Nonprofit · EIN 42-0680407
SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC
Tax-exempt · W BURLINGTON, IA 52655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $457,005,767 | $455,866,170 | $1,139,597 | $258,962,652 | $80,433,872 | $178,528,780 |
| June 30, 2024 | 990 | $438,248,210 | $422,817,322 | $15,430,888 | $266,109,032 | $88,812,899 | $177,296,133 |
| June 30, 2023 | 990 | $361,654,937 | $380,420,311 | -$18,765,374 | $252,815,297 | $91,046,703 | $161,768,594 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $27,514,228
- Program service revenue
- $427,524,037
- Investment income
- $439,045
- Net rental income
- $732,548
- Net gain from sales of assets
- -$162,862
- Other revenue
- $1,528,457
Expenses
- Grants and similar amounts paid
- $18,735,598
- Other salaries and wages
- $170,802,553
- Salaries, compensation and benefits (total)
- $204,774,877
- Professional fundraising fees
- $0
- Legal fees
- $523,263
- Accounting fees
- $111,372
- Occupancy
- $4,163,620
- Travel
- $429,149
- Depreciation
- $13,870,435
- Program services (functional)
- $431,844,768
- Management and general (functional)
- $24,021,402
Balance sheet and other
- Total assets, start of year
- $266,109,032
- Total assets, end of year
- $258,962,652
- Total liabilities, end of year
- $80,433,872
- Net assets, end of year
- $178,528,780
- Land, buildings and equipment
- $154,687,224
- Net assets without donor restrictions
- $172,259,050
- Net assets with donor restrictions
- $6,269,730
- Gross unrelated business income
- $95,472
- Gross receipts
- $457,773,238
- Employees
- 2,437
- Volunteers
- 316
- Year formed
- 1895
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOUIS KANTZAVELOS | PHYSICIAN Highest-paid employee | 40 | $1,176,153 | $0 | $60,701 |
| DR MICHAEL MCCOY | PRESIDENT/CEO Trustee or director, Officer | 24 | $0 | $1,089,131 | $47,792 |
| SCOTT GLEASON | PHYSICIAN Highest-paid employee | 40 | $1,044,857 | $0 | $58,331 |
| BRENT WOODBURY | PHYSICIAN Highest-paid employee | 40 | $1,022,682 | $0 | $51,924 |
| CHARLES FRANK | PHYSICIAN Highest-paid employee | 40 | $1,020,428 | $0 | $49,483 |
| AJMAL MUHAMMAD | PHYSICIAN Highest-paid employee | 40 | $955,852 | $0 | $60,901 |
| JEREMY ALEXANDER | CFO Officer | 40 | $0 | $689,029 | $60,088 |
| VICKI STEPHENSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOY ANDERSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NEAL DODD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR DOUG HENRICH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE HICKEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT WENZEL | FORMER PRESIDENT/CEO Former | 24 | $0 | $1,369,580 | $11,287 |
| LOUIS KANTZAVELOS | PHYSICIAN Highest-paid employee | 40 | $1,239,329 | $0 | $45,761 |
| CHARLES FRANK | PHYSICIAN Highest-paid employee | 40 | $1,015,119 | $0 | $27,481 |
| MEGHAN WOOSTER | PHYSICIAN Highest-paid employee | 40 | $907,449 | $0 | $21,733 |
| AJMAL MUHAMMAD | PHYSICIAN Highest-paid employee | 40 | $884,160 | $0 | $36,210 |
| BRENT WOODBURY | PHYSICIAN Highest-paid employee | 40 | $866,089 | $0 | $42,022 |
| DR MICHAEL MCCOY | PRESIDENT/CEO Trustee or director, Officer | 24 | $0 | $829,861 | $51,041 |
| JEREMY ALEXANDER | CFO Officer | 40 | $0 | $582,333 | $48,195 |
| DAVE POLAND | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICKI STEPHENSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOY ANDERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NEAL DODD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DOUG HENRICH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOUIS KANZAVELOS | PHYSICIAN Highest-paid employee | 40 | $1,235,319 | $0 | $42,510 |
| MATT WENZEL | PRESIDENT/CEO (THROUGH 10/12/22) Trustee or director, Officer | 24 | $0 | $1,122,540 | $53,171 |
| BRENT WOODBURY | PHYSICIAN Highest-paid employee | 40 | $872,640 | $0 | $36,895 |
| TIMOTHY STAUDTE | PHYSICIAN Highest-paid employee | 40 | $764,140 | $0 | $50,270 |
| JEREMY ALEXANDER | CFO Officer | 40 | $0 | $671,653 | $51,571 |
| MEGHAN WOOSTER | PHYSICIAN Highest-paid employee | 40 | $693,849 | $0 | $15,636 |
| DR MICHAEL MCCOY | PRESIDENT/CEO Trustee or director, Officer | 24 | $0 | $624,684 | $51,091 |
| CHARLES FRANK | PHYSICIAN Highest-paid employee | 40 | $360,261 | $0 | $14,147 |
| DAVE POLAND | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICKI STEPHENSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOY ANDERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR STEVE DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NEAL DODD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1221 S GEAR AVE, W BURLINGTON, IA 52655-1679
- Principal officer (990 for 2024)
- DR MICHAEL MCCOY, 1221 SOUTH GEAR AVENUE, WEST BURLINGTON, IA 52655
- Signed the 990
- JEREMY ALEXANDER, CFO
- Phone
- (319) 768-1000
- Website
- WWW.GREATRIVERHEALTH.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SOUTHEAST IOWA REGIONAL MEDICAL CENTER IS DEDICATED TO IMPROVING THE REGION'S HEALTH BY PROVIDING HIGH-QUALITY CARE, WORLD-CLASS CUSTOMER SERVICE, AND UNCOMPROMISING VALUE FOR OUR PATIENTS AND THEIR FAMILIES.
Program accomplishments
- SOUTHEAST IOWA REGIONAL MEDICAL CENTER (SIRMC) IS A TWO CAMPUS HOSPITAL. ONE IS LOCATED IN FORT MADISON, IOWA, A 50 BED HOSPITAL AND THE OTHER IS LOCATED IN WEST BURLINGTON, IOWA, IS A 378-BED REGIONAL MEDICAL CENTER OFFERING ACUTE AND INTERMEDIATE CARE TO RESIDENTS OF SOUTHEAST IOWA, WEST CENTRAL ILLINOIS AND NORTHEAST MISSOURI. THE HOSPITAL OFFERS COMPREHENSIVE MEDICAL, EXTENSIVE SURGICAL, AND EMERGENCY CARE SERVICES. THE HOSPITAL'S 160-BED KLEIN CENTER OFFERS LONG-TERM AND SKILLED CARE ON THE HOSPITAL'S CAMPUS. THE CANCER CENTER, WHICH PROVIDES MEDICAL AND RADIATION THERAPY SERVICES FOR THE TREATMENT OF VARIOUS FORMS OF CANCER AND BLOOD DISEASES, OFFERS THE LATEST THREE-DIMENSIONAL TREATMENT-PLANNING COMPUTER TECHNOLOGY AVAILABLE IN ONLY A FEW HEALTH-CARE CENTERS IN THE STATE. THE WELLNESS PLAZA IS HOME TO ONE OF THE STATE'S PREMIER REHABILITATION AND FITNESS PROGRAMS.Expenses $431,844,768 · grants $18,735,598 · revenue $427,482,386
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0680407
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1922
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $258,962,652
- Income (IRS master file)
- $457,773,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $457,005,767 | $455,866,170 | $258,962,652 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $438,248,210 | $422,817,322 | $266,109,032 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $361,654,937 | $380,420,311 | $252,815,297 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $370,717,276 | $516,694,156 | $268,865,294 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0680407).
Questions about SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC
- What is the EIN of SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC?
- The employer identification number (EIN) of SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC is 42-0680407.
- Is SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1922.
- Are donations to SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC?
- The 990 for the year ended June 30, 2025 names DR MICHAEL MCCOY.
- Who are the officers and directors of SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 5 received compensation from the organization, the highest $1,176,153 (LOUIS KANTZAVELOS, PHYSICIAN).
- How much revenue does SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $457,005,767, expenses of $455,866,170 and total assets of $258,962,652 at year end.
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