Nonprofit · EIN 42-1418132
LORING HOSPITAL
Tax-exempt · SAC CITY, IA 50583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $25,116,678 | $18,886,916 | $6,229,762 | $56,486,477 | $24,805,517 | $31,680,960 |
| June 30, 2024 | 990 | $21,759,819 | $18,342,506 | $3,417,313 | $33,249,963 | $7,798,765 | $25,451,198 |
| June 30, 2023 | 990 | $18,436,674 | $16,733,635 | $1,703,039 | $28,110,026 | $6,076,141 | $22,033,885 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,792,031
- of which government grants
- $1,025,187
- Program service revenue
- $21,856,437
- Investment income
- $576,351
- Other revenue
- $891,859
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $678,595
- Other salaries and wages
- $6,205,116
- Salaries, compensation and benefits (total)
- $8,645,409
- Professional fundraising fees
- $0
- Depreciation
- $1,450,954
- Program services (functional)
- $15,011,518
- Management and general (functional)
- $3,875,398
Balance sheet and other
- Total assets, start of year
- $33,249,963
- Total assets, end of year
- $56,486,477
- Total liabilities, end of year
- $24,805,517
- Net assets, end of year
- $31,680,960
- Land, buildings and equipment
- $37,111,077
- Net assets without donor restrictions
- $31,680,960
- Gross receipts
- $25,116,678
- Employees
- 140
- Volunteers
- 264
- Year formed
- 1993
- 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 |
|---|---|---|---|---|---|
| MATTHEW D JOHNSON | CONTRACT CEO Officer | 40 | $0 | $260,624 | $0 |
| PEGGY MUNGER | PHARMACIST Highest-paid employee | 40 | $174,445 | $0 | $26,328 |
| TREVOR TOFT | CFO Highest-paid employee | 40 | $158,579 | $0 | $26,066 |
| MICHAEL ERAL | IT DIRECTOR Highest-paid employee | 40 | $116,969 | $0 | $24,766 |
| LUISA CHING | PHYSICAL THERAPIST Highest-paid employee | 40 | $117,057 | $0 | $24,567 |
| TINA ZIMMERMAN | RN Highest-paid employee | 40 | $111,545 | $0 | $24,615 |
| FRANK RICHARDSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDY MEREDITH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELLY CRUMP | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TANCY BECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAY BLESSINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RUSS DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EVAN HECHT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR ZOLTON PEK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KODI BROTHERSON | DIRECTOR Trustee or director | 1 | $0 |
| WENDY HURD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW D JOHNSON | CONTRACT CEO Officer | 40 | $0 | $235,000 | $0 |
| PEGGY MUNGER | PHARMACIST Highest-paid employee | 40 | $176,210 | $0 | $26,195 |
| TREVOR TOFT | CFO Highest-paid employee | 40 | $137,664 | $0 | $23,073 |
| NICOLE WUNSCHEL | CHIEF CLINICAL OFFICER Highest-paid employee | 40 | $117,612 | $0 | $20,685 |
| MICHAEL ERAL | IT DIRECTOR Highest-paid employee | 40 | $112,268 | $0 | $24,436 |
| LUISA CHING | PHYSICAL THERAPIST Highest-paid employee | 40 | $112,287 | $0 | $24,233 |
| FRANK RICHARDSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDY MEREDITH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELLY CRUMP | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TANCY BECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAY BLESSINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RUSS DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EVAN HECHT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR ZOLTON PEK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KODI BROTHERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDY HURD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PEGGY MUNGER | PHARMACIST Highest-paid employee | 40 | $160,489 | $23,120 |
| LUISA CHING | PHYSICAL THERAPIST Highest-paid employee | 40 | $100,364 | $21,431 |
| BLAKE LUY | NURSE MANAGER Highest-paid employee | 40 | $104,925 | $7,536 |
| FRANK RICHARDSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDY MEREDITH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHELLY CRUMP | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TANCY BECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KAY BLESSINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVAN HECHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ZOLTON PEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 211 HIGHLAND AVE, SAC CITY, IA 50583-2424
- Principal officer (990 for 2024)
- RUSS DAVIS, 211 HIGHLAND AVE, SAC CITY, IA 50583
- Signed the 990
- RUSS DAVIS, CHAIR
- Phone
- (712) 662-7105
- Website
- WWW.LORINGHOSPITAL.ORG
- Return prepared by
- DENMAN CPA LLP
Mission
TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITY THROUGH HEALING, CARING, AND EDUCATION, AND BY PROVIDING QUALITY HEALTH CARE WITH A PERSONAL TOUCH IN A COST EFFECTIVE MANNER.
Program accomplishments
- LORING HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE SAC COUNTY COMMUNITY RELIES ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTHCARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. THE HOSPITAL 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, CRITICAL CARE, CARDIOLOGY, ONCOLOGY, REHABILITATION, LABORATORY SERVICES, PHARMACEUTICAL DRUGS, RADIOLOGY, AND MANY OTHER ROUTINE AND ANCILLARY SERVICES. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST IN THE FISCAL PERIOD ENDED JUNE 30, 2025. THE HOSPITAL ADMITTED 105 PATIENTS RESULTING IN A TOTAL OF 354 PATIENT DAYS. OUTPATIENT REGISTRATIONS TOTALED 24,193. THERE WERE ALSO 2,267 EMERGENCY ROOM VISITS.Expenses $12,879,227 · revenue $16,908,245
- LORING HOSPITAL PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTHCARE 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 TO PATIENTS AT A VALUE OF $99,833. OFTENTIMES, THE HOSPITAL RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. THE HOSPITAL PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTHCARE PROGRAMS. THE HOSPITAL'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $100,849. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE $200,682. THE HOSPITAL PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS SUCH AS PREVENTION AND HEALTH SCREENINGS, HEALTH PROFESSIONAL'S EDUCATION, AND CASH AND IN KIND CONTRIBUTIONS TO COMMUNITY GROUPS. THE HOSPITAL COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE, AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. THE HOSPITAL HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS.Expenses $2,132,291 · revenue $4,948,192
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
- 42-1418132
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22)
- Assets (IRS master file)
- $56,486,477
- Income (IRS master file)
- $25,116,678
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $25,116,678 | $18,886,916 | $56,486,477 | XML |
| 990 | June 2024 | $21,759,819 | $18,342,506 | $33,249,963 | XML |
| 990 | June 2023 | $18,436,674 | $16,733,635 | $28,110,026 | XML |
| 990 | June 2022 | $18,194,178 | $15,922,004 | $27,491,880 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 42-1418132).
Questions about LORING HOSPITAL
- What is the EIN of LORING HOSPITAL?
- The employer identification number (EIN) of LORING HOSPITAL is 42-1418132.
- Is LORING HOSPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to LORING HOSPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORING HOSPITAL 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 LORING HOSPITAL 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 LORING HOSPITAL 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 LORING HOSPITAL?
- The 990 for the year ended June 30, 2025 names RUSS DAVIS.
- Who are the officers and directors of LORING HOSPITAL?
- The 990 for the year ended June 30, 2025 lists 17 people; 5 received compensation from the organization.
- How much revenue does LORING HOSPITAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $25,116,678, expenses of $18,886,916 and total assets of $56,486,477 at year end.
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