Ivinson Memorial Hospital

Nonprofit profile at a glance

EIN
300975387
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Laramie, WY, USA
Phone
3077422141
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Hospital, General

Official website

Reported finances

Revenue
$190,552,351
Expenses
$144,924,448
Assets
$468,345,646
Liabilities
$25,322,886

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • DOUG FAUS (CEO)

Highest reported compensation

  • BURK YOUNG MD (PHYSICIAN): $1,028,341 total reported compensation
  • BAILEY JOHNSON MD (PHYSICIAN): $746,683 total reported compensation
  • JOHN ULLRICH MD (PHYSICIAN): $580,963 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Trusted partners in world-class healthcare. Building trust with our patients and with each other.

What it reported doing in 2024

Ivinson memorial hospital serves the residents of albany county, Wyoming and the surrounding area. Laramie is the largest city in the service area with a population of approximately 32,000. The services provided to the community are behavioral health (inpatient), cardiac rehab, cardiopulmonary, chaplain, dialysis, discharge planning / social services, emergency services, infection control, inpatient acute care, intensive care unit, ivinson medical group, lab (anatomic / clinical), nutritional counseling, ob/gyn, oncology, pediatrics, pharmacy, radiation therapy, radiology / diagnostic imaging, radiology - mri, radiology - ct, radiology - nuclear medicine, radiology - mammography, rehab - physical / occupational therapy, sleep lab, speech pathology - inpatient (including swing beds)/ outpatient, surgery services, and ultrasound.for the year ended june 30, 2025, imh had the following statistics: admissions - 2,098emergency visits - 12,686urgent care - 7,305outpatient visits - 96,396clinic visits - 58,198imh also provided $3,837,405.00 in charity care for the year ended june 30, 2025.ivinson memorial hospital received multiple awards and recognitions demonstrating its commitment to quality care, operational excellence and community trust. Nationally, the hospital was named one of the 313 quietest hospitals by becker's hospital review, based on standardized patient survey results reflecting superior inpatient experience in hospital quietness. Ivinson also earned the supply chains of distinction award from global healthcare exchange, recognizing outstanding performance and innovation in healthcare supply chain management across north america. In addition, the hospital received laboratory accreditation from the joint commission, earning the gold seal of approval for meeting rigorous national standards for quality and patient safety in laboratory services, and was recognized as a top 100 rural and community hospital by the chartis center for rural health, highlighting excellence in clinical and operational performance. Locally, ivinson received 2024 laramie's best of the best awards in the following categories: best audiology/hearing clinic, best family practice, and best women's health services, and in 2025, ivinson was named business of the year by the laramie chamber business alliance, celebrating excellence in entrepreneurship, innovation, and community impact.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 96
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.6%; rating input score 63
  • Program expense ratio: 84.5%; rating input score 84
  • Fundraising efficiency: $21.83 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 92.9%; rating input score 93; 42nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 23.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 3.23; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 9.8% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 62.6% of revenue deployed · 84.5% of spending went to programs
  • Governance: 13 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $122.4M in reported program spending
  • Leadership: top reported pay $1M · 23 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.3M reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.