Non-profit hospitals in Iowa: revenue, profit and executive pay
What 50 non-profit hospital organizations covering 51 Iowa hospitals reported to the IRS on their public Form 990: how much they took in, what they spent and what they paid their leaders.
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Non-profit hospital organizations
50 organizations
They file for 51 Iowa hospitals listed on this site and together reported $7.4 billion in revenue.
Took in more than they spent
60%
30 reported a surplus and 20 a deficit. The typical margin (surplus as a share of revenue) was 2.9%, against 2.9% nationally.
Largest non-profit hospitals in Iowa
By total revenue on the latest Form 990. The percentage is the margin: how much of each dollar was left after expenses.
Central Iowa Hospital Corporation
Des Moines
$1.2 billion
Margin 10.9% · Dec 2023
Catholic Health Initiatives-iowa Corp
Des Moines
$896.6 million
Margin -7.3% · Jun 2023
Mercy Health Services Iowa Corp
Mason City
$881.2 million
Margin -9.8% · Jun 2023
Genesis Health System
Davenport · 2 hospitals in Iowa
$566.6 million
Margin -10.5% · Jun 2023
St Lukes Methodist Hospital
Cedar Rapids
$477.1 million
Margin 1.2% · Dec 2023
Mercy Medical Center
Cedar Rapids
$435.7 million
Margin -4.7% · Jun 2023
Every non-profit hospital organization in Iowa
One row per Form 990 filing, with the Iowa hospitals it covers. Click a column to sort. Officer pay is the total for all current officers, directors, trustees and key employees together, not one person.
Surplus is revenue minus expenses; a negative figure is a deficit. Net assets are what the organization owns minus what it owes. When a health system files one return for several hospitals, the figures are the system's totals, which may include hospitals in other states.
How Iowa compares with the U.S.
The typical non-profit hospital organization in Iowa kept 2.9% of its revenue after expenses, higher than the national median of 2.9%.
| Measure | Iowa | United States |
|---|---|---|
| Median margin | 2.9% | 2.9% |
| Share with a surplus | 60% | 65% |
| Median revenue | $38.8 million | $124.0 million |
| Median officer pay (total) | $482,000 | $1.3 million |
Questions about non-profit hospitals in Iowa
What are the largest non-profit hospitals in Iowa?
By revenue on their latest IRS Form 990: Central Iowa Hospital Corporation ($1.2 billion), Catholic Health Initiatives-iowa Corp ($896.6 million), Mercy Health Services Iowa Corp ($881.2 million), Genesis Health System ($566.6 million), St Lukes Methodist Hospital ($477.1 million). Some of these filings cover a whole health system, including hospitals in other states.
How much do non-profit hospitals in Iowa make?
The 50 non-profit hospital organizations we matched in Iowa reported $7.4 billion in combined revenue on their latest Form 990. 30 reported a surplus (more revenue than expenses) and 20 a deficit. The typical (median) margin was 2.9%, higher than the U.S. median of 2.9%.
Which non-profit hospital in Iowa pays its officers the most?
Central Iowa Hospital Corporation reported the highest total: $5.8 million. That is the combined pay of all its current officers, directors, trustees and key employees, not one person. Pay for each named executive is in the full filing.
Do non-profit hospitals in Iowa pay taxes?
Non-profit hospitals are exempt from federal income tax and usually from state and local property and sales taxes. In return they are expected to provide community benefits, such as charity care, and must file a public Form 990 with the IRS each year.
Iowa hospital finances (Medicare cost reports)
All hospitals in Iowa
Who owns hospitals
Non-profit hospitals in every state
Source: IRS Form 990 data (Exempt Organizations Business Master File and SOI annual extracts). Organizations are matched to hospitals by legal name and address. Figures are as filed for the latest available tax year. For-profit and government hospitals don't file a Form 990, so they are not listed. About the data.