Unity Healthcare EIN 42-0680337 Form 990 (PDF) Claim this org

Unity Healthcare

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Provides affordable healthcare services and financial assistance to community members, ensuring quality medical care regardless of a patient's insurance coverage or financial status. For fiscal year 2024 it reported $74.8M in revenue, $62.0M in expenses, and $63.9M in net assets.Pt I

Founded
1941
Type
Public charity (501(c)(3)) · Hospitals
Location
Muscatine, IA
Filings
5 on file (2020–2024)
Revenue
$74.8MFY2024
Expenses
$62.0M
Net assets
$63.9M
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  42-0680337 Public charity (501(c)(3)) Muscatine, IA Founded 1941
Form 990 (PDF)
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Figures match the IRS filing checked 7/7/26 · see original: IRS
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Size
$10–100M
What they do
Provides affordable healthcare services and financial assistance to community members, ensuring quality medical care regardless of a patient's insurance coverage or financial status.
Leadership
Kathryn Hoppe NP · Nurse Practitioner · $304K
Money in and out
$74.8M revenue, $62.0M expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$74.8M
Pt VIII · Ln 12
Total expenses
$62.0M
Pt IX · Ln 25
Net assets
$63.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12.8M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▲ +0.5% vs prior filing year
Operating runway
9.7mo
months of highly liquid reserves at operating expense rate▲ +29% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$74.8M
FY2024▲ +10%
Expenses
$62.0M
FY2024▲ +8%
Total assets
$89.3M
FY2024▲ +14%
Total liabilities
$25.4M
FY2024▼ -7%
Total revenue
$74.8M
Pt VIII · Ln 12
Total expenses
$62.0M
Pt IX · Ln 25
Net assets
$63.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12.8M
Total assetsPt X · Ln 16$89.3M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $59.8M of program spending, described in the organization's own filed words · FY2024.
01

Health-care servicesunity healthcare is an important element of the health-care delivery system that the muscatine communities rely on every day. It is committed to providing quality health care and to using its resources to the greatest community benefit.

$57.9Mprogram expense
02

Community benefit, including charity carecharity care and means-tested programs: unity healthcare 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.

$1.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnity Healthcare
EINHdr · item D42-0680337
Principal addressHdr · item CMuscatine, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1941
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E220)
Ruling yearIRS BMFJan 1951

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Nurse Practitioner
$303,849Pt VII · Sec A
Physicians Assistant
$279,608Pt VII · Sec A
Nurse Practitioner
$213,290Pt VII · Sec A
Nurse Practitioner
$209,460Pt VII · Sec A
Ct Technologist
$207,335Pt VII · Sec A
Board Member
$195,676Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A

Kathryn Hoppe Np’s $304K as Nurse Practitioner is at the 46th percentile of top reported officer pay among 2900 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Suneel Parvathareddy MD to 920$325,815
Kathryn Hoppe Np$303,849
Kathryn Ledbetter Np$285,838$245,240
Jason Thornburg Pa-C$279,608$263,294$228,207
Angela Johnson to 1021$249,873
Jason Thornburg Pc-A$249,023
Jenny Olson$215,320
Jenny Olson Dnp$213,290$199,236$177,683$208,658

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$70.0M · 94%
Contributions & grants$2.3M · 3%
Investment income$2.0M · 3%
Other revenue$482K · 1%
Program service revenue94%$70.0M
Contributions & grants3%$2.3M
Investment income3%$2.0M
Other revenue1%$482K
— government grantsLn 1e$1.4M
Total revenueLn 12$74.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$59.8M
Management & general4%$2.2M
Total functional expensesLn 25$62.0M

Balance Sheet

Part X · end of year
CashLn 1$25.6M
Total assetsLn 16$89.3M
Total liabilitiesLn 26$25.4M
Total net assetsLn 32$63.9M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50.1M · Operating expenses/yr $62.0M
9.7 months
Where the money goes
Program services
Program services $59.8M · Total expenses $62.0M
96%
Management & General
Management & general $2.2M · Total expenses $62.0M
4%
Fundraising
Fundraising $0 · Total expenses $62.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.3M · Total revenue $74.8M
3%
Government reliance
Government grants $1.4M · Total revenue $74.8M
2%
Earned-income share
Program service revenue $70.0M · Total revenue $74.8M
94%
Investment reliance
Investment income $2.0M · Total revenue $74.8M
+3%
Program self-sufficiency
Program service revenue $70.0M · Total expenses $62.0M
113%
Growth & trend
Revenue growth (YoY)
This year $74.8M · Prior year $68.0M
+10%
Revenue CAGR
FY2020 $56.7M · FY2024 $74.8M
+7%
Net-asset trend (YoY)
End of year $63.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $74.8M · Expenses $62.0M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $89.3M
Net-asset ratio
Net assets $63.9M · Total assets $89.3M
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $89.3M
27%
People & payroll
Highest Reported Total Compensation
Individual Kathryn Hoppe Np · Reported title NURSE PRACTITIONER · Highest reported compensation $304K · Total expenses $62.0M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $34.1M · Total expenses $62.0M
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 10%
Investment management fee ratio 0.1%
Legal fee ratio 0.1%
Accounting fee ratio <0.01%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$971K
See all 3 funders →
Grants paid · 9 grants · $4.0M · 2020–2024
Trinity Medical CenterIL · FY2024$1,659,979
Trinity Medical CenterIL · FY2023$1,164,709
Isu Extension Louisa CountyIA · FY2023$37,755
Unitemized GrantFY2023$36,184
Trinity Medical CenterIL · FY2022$1,083,691
Isu Extension Louisa CountyIA · FY2022$13,886
Isu Extension Louisa CountyIA · FY2021$13,206
Eastern Iowa Community CollegeFY2021$12,520
Isu Extension Louisa CountyIA · FY2020$7,543

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$74.8M revenue · viewing · ⤓ 990 PDF
FY2023$68.0M revenue · ⤓ 990 PDF
FY2022$63.4M revenue · ⤓ 990 PDF
FY2021$60.0M revenue · ⤓ 990 PDF
FY2020$56.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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