Catholic Health Initiatives - Iowa Corp
Also known as See Schedule O for List
Catholic Health Initiatives - Iowa Corp reported $1.05 billion in revenue and $1.05 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.94 went to program services, $7.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.7% of the total. The highest compensation it reported for one person was $2,471,013 (DIRECTOR; CEO MERCY HEALTH NETWORK). 865 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $1.05BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $1.05B- Contributions & grants (non-government)$0.35 $3.6M
- Government grants$0.07 $759K
- Program service revenue$95.59 $1.00B
- Other revenue$3.99 $42M
Investment income was negative: −$1.1M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,471,013 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.24% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 865 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 7 of 13 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCatholic Health Initiatives - iowa, corp. (mercyone des moines) is the longest continually operating hospital in des moines and iowa's largest medical center, with 770 beds available. The hospital is one of the midwest's largest referral centers.mercyone des moines has received many accolades for quality care and excellence, both locally and on a national level. Together with community partners, mercyone des moines is focusing its efforts to improve the health of those most in need.please see schedule h and visit our website for additional information about our services and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR; CEO MERCY HEALTH NETWORK Director/trustee, 1.00 hrs/week | $0 | $2,416,873 | $54,140 | $2,471,013 |
| FORMER OFFICER Former, 0.00 hrs/week | $0 | $1,198,272 | $455,195 | $1,653,467 |
| FORMER KEY EMPLOYEE; CCO, MERCYONE Former, 0.00 hrs/week | $0 | $1,091,878 | $90,746 | $1,182,624 |
| CARDIOLOGIST Highest compensated employee, 50.00 hrs/week | $923,283 | $0 | $47,437 | $970,720 |
| CARDIOLOGIST Highest compensated employee, 50.00 hrs/week | $895,879 | $0 | $52,204 | $948,083 |
| CARDIOTHORACIC SURGEON Highest compensated employee, 50.00 hrs/week | $882,212 | $0 | $43,439 | $925,651 |
| CARDIOTHORACIC SURGEON Highest compensated employee, 50.00 hrs/week | $896,658 | $0 | $26,883 | $923,541 |
| CARDIOLOGIST Highest compensated employee, 50.00 hrs/week | $833,076 | $0 | $54,004 | $887,080 |
865 people received more than $100,000 in reportable compensation from Catholic Health Initiatives - Iowa Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 57,996
- Volunteers Part I, line 637
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| GRAHAM CONSTRUCTION CO INC Construction services | $7,141,092 |
| MEDICAL CTR ANESTHESIOLOGISTS Health care services | $6,814,368 |
| CCS CAPTURIS LLC Information technology services | $6,772,349 |
| IOWA ORTHO Health care services | $4,907,085 |
| PRIMARY HEALTH CARE INC Health care services | $3,579,634 |
Individuals listed as contractors are left out. 76 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Catholic Health Initiatives - Iowa Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Catholic Health Initiatives - Iowa Corp, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Catholic Health Initiatives - Iowa Corp spent in FY2025, $92.94 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Geisinger Wyoming Valley Medical CenterDanville, PA · revenue $1.04B · programs 95.0% · 2024
- Aultman Health Foundation Group ReturnCanton, OH · revenue $1.05B · programs 86.2% · 2024
- Variety Children's HospitalMiami, FL · revenue $1.04B · programs 79.9% · 2024
- Atlanticare Health System Inc. - SubordinatesEgg Harbor Township, NJ · revenue $1.05B · programs 90.0% · 2024
- South Miami HospitalMiami, FL · revenue $1.04B · programs 91.3% · FY2025
Questions people ask
How much of Catholic Health Initiatives - Iowa Corp's spending goes to programs?
In the fiscal year ending June 30, 2025, Catholic Health Initiatives - Iowa Corp reported that 92.9% of its $1.05 billion in expenses went to program services, 7.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Catholic Health Initiatives - Iowa Corp pay its top executive?
The largest total compensation Catholic Health Initiatives - Iowa Corp reported for one person in the fiscal year ending June 30, 2025 was $2,471,013, for the role of DIRECTOR; CEO MERCY HEALTH NETWORK (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Catholic Health Initiatives - Iowa Corp get its money?
Of $1.05 billion in revenue in the fiscal year ending June 30, 2025, 0.4% came from contributions and grants (including 0.1% from government grants) and 95.7% from program service revenue (Form 990, Part VIII).
Is Catholic Health Initiatives - Iowa Corp a registered charity?
The IRS lists EIN 42-0680448 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621319349304757 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349300231 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349306417 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311299349301966 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349307749 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141329349301899 · read the filing
All filings for EIN 42-0680448: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.