IOWA HEALTH SYSTEM
1776 WESTLAKES PKWY STE 400, WDM, IA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $442,361,665 | $493,788,445 | -$55,960,762 |
| FY2023 | $495,106,486 | $487,441,362 | -$7,308,865 |
| FY2022 | $469,880,792 | $482,771,215 | -$100,526,375 |
| FY2021 | $437,979,986 | $437,339,338 | -$123,478,378 |
| FY2020 | $439,634,452 | $460,421,755 | -$112,383,444 |
| FY2019 | $403,018,232 | $408,701,852 | -$75,875,803 |
| FY2018 | $370,090,451 | $367,375,013 | -$57,659,523 |
| FY2017 | $464,359,725 | $498,701,369 | -$71,534,924 |
| FY2016 | $439,999,141 | $466,310,932 | -$43,649,037 |
| FY2015 | $401,432,666 | $407,391,725 | -$18,478,209 |
| FY2014 | $345,722,434 | $341,778,466 | -$22,760,621 |
| FY2013 | $270,932,593 | $248,435,408 | $1,591,445 |
| FY2012 | $234,031,214 | $230,281,450 | -$64,461,806 |
| FY2011 | $172,828,385 | $177,085,954 | -$70,384,069 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,212,547 | 0% |
| Program service revenue | $384,872,791 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $382,574,815 | 77% |
| Management & general | $111,213,630 | 23% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 77% of functional expenses, management & general 23%, and fundraising 0%.
- 77% of functional expenses went to program services in FY2024. That is higher than 20.6% of 68 Health Care organizations in IA.
- Net assets covered about -1.4 months of expenses at the end of the reporting year. That puts it in the 4th percentile among 268 Health Care organizations in IA.
- Total revenue was higher than 97.8% of 273 Health Care organizations in IA.
- Total revenue rose from $172,828,385 in FY2011 to $442,361,665 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2011, FY2015, FY2016, FY2017, FY2019, FY2020, FY2022, FY2024).
- The highest revenue on record here is $495,106,486 in FY2023.
- Net assets grew from -$70,384,069 to -$55,960,762 between FY2011 and FY2024.
- Contributions and grants made up 7% of revenue in FY2011 and 0% in FY2024.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.
IRS status
| Ruling year | 1996 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E02 — Health Care (in IA) |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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