Floyd Valley Hospital Foundation
Floyd Valley Hospital Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 204095776 · Le Mars, IA · NTEE: E112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 92/100 |
Is Floyd Valley Hospital Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Floyd Valley Hospital Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Floyd Valley Hospital Foundation
Floyd Valley Hospital Foundation (EIN: 204095776) is a nonprofit organization based in Le Mars, IA, classified under NTEE code E112. The organization reported total revenue of $264K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Floyd Valley Hospital Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Floyd Valley Hospital Foundation is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 34.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$121K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 9.2% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2024, Floyd Valley Hospital Foundation reported a surplus of $121K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Floyd Valley Hospital Foundation's revenue has grown at a compound annual growth rate (CAGR) of 34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +352.6% | +289.6% | +15.5% |
| 2023 | +71.3% | -79.9% | +4.6% |
| 2022 | -83.2% | +324.7% | -49.5% |
| 2021 | -11.8% | +310.1% | +42.9% |
| 2020 | +361.7% | -58.6% | +91.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Floyd Valley Hospital Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Floyd Valley Hospital Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $121K, with revenue exceeding expenses.
Executive Compensation Analysis
The Floyd Valley Hospital Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a foundation of its size with assets nearing $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Floyd Valley Hospital Foundation's IRS 990 filings:
- Highly fluctuating annual revenues and expenses, which could indicate less predictable funding streams or project-specific funding cycles.
Strengths
The following positive indicators were identified for Floyd Valley Hospital Foundation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong and growing asset base, increasing from $1,368,179 in 2015 to $1,857,410 in 2024.
- Consistently low or zero liabilities, reflecting excellent financial health and minimal debt.
- Positive net assets, demonstrating financial stability and capacity to support its mission.
Frequently Asked Questions about Floyd Valley Hospital Foundation
Is Floyd Valley Hospital Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Floyd Valley Hospital Foundation (EIN: 204095776) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Floyd Valley Hospital Foundation spend its money?
Floyd Valley Hospital Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Floyd Valley Hospital Foundation tax-deductible?
Floyd Valley Hospital Foundation is registered as a tax-exempt nonprofit (EIN: 204095776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Floyd Valley Hospital Foundation CEO make?
Floyd Valley Hospital Foundation's highest-compensated officer earns $2 annually. The organization reported $264K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Floyd Valley Hospital Foundation's spending goes to programs?
Floyd Valley Hospital Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Floyd Valley Hospital Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Floyd Valley Hospital Foundation is above average for NTEE category E112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Floyd Valley Hospital Foundation located?
Floyd Valley Hospital Foundation is headquartered in Le Mars, Iowa and files with the IRS under EIN 204095776. It is classified under NTEE code E112.
How many years of IRS 990 filings does Floyd Valley Hospital Foundation have?
Floyd Valley Hospital Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $264K in total revenue.
Is Floyd Valley Hospital Foundation a good charity?
Based on the provided data, the Floyd Valley Hospital Foundation appears to be a very good charity. It consistently reports zero officer compensation, indicating that all leadership is volunteer, and maintains strong assets with minimal liabilities. This suggests efficient use of funds and a strong commitment to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown significant growth, increasing from $1,368,179 in 2015 to $1,857,410 in 2024, demonstrating strong financial stewardship and resource accumulation.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly variable, with significant spikes such as $1,318,555 in 2024 and $1,010,734 in 2021, alongside lower revenue years like $170,089 in 2022. This suggests reliance on large donations or specific fundraising campaigns.
Filing History
IRS 990 filing history for Floyd Valley Hospital Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Floyd Valley Hospital Foundation's revenue has grown by 4438.4%, moving from $29K to $1.3M. Total assets increased by 359.7% over the same period, from $404K to $1.9M. Total functional expenses rose by 1373.8%, from $81K to $1.2M. In its most recent filing year (2024), Floyd Valley Hospital Foundation reported a surplus of $121K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.2M | $1.9M | $0 | — | View 990 |
| 2023 | $291K | $307K | $1.6M | $0 | — | View 990 |
| 2022 | $170K | $1.5M | $1.5M | $4K | — | View 990 |
| 2021 | $1.0M | $361K | $3.0M | $0 | — | View 990 |
| 2020 | $1.1M | $88K | $2.1M | $4K | — | View 990 |
| 2019 | $248K | $213K | $1.1M | $2K | — | View 990 |
| 2018 | $184K | $300K | $1.1M | $5K | — | View 990 |
| 2017 | $380K | $272K | $1.2M | $339 | — | View 990 |
| 2016 | $238K | $518K | $1.1M | $626 | — | View 990 |
| 2015 | $168K | $499K | $1.4M | $353 | — | View 990 |
| 2014 | $2.5M | $832K | $1.7M | $334 | — | View 990 |
| 2013 | $156K | $51K | $443K | $43K | — | View 990 |
| 2012 | $77K | $167K | $295K | $254 | — | View 990 |
| 2011 | $29K | $81K | $404K | $31 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue +352.6% year-over-year).
- 2023: Revenue of $291K, expenses of $307K, and assets of $1.6M (revenue +71.3% year-over-year).
- 2022: Revenue of $170K, expenses of $1.5M, and assets of $1.5M (revenue -83.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $361K, and assets of $3.0M (revenue -11.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $88K, and assets of $2.1M (revenue +361.7% year-over-year).
- 2019: Revenue of $248K, expenses of $213K, and assets of $1.1M (revenue +34.7% year-over-year).
- 2018: Revenue of $184K, expenses of $300K, and assets of $1.1M (revenue -51.5% year-over-year).
- 2017: Revenue of $380K, expenses of $272K, and assets of $1.2M (revenue +59.8% year-over-year).
- 2016: Revenue of $238K, expenses of $518K, and assets of $1.1M (revenue +41.5% year-over-year).
- 2015: Revenue of $168K, expenses of $499K, and assets of $1.4M (revenue -93.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $832K, and assets of $1.7M (revenue +1511.4% year-over-year).
- 2013: Revenue of $156K, expenses of $51K, and assets of $443K (revenue +103.5% year-over-year).
- 2012: Revenue of $77K, expenses of $167K, and assets of $295K (revenue +163.5% year-over-year).
- 2011: Revenue of $29K, expenses of $81K, and assets of $404K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Floyd Valley Hospital Foundation:
Data Sources and Methodology
This transparency report for Floyd Valley Hospital Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.