Nonprofit · EIN 42-0680448
CATHOLIC HEALTH INITIATIVES-IOWA CORP
Also known as MERCY MEDICAL CENTER-DES MOINES
Tax-exempt · DES MOINES, IA 50314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,048,590,516 | $1,045,795,602 | $2,794,914 | $1,415,294,292 | $1,384,464,008 | $30,830,284 |
| June 30, 2024 | 990 | $977,048,225 | $1,001,217,765 | -$24,169,540 | $1,094,807,010 | $1,072,280,340 | $22,526,670 |
| June 30, 2023 | 990 | $896,595,007 | $962,072,046 | -$65,477,039 | $695,250,879 | $626,801,736 | $68,449,143 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,400,508
- of which government grants
- $758,771
- Program service revenue
- $1,003,393,346
- Investment income
- -$1,102,503
- Net rental income
- $1,969,061
- Net gain from sales of assets
- -$1,102,503
- Net income from sales of inventory
- $62,719
- Other revenue
- $41,899,165
Expenses
- Grants and similar amounts paid
- $8,217,761
- Compensation of officers, directors and key employees
- $1,736,812
- Other salaries and wages
- $290,291,190
- Salaries, compensation and benefits (total)
- $358,770,164
- Professional fundraising fees
- $0
- Occupancy
- $29,575,336
- Travel
- $876,259
- Depreciation
- $24,544,281
- Program services (functional)
- $971,998,473
- Management and general (functional)
- $73,797,129
Balance sheet and other
- Total assets, start of year
- $1,094,807,010
- Total assets, end of year
- $1,415,294,292
- Total liabilities, end of year
- $1,384,464,008
- Net assets, end of year
- $30,830,284
- Land, buildings and equipment
- $283,677,318
- Publicly traded securities
- $12,901,251
- Net assets without donor restrictions
- $30,830,284
- Gross unrelated business income
- $7,981,296
- Gross receipts
- $1,050,218,989
- Employees
- 7,996
- Volunteers
- 37
- Year formed
- 1965
- 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 |
|---|---|---|---|---|---|
| ROBERT RITZ | DIRECTOR; CEO MERCY HEALTH NETWORK Trustee or director | 1 | $0 | $2,416,873 | $54,140 |
| MICHAEL WEGNER | FORMER OFFICER Former | 0 | $0 | $1,198,272 | $455,195 |
| HIJINIO CARREON DO | FORMER KEY EMPLOYEE; CCO, MERCYONE Former | 0 | $0 | $1,091,878 | $90,746 |
| ATUL CHAWLA MD | CARDIOLOGIST Highest-paid employee | 50 | $923,283 | $0 | $47,437 |
| MARK TANNENBAUM MD | CARDIOLOGIST Highest-paid employee | 50 | $895,879 | $0 | $52,204 |
| MARNIX VERHOFSTE MD | CARDIOTHORACIC SURGEON Highest-paid employee | 50 | $882,212 | $0 | $43,439 |
| YUICHI ISHIDA MD | CARDIOTHORACIC SURGEON Highest-paid employee | 50 | $896,658 | $0 | $26,883 |
| MUDASSIR MALIK MD | CARDIOLOGIST Highest-paid employee | 50 | $833,076 | $0 | $54,004 |
| MICHAEL FRAIZER MD | DIRECTOR; CARDIOLOGIST Trustee or director | 49 | $698,220 | $0 | $52,640 |
| NEIL HORNING MD | DIR; SEC;PULMONOLOGIST CRITICAL CARE Trustee or director, Officer | 1 | $619,064 | $0 | $47,246 |
| VANESSA FREITAG | DIRECTOR; CHIEF OPERATING OFFICER Trustee or director, Officer | 47 | $0 | $526,825 | $99,579 |
| ERIN NETTELAND-SANDVIG DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $552,875 | $0 | $50,085 |
| JODIE ROETTGER | FORMER OFFICER Former | 0 | $0 | $428,790 | $30,461 |
| DENNIS SZURKUS MD | CHIEF MEDICAL OFFICER Key employee | 50 | $0 | $383,556 | $31,770 |
| STEPHEN NOWAK DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $62,033 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA MCCONEGHEY | DIRECTOR; CHAIR Trustee or director, Officer | 1 | $0 |
| EMILY ABBAS | DIRECTOR; VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRIAN JOHNSON | DIRECTOR; TREASURER Trustee or director, Officer | 1 | $0 |
| PATRICIA MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY MILLER | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER NELSON PHD | DIRECTOR Trustee or director | 1 | $0 |
| MAURITA SOUKUP RSM | DIRECTOR Trustee or director | 1 | $0 |
| TERRI DONOVAN PD BY MGMT CO | INTERIM VP FINANCE & CFO, MERCYONE Officer | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT RITZ | DIRECTOR; CEO MERCY HEALTH NETWORK Trustee or director | 1 | $0 | $2,025,160 | $78,438 |
| HIJINIO CARREON DO | EVP, CMO; COO MERCYONE IA Key employee | 25 | $0 | $1,015,275 | $180,790 |
| MICHAEL WEGNER | DIR&PRES MERCYONE CTRL IA THR 12/23 Trustee or director, Officer | 20 | $0 | $1,018,938 | $65,930 |
| RANDALL RUBIN | FORMER OFFICER; SVP, CFO THR 6/23 Former | 0 | $995,107 | $0 | $28,353 |
| MARK TANNENBAUM MD | CARDIOLOGIST Highest-paid employee | 50 | $932,482 | $0 | $71,048 |
| ATUL CHAWLA MD | CARDIOLOGIST Highest-paid employee | 50 | $915,526 | $0 | $70,939 |
| MUDASSIR MALIK MD | CARDIOLOGIST Highest-paid employee | 50 | $898,551 | $0 | $73,245 |
| AARON FROM MD | CARDIOLOGIST Highest-paid employee | 50 | $897,175 | $0 | $64,973 |
| DAVID HOCKMUTH MD | CARDIOTHORACIC SURGEON Highest-paid employee | 50 | $876,843 | $0 | $72,707 |
| KURT ANDERSEN | DIR& INT PRES MERCYONE IA AS OF 1/24 Trustee or director | 53 | $0 | $751,107 | $151,086 |
| NEIL HORNING MD | DIRECTOR;PULMONOLOGIST CRITICAL CARE Trustee or director | 1 | $727,222 | $0 | $61,275 |
| MICHAEL FRAIZER MD | DIRECTOR; CARDIOLOGIST Trustee or director | 49 | $650,098 | $0 | $64,832 |
| ERIN NETTELAND-SANDVIG DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $517,102 | $0 | $61,703 |
| JODIE ROETTGER | VP FIN & CFO MERCYONE IA 7/23-12/23 Officer | 1 | $0 | $503,397 | $45,118 |
| STEPHEN NOWAK DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $54,810 | $0 | $0 |
| MONICA FRIEDMAN | DIRECTOR; CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THERESA MCCONEGHEY | DIRECTOR; VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GLEN HALL | DIRECTOR; SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY LILLIS | DIRECTOR; TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EMILY ABBAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENDA CUSHING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER NELSON PHD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAURITA SOUKUP RSM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VANESSA FREITAG | CHIEF OPERATING OFFICER AS OF 4/24 Trustee or director, Officer | 47 | $0 | $0 | $0 |
| TERRI DONOVAN PD BY MGMT CO | CONSULTANT THR12/23; INT VP FIN 1/24 Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT RITZ | DIRECTOR; CEO MERCY HEALTH NETWORK Trustee or director | 1 | $0 | $1,923,691 | $64,471 |
| MICHAEL WEGNER | DIRECTOR; PRES MERCYONE CENTRAL IA Trustee or director, Officer | 50 | $734,589 | $553,015 | $41,869 |
| KARL KEELER | FORMER OFFICER Former | 0 | $1,166,358 | $0 | $26,358 |
| DAVID HOCKMUTH MD | CARDIOTHORACIC SURGEON Highest-paid employee | 50 | $733,754 | $389,032 | $45,754 |
| MARK TANNENBAUM MD | CARDIOLOGIST Highest-paid employee | 50 | $641,243 | $369,278 | $50,694 |
| HIJINIO CARREON | COO, MERCYONE CENTRAL IA Key employee | 25 | $548,147 | $380,363 | $50,450 |
| AARON FROM MD | CARDIOLOGIST Highest-paid employee | 50 | $593,815 | $323,844 | $43,747 |
| BART JENSON MD | CARDIOTHORACIC SURGEON Highest-paid employee | 50 | $540,075 | $301,707 | $43,747 |
| ATUL CHAWLA MD | CARDIOLOGIST Highest-paid employee | 50 | $480,755 | $359,280 | $42,739 |
| MICHAEL FRAIZER MD | DIRECTOR; CARDIOLOGIST Trustee or director | 49 | $447,404 | $268,407 | $46,716 |
| NEIL HORNING MD | DIRECTOR;PULMONOLOGIST CRITICAL CARE Trustee or director | 1 | $0 | $713,268 | $43,388 |
| RANDALL RUBIN | SVP, CFO MERCYONE CENTRAL IA Officer | 44 | $319,558 | $262,266 | $44,235 |
| ERIN NETTELAND-SANDVIG MD | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $0 | $531,056 | $44,733 |
| JORDAN HARROP | FORMER KEY EMPLOYEE Former | 0 | $335,175 | $0 | $25,507 |
| LINDA GOODWIN | FORMER KEY EMPLOYEE Former | 0 | $124,748 | $0 | $33,002 |
| STEPHEN NOWAK DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE Trustee or director | 1 | $0 | $51,510 | $0 |
| MONICA FRIEDMAN | DIRECTOR; CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THERESA MCCONEGHEY | DIRECTOR; VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GLEN HALL | DIRECTOR; SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY LILLIS | DIRECTOR; TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EMILY ABBAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENDA CUSHING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIN DRINNIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAURITA SOUKUP RSM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1111 6TH AVE, DES MOINES, IA 50314-2610
- In care of
- % ATTN FISCAL SERVICES
- Principal officer (990 for 2024)
- VANESSA FREITAG, 1111 6TH AVENUE, DES MOINES, IA 50314
- Signed the 990
- TERRI DONOVAN, INTERIM VP FINANCE AND CFO
- Phone
- (515) 247-3121
- Website
- WWW.MERCYONE.ORG/DESMOINES
Mission
WE, CATHOLIC HEALTH INITIATIVES - IOWA, CORP. AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. CATHOLIC HEALTH INITIATIVES - IOWA, CORP. IS A MEMBER OF TRINITY HEALTH.
Program accomplishments
- CATHOLIC HEALTH INITIATIVES - IOWA, CORP. (MERCYONE DES MOINES) IS THE LONGEST CONTINUALLY OPERATING HOSPITAL IN DES MOINES AND IOWA'S LARGEST MEDICAL CENTER, WITH 770 BEDS AVAILABLE. THE HOSPITAL IS ONE OF THE MIDWEST'S LARGEST REFERRAL CENTERS.MERCYONE DES MOINES HAS RECEIVED MANY ACCOLADES FOR QUALITY CARE AND EXCELLENCE, BOTH LOCALLY AND ON A NATIONAL LEVEL. TOGETHER WITH COMMUNITY PARTNERS, MERCYONE DES MOINES IS FOCUSING ITS EFFORTS TO IMPROVE THE HEALTH OF THOSE MOST IN NEED.PLEASE SEE SCHEDULE H AND VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES AND SPECIALTIES:WWW.MERCYONE.ORG/DESMOINESExpenses $971,998,473 · grants $8,217,761 · revenue $1,031,770,857
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
- 42-0680448
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $1,415,294,292
- Income (IRS master file)
- $1,050,218,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,048,590,516 | $1,045,795,602 | $1,415,294,292 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $977,048,225 | $1,001,217,765 | $1,094,807,010 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $896,595,007 | $962,072,046 | $695,250,879 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $899,251,353 | $964,931,390 | $935,566,495 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 42-0680448).
Questions about CATHOLIC HEALTH INITIATIVES-IOWA CORP
- What is the EIN of CATHOLIC HEALTH INITIATIVES-IOWA CORP?
- The employer identification number (EIN) of CATHOLIC HEALTH INITIATIVES-IOWA CORP is 42-0680448.
- Is CATHOLIC HEALTH INITIATIVES-IOWA CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does CATHOLIC HEALTH INITIATIVES-IOWA CORP 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 CATHOLIC HEALTH INITIATIVES-IOWA CORP 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 CATHOLIC HEALTH INITIATIVES-IOWA CORP 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 CATHOLIC HEALTH INITIATIVES-IOWA CORP?
- The 990 for the year ended June 30, 2025 names VANESSA FREITAG.
- Who are the officers and directors of CATHOLIC HEALTH INITIATIVES-IOWA CORP?
- The 990 for the year ended June 30, 2025 lists 23 people; 9 received compensation from the organization.
- How much revenue does CATHOLIC HEALTH INITIATIVES-IOWA CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,048,590,516, expenses of $1,045,795,602 and total assets of $1,415,294,292 at year end.
Other nonprofits in DES MOINES
- CENTRAL IOWA HOSPITAL CORPORATION EIN 42-0680452 · last filed 990 for 2024
- PRIMARY HEALTH CARE INC EIN 42-1350092 · last filed 990 for 2025
- VISITING NURSE SERVICES OF IOWA EIN 42-0680446 · last filed 990 for 2025
- IOWA HEALTH FOUNDATION EIN 42-1467682 · last filed 990 for 2024
- MERCY FOUNDATION OF DES MOINES IOWA EIN 23-7358794 · last filed 990 for 2025
- IOWA JEWISH SENIOR LIFE CENTER EIN 42-0332670 · last filed 990 for 2025
- IN CONCERTCARE EIN 39-1899361 · last filed 990 for 2025
- DENTAL CONNECTIONS INC EIN 42-0680421 · last filed 990 for 2025