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Sioux Valley Memorial Hospital Assocation

Also known as Cherokee Regional Medical Center

Cherokee, IA · EIN 42-0707096 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Sioux Valley Memorial Hospital Assocation reported $67.8 million in revenue and $60.7 million in expenses for calendar year 2025. Of every $100 it spent, $86.35 went to program services, $13.65 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: 94.8% of the total. The highest compensation it reported for one person was $748,555 (DO). 27 people received more than $100,000 in reportable compensation. Revenue rose 90% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $61M

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 2025 · Form 990, Part VIII · total revenue $68M

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

2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
86.4%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
13.6%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
3.7%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
2.2%0.1%
Program service revenue share
Part VIII 2g ÷ 12
94.8%93.7%
Highest reported compensation
Part VII-A, columns D–F
$748,555$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.23%1.34%
People paid over $100,000
Part VII, line 2
2727
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
22.46.6
Independent voting board members
Part VI 1a–1b
7 of 788.9%

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

2025 · Form 990, Part III · the three largest programs by expense
$52M expenses · 100.0% of program spending · grants $94,495 · revenue $64M

The organization is a critical access hospital with 25 acute beds. The organization provides acute and ancillary services to individuals in inpatient and outpatient settings. In addition, the organization operates several physician clinics, a wellness center, and provides senior housing services. During 2025, the organization provided over 72,000 outpatient visits, 4,900 emergency room visits, 33,000 clinic visits, and 85 births

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
DO
Highest compensated employee, 40.00 hrs/week
$702,542$0$46,013$748,555
MD
Highest compensated employee, 40.00 hrs/week
$664,008$0$44,781$708,789
MD
Highest compensated employee, 40.00 hrs/week
$556,200$0$51,833$608,033
MD
Highest compensated employee, 40.00 hrs/week
$548,789$0$28,405$577,194
MD
Highest compensated employee, 40.00 hrs/week
$413,532$0$14,360$427,892
CFO
Officer, 39.00 hrs/week
$183,658$0$29,104$212,762
CNO
Key employee, 40.00 hrs/week
$152,890$0$39,144$192,034
VP OF HR
Key employee, 40.00 hrs/week
$158,457$0$29,811$188,268

27 people received more than $100,000 in reportable compensation from Sioux Valley Memorial Hospital Assocation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M2019202020212022202320242025$68M$61M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$68M$61M86.4%$113M$748,555
2024 ⓘ$61M$57M87.0%$102M$745,267
2023 ⓘ$56M$50M95.9%$82M$687,420
2022 ⓘ$49M$46M95.9%$74M$675,247
2021 ⓘ$53M$42M95.6%$74M$655,283
2020 ⓘ$44M$38M94.7%$63M$597,352
2019 ⓘ$36M$33M95.2%$55M$568,224

Governance answers, as filed

2025 · 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–1b7 · 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 11aNo
  • 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 5396
  • Volunteers Part I, line 631

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
WA KLINGER
General contractor
$5,327,814
NOVUS IOWA PROF CORP
Anesthesia coverage
$1,652,429
UNITYPOINT HEALTH
Management and other services
$1,268,538
LOCUM TENENS
Obgyn coverage
$878,912
DAVIS DESIGN
Architect
$871,941

Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.

Correct a figure or respond

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

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Questions people ask

How much of Sioux Valley Memorial Hospital Assocation's spending goes to programs?

In calendar year 2025, Sioux Valley Memorial Hospital Assocation reported that 86.4% of its $60.7 million in expenses went to program services, 13.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Sioux Valley Memorial Hospital Assocation pay its top executive?

The largest total compensation Sioux Valley Memorial Hospital Assocation reported for one person in calendar year 2025 was $748,555, for the role of DO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Sioux Valley Memorial Hospital Assocation get its money?

Of $67.8 million in revenue in calendar year 2025, 3.7% came from contributions and grants (including 2.2% from government grants) and 94.8% from program service revenue (Form 990, Part VIII).

Is Sioux Valley Memorial Hospital Assocation a registered charity?

The IRS lists EIN 42-0707096 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, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202642519349300109 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202533039349302303 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202433209349304368 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349314384 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213189349304061 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202122959349300742 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013149349304216 · read the filing

All filings for EIN 42-0707096: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.