NonprofitsStewart Memorial Community Hospital

Health Care

Stewart Memorial Community Hospital

LAKE CITY, IA

Total revenue

$46.5M

Total expenses

$40.4M

Net assets

$25.4M

Grants received

$138K

3 grants

EIN

420860039

Tax year

2024

Mission

to provide a complete continuum of healthcare services to the people of lake city and the surrounding communities without regard for ability to pay and without discrimination.

Programs

3 programs

Stewart Memorial Community Hospital owns and operates Rural Health Clinics in the communities of Lake City, Gowrie, Lake View and Rockwell City. We employ 19 providers which are composed of physicians, physician assistants and nurse practitioners. They provide medical professional services to members of these communities and surrounding areas in a designated Health Professional Shortage Area.

Expenses: $7.9M

The laboratory department provides inpatient, outpatient and emergency testing for patients of Stewart Memorial Community Hospital. It also provide services to the McCrary-Rost Clinic in Lake City. Reagent and salary costs of personnel account for the majority of the department's expenses.

Expenses: $2.4M

The operating and recovery rooms department provide general surgical and orthopedic procedures along with procedures for ENT, cataract and podiatry. The supplies used in such procedures account for a large portion of expenses.

Expenses: $2.2M

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue$44.8M
Investment income$170K
Other revenue$301K
Total revenue$46.5M

Expenses

Grants paid
Salaries & benefits$23.4M
Fundraising$265K
Other expenses$17.0M
Total expenses$40.4M
Total assets$58.0M
Net assets$25.4M

People

15 listed

NameRoleCompensation

Derek Duncan DO

Medical Counsel

Board

$578K

40 hrs/wk

Jim Henkenius

CFO

Board

$185K

40 hrs/wk

Scott Nesbitt

Board Chair

Board

2 hrs/wk

Theresa Hildreth

Vice Chair

Board

2 hrs/wk

Jordan Lietz

Secretary

Board

2 hrs/wk

Stacy Corey

Treasurer

Board

2 hrs/wk

Jennifer Lane

Director

Board

1 hrs/wk

Charles Schmitt

Director

Board

1 hrs/wk

Mary Lauver

Director

Board

1 hrs/wk

Linn Block

CEO

Board

40 hrs/wk

Dr Susan Hornback DO

Family Medicine

Staff

$910K

40 hrs/wk

Josh Smith DO

General Surgery

Staff

$529K

40 hrs/wk

Ronald Cheney DO

General Surgery

Staff

$507K

40 hrs/wk

Julia Richardson MD

Family Medicine

Staff

$451K

40 hrs/wk

James Lewis CRNA

Pain Solutions, General Surgery

Staff

$293K

40 hrs/wk

Independent contractors

Anatomy IT

IT Outsourcing & Management

$792K

FocusOne Solutions LLC

Locum Tenens Services

$435K

UnityPoint Health

Management Services

$332K

Shared Medical Services LLC

Mobile MRI Services

$299K

Wapiti Medical Staffing

ER Locum Tenens

$273K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$10K
GENERAL SUPPORT
2024
$100K
EXPAND PT & EMERGENCY DEPARTMENT
2020
$28K
CHARITABLE
2020

Funded by

$138K from 3 funders · 3 grants · 2020–2024

The Sunderland Foundation

$100K · 1 grant · 2020

Change Happens Foundation

$28K · 1 grant · 2020

Impactassetsinc

$10K · 1 grant · 2024

Details

EIN420860039
NTEE codeE22Z
Subsection03
Ruling date1964-04
Formed1958
Employees317
Volunteers38
STEWART MEMORIAL COMMUNITY HOSPITAL — Mission, Financials & Grants Received | Grantivo