NonprofitsLoring Hospital

Health Care

Loring Hospital

SAC CITY, IA

Total revenue

$21.8M

Total expenses

$18.3M

Net assets

$25.5M

Grants received

EIN

421418132

Tax year

2023

Mission

See form 990, part iii, line 1.

Programs

1 program

Loring 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 healthcare 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 patients at a value of $72,293. Oftentimes, the hospital receives payments from payors or patients that are less than it charges for services. The hospital participates in medicaid and other government-sponsored healthcare programs. The hospital's net cost of providing care for which it receives payment below its cost is $479,477. Total charity care and means-tested programs reported value $551,770. The hospital 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, and cash and in kind contributions to community groups. The hospital collaborates with other hospitals, churches, schools, chambers of commerce, and daycare centers to improve community health and expand access to health care. The hospital has dedicated staff to assist community benefit efforts.

Expenses: $1.6M

Financials

FY 2023

Revenue

Contributions & grants$38K
Program service revenue$21.0M
Investment income$436K
Other revenue$290K
Total revenue$21.8M

Expenses

Grants paid
Salaries & benefits$8.1M
Fundraising
Other expenses$10.2M
Total expenses$18.3M
Total assets$33.2M
Net assets$25.5M

People

17 listed

NameRoleCompensation

RUSS DAVIS

DIRECTOR

Board

1 hrs/wk

MIKE GREEN

DIRECTOR

Board

1 hrs/wk

EVAN HECHT

DIRECTOR

Board

1 hrs/wk

FRANK RICHARDSON

CHAIR

Board

1 hrs/wk

KODI BROTHERSON

DIRECTOR

Board

1 hrs/wk

WENDY HURD

DIRECTOR

Board

1 hrs/wk

MATTHEW D JOHNSON

CONTRACT CEO

Board

40 hrs/wk

DR ZOLTON PEK

DIRECTOR

Board

1 hrs/wk

ANDY MEREDITH

VICE-CHAIR

Board

1 hrs/wk

SHELLY CRUMP

TREASURER

Board

1 hrs/wk

TANCY BECKER

SECRETARY

Board

1 hrs/wk

KAY BLESSINGTON

DIRECTOR

Board

1 hrs/wk

PEGGY MUNGER

PHARMACIST

Staff

$176K

40 hrs/wk

TREVOR TOFT

CFO

Staff

$138K

40 hrs/wk

NICOLE WUNSCHEL

CHIEF CLINICAL OFFICER

Staff

$118K

40 hrs/wk

LUISA CHING

PHYSICAL THERAPIST

Staff

$112K

40 hrs/wk

MICHAEL ERAL

IT DIRECTOR

Staff

$112K

40 hrs/wk

Independent contractors

WAPITI MEDICAL GROUP

EMERGENCY ROOM PHYSICIAN SERVICES

$1.5M

UNITYPOINT HEALTH

MANAGEMENT SERVICES

$933K

BUENA VISTA ANESTHESIA

CRNA SERVICES

$434K

DREES COMPANY

REPAIR AND MAINTENANCE SERVICES

$380K

MEDICAL SOLUTIONS

STAFFING SERVICES

$337K

Details

EIN421418132
NTEE codeE22
Subsection03
Ruling date1994-07
Formed1993
Employees142
Volunteers243
LORING HOSPITAL — Mission, Financials & Grants Received | Grantivo