Nonprofit · EIN 42-0698265
ALLEN MEMORIAL HOSPITAL CORPORATION
Tax-exempt · WATERLOO, IA 50703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $443,098,535 | $414,473,663 | $28,624,872 | $448,508,076 | $173,035,801 | $275,472,275 |
| December 31, 2023 | 990 | $371,747,996 | $381,282,577 | -$9,534,581 | $391,654,120 | $147,584,601 | $244,069,519 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,650,795
- of which government grants
- $17,319,309
- Program service revenue
- $412,423,938
- Investment income
- $10,266,529
- Net gain from sales of assets
- $5,402,118
- Net income from sales of inventory
- $96,968
- Other revenue
- $757,273
Expenses
- Grants and similar amounts paid
- $37,623,833
- Compensation of officers, directors and key employees
- $1,393,853
- Other salaries and wages
- $147,982,177
- Salaries, compensation and benefits (total)
- $179,135,315
- Professional fundraising fees
- $0
- Legal fees
- $253,690
- Occupancy
- $7,514,688
- Travel
- $450,329
- Depreciation
- $13,031,086
- Program services (functional)
- $396,854,304
- Management and general (functional)
- $17,619,359
Balance sheet and other
- Total assets, start of year
- $391,654,120
- Total assets, end of year
- $448,508,076
- Total liabilities, end of year
- $173,035,801
- Net assets, end of year
- $275,472,275
- Land, buildings and equipment
- $124,325,448
- Publicly traded securities
- $183,729,576
- Net assets without donor restrictions
- $268,535,933
- Net assets with donor restrictions
- $6,936,342
- Gross unrelated business income
- $2,195,066
- Gross receipts
- $477,391,709
- Employees
- 2,813
- Volunteers
- 304
- Year formed
- 1938
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAJEEV ANUGU MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $1,188,407 | $0 | $52,327 |
| ROBERTO SALAS FRAGOMENI MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $1,168,359 | $0 | $44,391 |
| NISHAD NADKARNI MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $1,002,118 | $0 | $28,824 |
| PAMELA DELAGARDELLE TO 823 | FORMER PRESIDENT/CEO Former | 0 | $0 | $798,296 | $136,439 |
| DANIEL LEE MD | PHYSICIAN- UROLOGY Highest-paid employee | 40 | $877,451 | $0 | $18,569 |
| ERIC ASKELAND MD | PHYSICIAN- UROLOGY Highest-paid employee | 40 | $789,169 | $0 | $52,327 |
| SARAH BROWN TO 723 | FORMER CHIEF NURSING OFFICER Former | 0 | $0 | $560,016 | $106,610 |
| PRADEEP RAMESH MD | BOARD MEMBER Trustee or director | 1 | $0 | $589,098 | $54,228 |
| JENNIFER FRIEDLY | BOARD MEMBER & MARKET PRESIDENT Trustee or director, Officer | 40 | $484,503 | $0 | $77,969 |
| STEVEN PALMERSHEIM TO 1221 | FORMER VP FINANCE Former | 0 | $0 | $464,024 | $85,286 |
| CHRISTOPHER HILL DO TO 121 | FORMER PHYSICIAN-ER/PHYSICIAN DYAD LEADER Former | 0 | $0 | $491,777 | $38,570 |
| RUSSELL ADAMS | MARKET CHIEF MEDICAL OFFICER Key employee | 40 | $33,485 | $482,662 | $3,578 |
| KYLE CHRISTIASON MD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $454,453 | $47,721 |
| NATALIE HUNTER | MARKET VP OPERATIONS Key employee | 40 | $248,291 | $0 | $31,809 |
| ZACHARY FRENCH | MARKET VP FINANCE Officer | 40 | $241,678 | $0 | $17,935 |
7 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JODEE KNOX | MARKET CHIEF NURSING OFFICER Key employee | 40 | $240,191 | $12,051 |
| EDITA BEGIC | BOARD MEMBER Trustee or director | 1 | $1,181 | $0 |
| JOAN HEADINGTON | BOARD MEMBER Trustee or director | 1 | $1,181 | $0 |
| STACEY BENTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRYAN EARNEST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROL HIBBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LANCE HORBACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAJEEV ANUGU MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $1,156,408 | $0 | $48,406 |
| ROBERTO SALAS FRAGOMENI MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $1,119,108 | $0 | $41,626 |
| PAMELA DELAGARDELLE TO 823 | BOARD MEMBER/PRESIDENT/CEO Trustee or director, Officer | 40 | $502,003 | $478,658 | $102,337 |
| NISHAD NADKARNI MD | PHYSICIAN- RADIOLOGY Highest-paid employee | 40 | $919,093 | $0 | $27,242 |
| PAUL MCCAUGHEY DO | EMERGENCY MEDICINE Highest-paid employee | 40 | $795,699 | $0 | $51,456 |
| MARK NEWTON MD | PHYSICIAN- UROLOGY Highest-paid employee | 40 | $793,733 | $0 | $42,691 |
| PRADEEP RAMESH MD | BOARD MEMBER Trustee or director | 1 | $0 | $568,543 | $51,789 |
| CHRISTOPHER HILL DO TO 121 | PHYSICIAN-ER/PHYSICIAN DYAD LEADER Former | 0 | $0 | $511,104 | $36,658 |
| STEVEN PALMERSHEIM TO 1221 | FORMER VP FINANCE/CFO UPC & ACO Former | 0 | $0 | $451,102 | $77,246 |
| RUSSELL ADAMS | CHIEF MEDICAL OFFICER Key employee | 40 | $34,493 | $453,160 | $39,022 |
| SARAH BROWN TO 723 | CHIEF NURSING OFFICER Key employee | 40 | $204,647 | $253,733 | $46,528 |
| JENNIFER FRIEDLY-VP COO TO 823 | BOARD MEMBER/MARKET PRES (FR 8/23) Trustee or director, Officer | 40 | $407,057 | $0 | $76,127 |
| KYLE CHRISTIASON MD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $384,803 | $43,125 |
| ZACHARY FRENCH | VP FINANCE Officer | 40 | $226,659 | $0 | $16,492 |
| JODEE KNOX FR 723 | INTERIM CHIEF NURSING OFFICER Key employee | 40 | $224,300 | $0 | $11,229 |
| STACEY BENTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HENRY BEVEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BYL | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOAN HEADINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROL HIBBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LANCE HORBACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH TRIPP-RIEKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARY WERTZBERGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1825 LOGAN AVE, WATERLOO, IA 50703-1916
- Principal officer (990 for 2024)
- JENNIFER FRIEDLY, 1825 LOGAN AVE, WATERLOO, IA 507031916
- Signed the 990
- ZACH FRENCH, MARKET VP FINANCE
- Phone
- (319) 235-3995
Mission
THE MISSION OF ALLEN MEMORIAL HOSPITAL CORPORATION IS TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.
Program accomplishments
- HEALTH-CARE SERVICES`ALLEN MEMORIAL HOSPITAL CORPORATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE GREATER CEDAR VALLEY COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH-CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. ALLEN MEMORIAL HOSPTIAL CORPORATION PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, BEHAVIORAL DISORDER PROGRAMS, MATERNAL/CHILD CARE, LABORATORY, PHARMACEUTICAL DRUGS, WOUND CARE, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2024, ALLEN MEMORIAL HOSPITAL CORPORATION ADMITTED 11,028 PATIENTS WITHOUT NEWBORNS AND NICU AND 12,182 PATIENTS WITH NEWBORNS AND NICU; RESULTING IN A TOTAL OF 48,884 PATIENT DAYS WITHOUT NEWBORNS AND NICU, AND 51,167 PATIENT DAYS WITH NEWBORNS AND NICU. OUTPATIENT VISITS TOTALED 221,054 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 4,420. THERE WERE ALSO 37,908 EMERGENCY ROOM VISITS AND 1,267 BABIES DELIVERED.Expenses $359,946,495 · grants $26,545,662 · revenue $413,046,558
- CHARITY CARE, MEANS-TESTED PROGRAMS AND OTHER COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: ALLEN MEMORIAL HOSPITAL CORPORATION 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 $1,947,313 IN 2024. OFTEN TIMES, ALLEN MEMORIAL HOSPITAL CORPORATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ALLEN MEMORIAL HOSPITAL CORPORATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ALLEN MEMORIAL HOSPITAL CORPORATION'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $0 FOR 2024. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $1,947,313.OTHER BENEFITS: ALLEN MEMORIAL HOSPITAL CORPORATION PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS MAY 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. ALLEN MEMORIAL HOSPITAL CORPORATION COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ALLEN MEMORIAL HOSPITAL CORPORATION HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $34,960,496.Expenses $36,907,809 · grants $11,078,171
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0698265
- 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
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $448,508,076
- Income (IRS master file)
- $477,391,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $443,098,535 | $414,473,663 | $448,508,076 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $371,747,996 | $381,282,577 | $391,654,120 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $328,488,106 | $340,402,400 | $406,846,827 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 42-0698265).
Questions about ALLEN MEMORIAL HOSPITAL CORPORATION
- What is the EIN of ALLEN MEMORIAL HOSPITAL CORPORATION?
- The employer identification number (EIN) of ALLEN MEMORIAL HOSPITAL CORPORATION is 42-0698265.
- Is ALLEN MEMORIAL HOSPITAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to ALLEN MEMORIAL HOSPITAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALLEN MEMORIAL HOSPITAL CORPORATION 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 ALLEN MEMORIAL HOSPITAL CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALLEN MEMORIAL HOSPITAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALLEN MEMORIAL HOSPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 names JENNIFER FRIEDLY.
- Who are the officers and directors of ALLEN MEMORIAL HOSPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 lists 22 people; 12 received compensation from the organization, the highest $1,188,407 (RAJEEV ANUGU MD, PHYSICIAN- RADIOLOGY).
- How much revenue does ALLEN MEMORIAL HOSPITAL CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $443,098,535, expenses of $414,473,663 and total assets of $448,508,076 at year end.
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