
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $824,484 related
    Bonus
    $0 + $181,250 related
    Other
    $0 + $9,541 related
    Deferred
    $0 + $146,183 related
    Nontaxable benefits
    $0 + $34,607 related
    Filer's total
    $0 + $1,196,065 related

  • MICHAEL WEGNER

    DIR&PRES MERCYONE CTRL IA THR 12/23

    Total calculated
    $1,084,868
    From this org
    $0
    From related orgs
    $1,018,938
    Other
    $65,930
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $994,809 related
    Bonus
    $0
    Other
    $0 + $24,129 related
    Deferred
    $0 + $23,828 related
    Nontaxable benefits
    $0 + $42,102 related
    Filer's total
    $0 + $1,084,868 related

  • RANDALL RUBIN

    FORMER OFFICER; SVP, CFO THR 6/23

    Total calculated
    $1,023,460
    From this org
    $995,107
    From related orgs
    $0
    Other
    $28,353
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $237,815
    Bonus
    $0
    Other
    $757,292
    Deferred
    $14,868
    Nontaxable benefits
    $13,485
    Filer's total
    $1,023,460

  • MARK TANNENBAUM MD

    CARDIOLOGIST

    Total calculated
    $1,003,530
    From this org
    $932,482
    From related orgs
    $0
    Other
    $71,048
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $847,765
    Bonus
    $74,263
    Other
    $10,454
    Deferred
    $38,550
    Nontaxable benefits
    $32,498
    Filer's total
    $1,003,530

  • ATUL CHAWLA MD

    CARDIOLOGIST

    Total calculated
    $986,465
    From this org
    $915,526
    From related orgs
    $0
    Other
    $70,939
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $837,273
    Bonus
    $74,263
    Other
    $3,990
    Deferred
    $45,350
    Nontaxable benefits
    $25,589
    Filer's total
    $986,465

  • MUDASSIR MALIK MD

    CARDIOLOGIST

    Total calculated
    $971,796
    From this org
    $898,551
    From related orgs
    $0
    Other
    $73,245
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $823,053
    Bonus
    $74,263
    Other
    $1,235
    Deferred
    $40,825
    Nontaxable benefits
    $32,420
    Filer's total
    $971,796

  • AARON FROM MD

    CARDIOLOGIST

    Total calculated
    $962,148
    From this org
    $897,175
    From related orgs
    $0
    Other
    $64,973
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $821,692
    Bonus
    $74,263
    Other
    $1,220
    Deferred
    $40,825
    Nontaxable benefits
    $24,148
    Filer's total
    $962,148

  • DAVID HOCKMUTH MD

    CARDIOTHORACIC SURGEON

    Total calculated
    $949,550
    From this org
    $876,843
    From related orgs
    $0
    Other
    $72,707
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $856,866
    Bonus
    $8,888
    Other
    $11,089
    Deferred
    $46,206
    Nontaxable benefits
    $26,501
    Filer's total
    $949,550

  • KURT ANDERSEN

    DIR& INT PRES MERCYONE IA AS OF 1/24

    Total calculated
    $902,193
    From this org
    $0
    From related orgs
    $751,107
    Other
    $151,086
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,456 related
    Bonus
    $0 + $107,625 related
    Other
    $0 + $43,026 related
    Deferred
    $0 + $110,329 related
    Nontaxable benefits
    $0 + $40,757 related
    Filer's total
    $0 + $902,193 related

  • NEIL HORNING MD

    DIRECTOR;PULMONOLOGIST CRITICAL CARE

    Total calculated
    $788,497
    From this org
    $727,222
    From related orgs
    $0
    Other
    $61,275
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $624,123
    Bonus
    $100,000
    Other
    $3,099
    Deferred
    $35,162
    Nontaxable benefits
    $26,113
    Filer's total
    $788,497

  • MICHAEL FRAIZER MD

    DIRECTOR; CARDIOLOGIST

    Total calculated
    $714,930
    From this org
    $650,098
    From related orgs
    $0
    Other
    $64,832
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $573,941
    Bonus
    $74,263
    Other
    $1,894
    Deferred
    $36,922
    Nontaxable benefits
    $27,910
    Filer's total
    $714,930

  • ERIN NETTELAND-SANDVIG DO

    DIRECTOR; PHYSICIAN FAMILY MEDICINE

    Total calculated
    $578,805
    From this org
    $517,102
    From related orgs
    $0
    Other
    $61,703
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $487,689
    Bonus
    $28,359
    Other
    $1,054
    Deferred
    $32,693
    Nontaxable benefits
    $29,010
    Filer's total
    $578,805

  • JODIE ROETTGER

    VP FIN & CFO MERCYONE IA 7/23-12/23

    Total calculated
    $548,515
    From this org
    $0
    From related orgs
    $503,397
    Other
    $45,118
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,006 related
    Bonus
    $0 + $72,000 related
    Other
    $0 + $4,391 related
    Deferred
    $0 + $23,235 related
    Nontaxable benefits
    $0 + $21,883 related
    Filer's total
    $0 + $548,515 related

  • STEPHEN NOWAK DO

    DIRECTOR; PHYSICIAN FAMILY MEDICINE

    Total calculated
    $54,810
    From this org
    $54,810
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 19 related

  • MONICA FRIEDMAN

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THERESA MCCONEGHEY

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GLEN HALL

    DIRECTOR; SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERRY LILLIS

    DIRECTOR; TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EMILY ABBAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRENDA CUSHING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PATRICIA MCDERMOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIMOTHY MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER NELSON PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MAURITA SOUKUP RSM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • VANESSA FREITAG

    CHIEF OPERATING OFFICER AS OF 4/24

    Total calculated
    $0
    Hours/week
    47 + 3 related

  • TERRI DONOVAN PD BY MGMT CO

    CONSULTANT THR12/23; INT VP FIN 1/24

    Total calculated
    $0
    Hours/week
    1 + 49 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 3
MERCYONE DES MOINES IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. MERCYONE DES MOINES' PRESIDENT IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF MERCYONE DES MOINES' PRESIDENT: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2023. THIS AMOUNT IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: RANDALL RUBIN - $751,001 THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2023, AND THEIR NON-VESTED BENEFITS FOR 2023 WERE ACCRUED. THE FOLLOWING PAYOUTS FOR 2023 FOR THE PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: ROBERT RITZ - $140,431 THE FOLLOWING ACCRUALS FOR 2023 ARE INCLUDED IN COLUMN C OF SCHEDULE J, PART II: KURT ANDERSEN - $93,019 HIJINIO CARREON, DO - $116,000 THE FOLLOWING INDIVIDUAL PARTICIPATES IN A SUPPLEMENTAL ROTH INDEXED UNIVERSAL LIFE (IUL) PLAN IN 2023 SPONSORED BY MERCYONE GENESIS. MERCYONE GENESIS MAKES AN ANNUAL CONTRIBUTION TO THE IUL ON BEHALF OF THE PARTICIPANT. THE FOLLOWING AMOUNT RELATED TO THIS BENEFIT IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: KURT ANDERSEN - $30,531 THE FOLLOWING IS A PARTICIPANT IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($330,000 FOR 2023). JODIE ROETTGER THERE WAS NO PAYOUT FOR 2023 FOR THIS PARTICIPANT.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MERCY HEALTH NETWORK ACO LLC

    ACCOUNTABLE CARE ORGANIZATION · IA · income $0 · assets $0

    Directly controlled by CATHOLIC HEALTH INITIATIVES - IOWA CORP

  • MERCY ACO LLC

    ACCOUNTABLE CARE ORGANIZATION · IA · income $44,445,186 · assets $13,037,338

    Directly controlled by CATHOLIC HEALTH INITIATIVES - IOWA CORP

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349300231

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