Great River Health
Legal name: Henry County Health Center Inc
Nonprofit profile at a glance
- EIN
- 862701018
- IRS 990 coverage
- 2021–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Mt Pleasant, IA, USA
- Phone
- 319.768.4100
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $70,038,470
- Expenses
- $73,749,001
- Assets
- $47,511,032
- Liabilities
- $33,795,712
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DR MICHAEL MCCOY (PRESIDENT)
- TERESA COLGAN (CEO)
Highest reported compensation
- DR MICHAEL MCCOY (PRESIDENT): $1,136,923 total reported compensation
- JEREMY ALEXANDER (CFO): $749,117 total reported compensation
- TERESA COLGAN (CEO): $553,203 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the health and well-being of the communities we serve.
What it reported doing in 2024
Henry county health center, inc., has entered into a hospital lease agreement where it leases all of the facilities and operations, except the ambulance service, of henry county soldiers and sailors memorial hospital, a county hospital organized under Iowa code chapter 347. Henry county health center, inc. Manages and operates health care organizations, including operating the 74-bed critical access hospital that features 25 acute care beds along with a 49-bed long-term care facility, park place. Henry county health center, inc. Also manages andoperates a clinical/group practice located on the grounds of the hospital and rural health clinics in the surrounding rural communities and provides community health education for the community.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 68
- Accountability: 92
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 81.4%; rating input score 81
- 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: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 32nd 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: -5.3%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: 18% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 19.8% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 39.4% per year; rating input score 100; 98th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 85.4% of revenue deployed · 81.4% of spending went to programs
- Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $60.1M in reported program spending
- Leadership: top reported pay $1.1M · 10 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.5M reported
- Consistency: 25 of 25 current checks pass
- Schedules: 8 filed schedules · includes grants and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.