UnityPoint Health - St. Luke's Hospital

What it reported doing in 2024

Community benefit, including charity carecharity care and means-tested programs: st. Luke's methodist 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 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 to people at a value of $1,833,486 in 2024. Oftentimes, st. Luke's methodist hospital receives payments from payors or patients that are less than it charges for services. St. Luke's methodist hospital participates in medicaid and other government-sponsored health-care programs. St. Luke's methodist hospital's 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: $1,183,486.other benefits: st. Luke's methodist hospital provides several other benefits that assist the community. Programs may 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, and cash and in-kind contributions to community groups. St. Luke's methodist hospital collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. St. Luke's methodist hospital has dedicated staff to assist community benefit efforts. Total other benefits reported value: $ 32,317,251.

Financial Efficiency

• Mission deployment rate: 96.1%; rating input score 96
• Program expense ratio: 94.7%; rating input score 95
• 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: 99.9%; rating input score 100; 46th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 87.5%; rating input score 88; 34th 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: 0.1%; rating input score 32; 32nd percentile among comparable filings
• Total-asset coverage ratio: 1.27; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.26; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings

Growth

• Program expense growth: 4.2% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 17th percentile among comparable filings
• Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings