Central Iowa Hospital Corporation

What it reported doing in 2024

Charity care, means-tested programs and other community benefitscharity care and means-tested programs: central Iowa 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 $6,769,078 in 2024. Oftentimes, central Iowa hospital corporation receives payments from payors or patients that are less than it charges for services. Central Iowa hospital corporation participates in medicaid and other government-sponsored health-care programs. Iowa methodist medical center, Iowa lutheran and methodist west hospitals' net cost of providing care for which it receives payment below its cost is $0 for 2024. Total charity care and means-tested programs reported value: $6,769,078.other benefits: central Iowa hospital corporation provides several other benefits that assist the community. Programs include, but are not limited to, community health improvement services and community benefit operations such as prevention and health screenings; health professional's education; subsidized health services; research, and cash and in-kind contributions to community groups. Central Iowa hospital corporation collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. Central Iowa hospital corporation has dedicated staff to assist community benefit efforts. Total net other benefits reported value: $65,628,628.

Financial Efficiency

• Mission deployment rate: 83.9%; rating input score 84
• Program expense ratio: 94.2%; rating input score 94
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.8%; rating input score 100; 45th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 71.4%; rating input score 71; 22nd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 12.8%; rating input score 78; 78th percentile among comparable filings
• Total-asset coverage ratio: 1.5; rating input score 53; 53rd percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings

Growth

• Program expense growth: 6.3% per year; rating input score 100; 52nd percentile among comparable filings
• Revenue growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings