Velarion Records

Short-term acute care hospital · Muscatine, Iowa · 15 beds · CMS certification number 160013

Trinity Muscatine

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 12, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$71.1M
$71,062,065 · G-3 line 3
Operating expenses
$62.3M
$62,258,510 · G-3 line 4
Result from patient care
$8.8M
$8,803,555 · G-3 line 5
Margin on patient care
12.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $10.6M in its first year on file (1997) to $71.1M in 2025.
  • Its result from patient care: $7.4M (2023), $9.3M (2024), $8.8M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.7% of its inpatient days and Medicare for 36.1%.

Every statement is drawn from figures on this page; nothing is estimated.

29 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
reopened
$10.6M
$21.0M
1998
settled
$23.2M
$23.3M
1999
settled
$17.9M
$17.4M
2000
settled
$37.4M
$38.7M
2001
settled
$39.5M
$43.2M
2002
settled
$38.8M
$41.8M
2003
settled
$43.8M
$41.9M
2004
settled
$43.3M
$43.3M
2005
settled
$46.3M
$46.7M
2006
reopened
$46.3M
$48.0M
2007
reopened
$47.0M
$52.4M
2008
reopened
$47.4M
$55.7M
2009
settled
$46.4M
$51.5M
2010
settled
not filed
not filed
2011
reopened
$56.6M
$58.0M
2012
reopened
$54.2M
$52.4M
2013
reopened
$40.9M
$40.7M
2014
settled
$41.4M
$45.0M
2015
settled
$46.0M
$46.6M
2016
settled
$46.4M
$46.2M
2017
settled
$47.9M
$45.0M
2018
settled
$48.0M
$45.5M
2019
settled
$45.5M
$44.5M
2020
settled
$47.3M
$51.5M
2021
settled
$55.5M
$54.7M
2022
settled
$54.1M
$54.0M
2023
settled
$63.5M
$56.1M
2024
settled
$69.6M
$60.3M
2025
as submitted
$71.1M
$62.3M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Iowa first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Trinity Muscatine15$71,062,065$62,258,51012.4%
Grinnell Regional Medical Center, Grinnell21$70,354,800$76,046,863−8.1%
Lakes Regional Healthcare, Spirit Lake44$68,833,914$68,701,5680.2%
Mercyone Cedar Falls Medical Center, Cedar Falls35$43,240,727$38,274,95911.5%
Mercyone Newton Medical Center, Newton48$30,858,814$33,099,976−7.3%
Unitypoint Health - Marshalltown, Marshalltown16$83,921,872$83,646,0820.3%

Patients and payers

Discharges
1,048
S-3 line 14, col 15
Inpatient days
2,863
S-3 line 14, col 8
Beds in use, on an average day
7.9
days ÷ days in year
Occupancy
52.3%
days ÷ bed days
Medicare share of days
36.1%
S-3 cols 6 ÷ 8
Medicaid share of days
0.7%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: TRHS (100%), ownership; UPC (100%), control.

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by UNITY HEALTHCARE (employer identification number 420680337) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$1,152,857IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$511,031IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$511,031IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$641,826IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0201IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202433199349310528. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by UNITY HEALTHCARE (employer identification number 420680337) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
BENJAMIN POHL PA-CBOARD MEMBERTrustee/director$190,192$0$16,190
CANDACE TERRILLBOARD TREASURERTrustee/director, Officer$0$0$0
CAROL WEBBBOARD MEMBERTrustee/director$0$0$0
CHARLA SCHAFERBOARD MEMBERTrustee/director$0$0$0
CLINT CHRISTOPHERBOARD MEMBERTrustee/director$0$0$0
DANIEL STEINBOARD CHAIRTrustee/director, Officer$0$0$0
HEIDI PARKHURSTBOARD MEMBERTrustee/director$0$0$0
JASON THORNBURG PA-CPHYSICIANS ASSISTANTHighest-compensated employee$263,294$0$19,016
JENNY OLSON DNPNURSE PRACTITIONERHighest-compensated employee$199,236$0$39,392
JOHN SHEEHANFORMER BD MEMBER/INTERIM PRES/CEOFormer$0$489,785$4,437
KATHERINE MARCHIKSR VP FINANCE/CFOOfficer$0$429,153$101,132
KATHRYN LEDBETTER NPNURSE PRACTITIONERHighest-compensated employee$285,838$0$31,786
MARIA TERESA-GALOSO MDBOARD MEMBERTrustee/director$0$174,230$35,517
PEGGY CREAMER ARNPNURSE PRACTITIONERHighest-compensated employee$192,287$0$30,576
RACHEL CREAMER ARNPNURSE PRACTITIONERHighest-compensated employee$187,085$0$20,712
RHONDA SOWARDSMEDICAL DIRECTOROfficer$0$751,418$41,797
RICHARD SEIDLERFORMER BD MEMBER/PRESIDENT/CEOFormer$0$369,890$0
ROBERT ERICKSONBOARD MEMBER/PRESIDENT/CEOTrustee/director, Officer$0$1,395,743$46,747
ROBERT WEIS MDBOARD MEMBERTrustee/director$0$79,151$3,946
ROSY AVALOS-EICHELBERGERBOARD MEMBERTrustee/director$0$0$0
SHAWN MORROWBOARD MEMBER/MARKET PRESTrustee/director, Officer$0$137,609$17,955
TONI ELLER ODBOARD MEMBERTrustee/director$0$0$0
TOYOSI OLUTADE MDCHIEF MEDICAL OFFICERKey employee$0$834,799$42,798
TROY FRIDLEYBOARD MEMBERTrustee/director$0$0$0
YACOUB ZAYADINBOARD MEMBERTrustee/director$0$338,597$21,526

E-file object id 202433199349310528. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Iowa

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 160013. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read May 12, 2026.