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Loring Hospital

Sac City, IA · EIN 42-1418132 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Loring Hospital reported $25.1 million in revenue and $18.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.48 went to program services, $20.52 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: 87.0% of the total. The highest compensation it reported for one person was $260,624 (CONTRACT CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 67% 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 $19M

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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $25M

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

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
79.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
20.5%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
7.1%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
4.1%0.1%
Program service revenue share
Part VIII 2g ÷ 12
87.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$260,624$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.38%1.34%
People paid over $100,000
Part VII, line 2
527
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
20.16.6
Independent voting board members
Part VI 1a–1b
11 of 1188.9%

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 expense
$13M expenses · 85.8% of program spending · revenue $17M

Loring Hospital is an important element of the health-care delivery system that the sac county community relies on every day. It is committed to providing quality healthcare and to using its resources to the greatest community benefit. The hospital 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, creed, sex, nationality, handicap, age, or ability to…

$2.1M expenses · 14.2% of program spending · revenue $4.9M

Loring Hospital provides charity care and other means-tested programs with the goal to improve the community's overall health and access to care. This includes healthcare 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 to patients at a value of $99,833. Oftentimes, the hospital receives payments from payors or patients that are less than it charges for services. The hospital participates in medicaid and other government-sponsored…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CONTRACT CEO
Officer, 40.00 hrs/week
$0$260,624$0$260,624
PHARMACIST
Highest compensated employee, 40.00 hrs/week
$174,445$0$26,328$200,773
CFO
Highest compensated employee, 40.00 hrs/week
$158,579$0$26,066$184,645
IT DIRECTOR
Highest compensated employee, 40.00 hrs/week
$116,969$0$24,766$141,735
PHYSICAL THERAPIST
Highest compensated employee, 40.00 hrs/week
$117,057$0$24,567$141,624
RN
Highest compensated employee, 40.00 hrs/week
$111,545$0$24,615$136,160

5 people received more than $100,000 in reportable compensation from Loring Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $679K (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$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$25M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$25M$19M79.5%$32M$260,624
FY2024 ⓘ$22M$18M77.6%$25M$235,000
FY2023 ⓘ$18M$17M83.1%$22M$183,609
FY2022 ⓘ$18M$16M82.7%$20M$173,751
FY2021 ⓘ$19M$14M82.6%$18M$167,658
FY2020 ⓘ$15M$13M82.8%$14M$157,840

Governance 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–1b11 · 11 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 5140
  • Volunteers Part I, line 6264

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
WAPITI MEDICAL GROUP
Emergency room physician services
$1,543,534
CDW
Medical it solutions
$1,004,072
UNITYPOINT HEALTH
Management services
$946,114
BUENA VISTA ANESTHESIA
Crna services
$454,020
DREES COMPANY
Repair and maintenance services
$439,300

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Loring 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 Loring Hospital, you can publish a response that is linked from this page.

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Questions people ask

How much of Loring Hospital's spending goes to programs?

In the fiscal year ending June 30, 2025, Loring Hospital reported that 79.5% of its $18.9 million in expenses went to program services, 20.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Loring Hospital pay its top executive?

The largest total compensation Loring Hospital reported for one person in the fiscal year ending June 30, 2025 was $260,624, for the role of CONTRACT CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Loring Hospital get its money?

Of $25.1 million in revenue in the fiscal year ending June 30, 2025, 7.1% came from contributions and grants (including 4.1% from government grants) and 87.0% from program service revenue (Form 990, Part VIII).

Is Loring Hospital a registered charity?

The IRS lists EIN 42-1418132 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 202630349349301238 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510349349300926 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440329349301684 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349314294 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240829349300144 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141259349302919 · read the filing

All filings for EIN 42-1418132: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.