Trinity Regional Medical Center
Nonprofit profile at a glance
- EIN
- 421009175
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fort Dodge, IA, USA
- Phone
- 5155746607
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $205,972,446
- Expenses
- $187,909,249
- Assets
- $254,406,164
- Liabilities
- $29,660,883
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- LEAH GLASGO (BOARD MEMBER & MARKET PRESIDENT)
Highest reported compensation
- ERIC HAGE CRNA (NURSE ANESTHETIST): $703,586 total reported compensation
- MICHAEL WILLERTH MD (BOARD MEMBER): $684,246 total reported compensation
- LEAH GLASGO (BOARD MEMBER & MARKET PRESIDENT): $602,275 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 of the citizens of our communities and regions by providing quality healthcare in an efficient and cost-effective manner.
What it reported doing in 2024
Community benefit, including charity carecharity care and means-tested programs: trinity regional medical center 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 $1,095,795 in 2024. Oftentimes, trinity regional medical center receives payments from payors or patients that are less than it charges for services. Trinity regional medical center participates in medicaid and other government-sponsored health-care programs. Total charity care and means-tested programs reported value: $1,095,795.other benefits: trinity regional medical center 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. Trinity regional medical center collaborates with other hospitals, churches, schools, chambers of commerce and daycare centers to improve community health and expand access to health care. Trinity regional medical center has dedicated staff to assist community benefit efforts. Total other benefits reported value: $15,751,791.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 75
- Accountability: 74
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.2%; rating input score 88
- Program expense ratio: 96.7%; rating input score 97
- 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; 47th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 54.5%; rating input score 55; 14th 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: 8.8%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 88.2% of revenue deployed · 96.7% of spending went to programs
- Governance: 6 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $181.7M in reported program spending
- Leadership: top reported pay $704K · 22 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.6M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 82 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.
- Review — Accountability: Independent voting board scored 55/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.