Grinnell Regional Medical Center
Grinnell Regional Medical Center reported $71.5 million in revenue and $67.4 million in expenses for calendar year 2024. Of every $100 it spent, $95.06 went to program services, $4.94 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: 95.0% of the total. The highest compensation it reported for one person was $625,264 (MARKET PRESIDENT (FR 01/24)). 46 people received more than $100,000 in reportable compensation. Revenue rose 49% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $67MFor 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 $72MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.9% | 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 | 2.8% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.5% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $625,264 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.93% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 46 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 14 | 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
2024 · Form 990, Part III · the three largest programs by expenseHealth-care servicesgrinnell Regional Medical Center is an important element of the health-care delivery system that the grinnell communities rely on every day. It is committed to providing quality health care and to using its resources to the greatest community benefit. Grinnell Regional Medical Center 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 individual's race…
Charity care, means-tested programs and other community benefitscharity care and means-tested programs: Grinnell Regional Medical Center 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 $230,075 in 2024. Oftentimes, Grinnell Regional Medical Center receives payments…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| MARKET PRESIDENT (FR 01/24) Director/trustee, 1.00 hrs/week | $0 | $536,925 | $88,339 | $625,264 |
| MARKETING & BUS DEV-C (TO 06/24) Director/trustee, 1.00 hrs/week | $0 | $446,539 | $32,342 | $478,881 |
| FRMR CEO (TO 10/23) Former, 0.00 hrs/week | $0 | $395,490 | $71,871 | $467,361 |
| ANESTHESIOLOGY Highest compensated employee, 40.00 hrs/week | $303,389 | $0 | $38,486 | $341,875 |
| BOARD MEMBER Director/trustee, 1.00 hrs/week | $0 | $275,628 | $47,489 | $323,117 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $299,761 | $0 | $15,778 | $315,539 |
| ANESTHESIOLOGY Highest compensated employee, 40.00 hrs/week | $282,446 | $0 | $26,337 | $308,783 |
| BOARD MEMBER Director/trustee, 40.00 hrs/week | $222,515 | $0 | $33,741 | $256,256 |
46 people received more than $100,000 in reportable compensation from Grinnell Regional Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $604K (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
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–1b14 · 8 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 5426
- Volunteers Part I, line 68
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Grinnell Regional Medical Center totaling $16 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 Grinnell Regional Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Grinnell Regional Medical Center, you can publish a response that is linked from this page.
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Of every $100 Grinnell Regional Medical Center spent in 2024, $95.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Advocate Aurora HealthOak Brook, IL · revenue $71M · 2024
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Questions people ask
How much of Grinnell Regional Medical Center's spending goes to programs?
In calendar year 2024, Grinnell Regional Medical Center reported that 95.1% of its $67.4 million in expenses went to program services, 4.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Grinnell Regional Medical Center pay its top executive?
The largest total compensation Grinnell Regional Medical Center reported for one person in calendar year 2024 was $625,264, for the role of MARKET PRESIDENT (FR 01/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Grinnell Regional Medical Center get its money?
Of $71.5 million in revenue in calendar year 2024, 2.8% came from contributions and grants (including 1.5% from government grants) and 95.0% from program service revenue (Form 990, Part VIII).
Is Grinnell Regional Medical Center a registered charity?
The IRS lists EIN 42-0933383 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 202513179349311966 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349309708 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349307122 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349307817 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133179349302148 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033199349301618 · read the filing
All filings for EIN 42-0933383: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.