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Allen Memorial Hospital Corporation

Waterloo, IA · EIN 42-0698265 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Allen Memorial Hospital Corporation reported $443.1 million in revenue and $414.5 million in expenses for calendar year 2024. Of every $100 it spent, $95.75 went to program services, $4.25 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: 93.1% of the total. The highest compensation it reported for one person was $1,240,734 (PHYSICIAN- RADIOLOGY). 240 people received more than $100,000 in reportable compensation. Revenue rose 43% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $414M

For 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

Calendar year 2024 · Form 990, Part VIII · total revenue $443M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
95.7%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
4.3%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
4.4%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
3.9%0.1%
Program service revenue share
Part VIII 2g ÷ 12
93.1%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,240,734$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.30%1.34%
People paid over $100,000
Part VII, line 2
24027
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
8.06.6
Independent voting board members
Part VI 1a–1b
4 of 988.9%

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

2024 · Form 990, Part III · the three largest programs by expense
$360M expenses · 90.7% of program spending · grants $27M · revenue $413M

Health-care services`Allen Memorial Hospital Corporation is an important element of the health-care delivery system that the greater cedar valley communities rely on every day. It is committed to providing quality health-care and to using its resources to the greatest community benefit. Allen Memorial hosptial corporation provides inpatient and outpatient medical services to treat individuals with diseases, illness and injuries with varying complexities. It provides services to improve the health of patients and to better their quality of life. All services are provided regardless of an…

$37M expenses · 9.3% of program spending · grants $11M

Charity care, means-tested programs and other community benefitscharity care and means-tested programs: Allen Memorial Hospital Corporation provides charity care and other means-tested programs with the goal to improve the community's overall health and access to care. This includes health-care services regardless of the patient's insurance coverage or financial status. Charity care and partial to full financial assistance is provided to patients on a case-by-case basis. Charity care was made available at a value of $1,947,313 in 2024. Often times, Allen Memorial Hospital Corporation receives…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PHYSICIAN- RADIOLOGY
Highest compensated employee, 40.00 hrs/week
$1,188,407$0$52,327$1,240,734
PHYSICIAN- RADIOLOGY
Highest compensated employee, 40.00 hrs/week
$1,168,359$0$44,391$1,212,750
PHYSICIAN- RADIOLOGY
Highest compensated employee, 40.00 hrs/week
$1,002,118$0$28,824$1,030,942
FORMER PRESIDENT/CEO
Former, 0.00 hrs/week
$0$798,296$136,439$934,735
PHYSICIAN- UROLOGY
Highest compensated employee, 40.00 hrs/week
$877,451$0$18,569$896,020
PHYSICIAN- UROLOGY
Highest compensated employee, 40.00 hrs/week
$789,169$0$52,327$841,496
FORMER CHIEF NURSING OFFICER
Former, 0.00 hrs/week
$0$560,016$106,610$666,626
BOARD MEMBER
Director/trustee, 1.00 hrs/week
$0$589,098$54,228$643,326

240 people received more than $100,000 in reportable compensation from Allen Memorial Hospital Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800M201920202021202220232024$443M$414M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$443M$414M95.7%$275M$1,240,734
2023 ⓘ$372M$381M94.5%$244M$1,204,814
2022 ⓘ$328M$340M93.5%$243M$1,170,754
2021 ⓘ$309M$302M92.1%$281M$1,432,850
2020 ⓘ$305M$293M92.1%$279M$1,470,151
2019 ⓘ$310M$286M91.6%$254M$1,355,656

Governance answers, as filed

2024 · 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–1b9 · 4 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 15aYes
  • 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 4No
  • 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 52,813
  • Volunteers Part I, line 6304

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
AMN HEALTHCARE
Healthcare staffing
$8,510,089
HOT SHOTS NM LLC
Medical services
$1,914,477
CHG COMPANIES INC
Healthcare staffing
$1,424,940
ENCORE MEDICAL LP
Medical services
$1,412,498
CEDAR VALLEY MEDICAL SPECIALIST
Medical services
$1,190,852

Individuals listed as contractors are left out. 43 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to Allen Memorial Hospital Corporation totaling $12,537 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Allen Memorial Hospital Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Allen Memorial Hospital Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of Allen Memorial Hospital Corporation's spending goes to programs?

In calendar year 2024, Allen Memorial Hospital Corporation reported that 95.7% of its $414.5 million in expenses went to program services, 4.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Allen Memorial Hospital Corporation pay its top executive?

The largest total compensation Allen Memorial Hospital Corporation reported for one person in calendar year 2024 was $1,240,734, for the role of PHYSICIAN- RADIOLOGY (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Allen Memorial Hospital Corporation get its money?

Of $443.1 million in revenue in calendar year 2024, 4.4% came from contributions and grants (including 3.9% from government grants) and 93.1% from program service revenue (Form 990, Part VIII).

Is Allen Memorial Hospital Corporation a registered charity?

The IRS lists EIN 42-0698265 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

  • 2024: Form 990 for calendar year 2024, object 202533189349305088 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413199349309666 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349307759 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203189349305865 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113169349311071 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013189349307506 · read the filing

All filings for EIN 42-0698265: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.