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Stewart Memorial Community Hospital

Lake City, IA · EIN 42-0860039 · 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

Stewart Memorial Community Hospital reported $46.5 million in revenue and $40.4 million in expenses for calendar year 2024. Of every $100 it spent, $83.54 went to program services, $15.80 to management and general costs and $0.66 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.3% of the total. The highest compensation it reported for one person was $981,079 (Family Medicine). 28 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 $40M

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 $46M

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)
83.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
15.8%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.7%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.21$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.7%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
1.1%0.1%
Program service revenue share
Part VIII 2g ÷ 12
96.3%93.7%
Highest reported compensation
Part VII-A, columns D–F
$981,079$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.43%1.34%
People paid over $100,000
Part VII, line 2
2827
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.56.6
Independent voting board members
Part VI 1a–1b
7 of 888.9%

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
$21M expenses · 62.9% of program spending · revenue $25M

Stewart Memorial Community Hospital is a 20-bed Critical Access Hospital that also operates 4 Rural Health Clinics. Stewart Memorial employs 14 Family Practice providers, 3 behavioral health provider, 2 General Surgeons and 3 CRNAs. Besides offering 24/7 Emergency Room services, Stewart Memorial also provides general Radiology, CT Scans, Ultrasound, Mobile MRI, Nuclear Scans, Laboratory, Blood Administration, Cardiac Rehabilitation, EKGs, Respiratory Therapy, Physical Therapy, Occupational Therapy, Speech Therapy, Operating Room, Pharmacy, Infusions and Obstetrics. During 2024, Stewart…

$7.9M expenses · 23.4% of program spending · revenue $9.7M

Stewart Memorial Community Hospital owns and operates Rural Health Clinics in the communities of Lake City, Gowrie, Lake View and Rockwell City. We employ 19 providers which are composed of physicians, physician assistants and nurse practitioners. They provide medical professional services to members of these communities and surrounding areas in a designated Health Professional Shortage Area

$2.4M expenses · 7.0% of program spending · revenue $5.8M

The laboratory department provides inpatient, outpatient and emergency testing for patients of Stewart Memorial Community Hospital. It also provide services to the McCrary-Rost Clinic in Lake City. Reagent and salary costs of personnel account for the majority of the department's expenses

$2.2M all other programs (line 4d)

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
Family Medicine
Highest compensated employee, 40.00 hrs/week
$909,715$0$71,364$981,079
Medical Counsel
Director/trustee, 40.00 hrs/week
$577,666$0$66,202$643,868
General Surgery
Highest compensated employee, 40.00 hrs/week
$528,819$0$47,385$576,204
General Surgery
Highest compensated employee, 40.00 hrs/week
$506,533$0$44,382$550,915
Family Medicine
Highest compensated employee, 40.00 hrs/week
$450,609$0$35,792$486,401
Pain Solutions, General Surgery
Highest compensated employee, 40.00 hrs/week
$293,447$0$42,028$335,475
CFO
Officer, 40.00 hrs/week
$184,612$0$40,067$224,679

28 people received more than $100,000 in reportable compensation from Stewart Memorial Community Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $869K (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$20M$40M$60M$80M201920202021202220232024$46M$40M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$46M$40M83.5%$25M$981,079
2023 ⓘ$39M$37M85.9%$19M$1,053,591
2022 ⓘ$33M$32M87.2%$17M$980,751
2021 ⓘ$34M$30M87.3%$16M$961,132
2020 ⓘ$30M$28M89.7%$12M$851,276
2019 ⓘ$33M$31M90.1%$9.6M$809,936

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–1b8 · 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 26Yes
  • 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 5317
  • Volunteers Part I, line 638

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Anatomy IT
IT Outsourcing & Management
$792,046
FocusOne Solutions LLC
Locum Tenens Services
$434,873
UnityPoint Health
Management Services
$331,724
Shared Medical Services LLC
Mobile MRI Services
$298,512
Wapiti Medical Staffing
ER Locum Tenens
$273,023

Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Stewart Memorial Community Hospital totaling $102 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 Stewart Memorial Community Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Stewart Memorial Community Hospital, you can publish a response that is linked from this page.

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Questions people ask

How much of Stewart Memorial Community Hospital's spending goes to programs?

In calendar year 2024, Stewart Memorial Community Hospital reported that 83.5% of its $40.4 million in expenses went to program services, 15.8% to management and general and 0.7% to fundraising (Form 990, Part IX).

How much does Stewart Memorial Community Hospital pay its top executive?

The largest total compensation Stewart Memorial Community Hospital reported for one person in calendar year 2024 was $981,079, for the role of Family Medicine (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Stewart Memorial Community Hospital get its money?

Of $46.5 million in revenue in calendar year 2024, 2.7% came from contributions and grants (including 1.1% from government grants) and 96.3% from program service revenue (Form 990, Part VIII).

Is Stewart Memorial Community Hospital a registered charity?

The IRS lists EIN 42-0860039 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 202513169349305931 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403189349306415 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343149349301854 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202202909349301700 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123009349300947 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033149349301518 · read the filing

All filings for EIN 42-0860039: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.