Sartori Memorial Hospital Inc

Nonprofit profile at a glance

EIN
420758901
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Cedar Falls, IA, USA
Phone
3192683000
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$46,954,602
Expenses
$39,950,973
Assets
$60,218,247
Liabilities
$42,822,052

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

Leadership & pay

21 people listed

Highest reported compensation

  • KURT ANDERSEN MD (DIRECTOR AS OF 1/25; PRES CENTRAL IA): $1,931,294 total reported compensation
  • JACK DUSENBERY (FORMER OFFICER): $728,110 total reported compensation
  • MATTHEW SOJKA MD (VP, MEDICAL AFFAIRS): $653,042 total reported compensation

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

Overview

Mission

We, sartori memorial hospital and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Sartori memorial hospital is a member of trinity health.

What it reported doing in 2024

Sartori memorial hospital (mercyone cedar falls) is a 101 bed full-service community hospital providing inpatient and outpatient care to the people living in and near cedar falls, Iowa. Services include 24-hour emergency room and ambulance transportation, intensive care, general medical care, surgery, cardiology care, bariatric program, and ambulatory care. Support services include x-ray, mammography and breast mri, ultrasound, laboratory, respiratory therapy, physical therapy, spiritual care, social services, and nutritional education. The mercyone cedar falls ambulance department serves as the emergency 911 responder for the city of cedar falls.beyond providing exceptional and compassionate health care services daily, mercyone cedar falls extends its healing mission in the community through numerous programs and resources for all including a surgical and non-surgical weight loss management clinic including bariatric surgery to address obesity. Mercyone cedar falls also provides occupational health services, as well as general health education and screenings to improve health disparities in the community. Cedar falls also provides free care-a-van services to patients in cedar falls.please see schedule h and visit our website for additional information about our services and specialties: www.mercyone.org/location/mercyone-cedar-falls-medical-center

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 76
  • Accountability: 59
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 78.6%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 37.5%; rating input score 38; 7th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.9%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.51; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 66.9% of revenue deployed · 78.6% of spending went to programs
  • Governance: 3 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $31.4M in reported program spending
  • Leadership: top reported pay $1.9M · 21 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 309 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.

  • Moderate — Accountability: Independent voting board scored 38/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.