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Short-term acute care hospital · Waterloo, Iowa · 137 beds · CMS certification number 160067

Mercyone Waterloo Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS January 8, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$371.1M
$371,084,060 · G-3 line 3
Operating expenses
$389.3M
$389,275,740 · G-3 line 4
Result from patient care
−$18.2M
−$18,191,680 · G-3 line 5
Margin on patient care
−4.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $112.0M in its first year on file (1997) to $371.1M in 2025.
  • Its result from patient care: −$14.4M (2023), −$50.3M (2024), −$18.2M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 13.1% of its inpatient days and Medicare for 19.8%.
  • MERCY HEALTH NETWORK INC holds 100% of it, on its Medicare enrollment.

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
$112.0M
$206.3M
1998
reopened
$311.6M
$231.3M
1999
reopened
$140.4M
$141.1M
2000
reopened
$141.8M
$150.8M
2001
reopened
$163.8M
$157.2M
2002
reopened
$178.3M
$164.2M
2003
reopened
$189.4M
$180.2M
2004
reopened
$328.2M
$352.7M
2005
reopened
$206.7M
$185.0M
2006
reopened
$217.8M
$226.9M
2007
reopened
$232.3M
$246.0M
2008
settled with audit
$228.8M
$250.7M
2009
reopened
$233.6M
$245.1M
2010
reopened
$225.8M
$231.4M
2011
reopened
$211.7M
$203.9M
2012
reopened
$225.8M
$212.0M
2013
reopened
$239.3M
$217.9M
2014
reopened
$252.7M
$228.2M
2015
reopened
$251.4M
$237.5M
2016
reopened
$258.0M
$256.7M
2017
reopened
$284.0M
$281.6M
2018
reopened
$251.8M
$262.6M
2019
reopened
$268.1M
$259.2M
2020
reopened
$285.8M
$267.1M
2021
settled
$281.1M
$279.8M
2022
settled
$284.3M
$305.1M
2023
settled
$283.3M
$297.7M
2024
settled
$350.5M
$400.8M
2025
as submitted
$371.1M
$389.3M

Beside its peers

Short-term acute care hospitals in Iowa with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Mercyone Waterloo Medical Center137$371,084,060$389,275,740−4.9%
CHI Health Mercy Council Bluffs, Council Bluffs141$122,316,646$127,184,510−4.0%
Methodist Jennie Edmundson, Council Bluffs117$165,581,238$162,063,5182.1%
Mary Greeley Medical Center, Ames150$259,441,338$256,853,1621.0%
Mercyone Dubuque Medical Center, Dubuque142$169,941,430$202,908,020−19.4%
Mercyone Siouxland Medical Center, Sioux City115$156,293,161$204,680,134−31.0%

Patients and payers

Discharges
6,820
S-3 line 14, col 15
Inpatient days
30,239
S-3 line 14, col 8
Beds in use, on an average day
83.1
days ÷ days in year
Occupancy
60.5%
days ÷ bed days
Medicare share of days
19.8%
S-3 cols 6 ÷ 8
Medicaid share of days
13.1%
S-3 cols 7 ÷ 8

Who owns it

  • MERCY HEALTH NETWORK INC100%
  • TRINITY HEALTH CORPORATION100%
  • WHEATON FRANCISCAN HEALTHCARE - IOWA INC100%

Related organizations on its own cost report: WHEATON IOWA, medical ho.

Other hospitals with the same owner: Saint Agnes Medical Center (CA), Saint Francis Hospital and Medical Center (CT), Johnson Memorial Hospital (CT), Saint Mary's Hospital (CT), Mount Sinai Rehabilitation Hospital (CT), St. Francis Hospital (DE), Holy Cross Hospital (FL), St. Mary's Health Care System (GA).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by SARTORI MEMORIAL HOSPITAL INC (employer identification number 420758901) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$453,112IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$108,152IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$0IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$108,152IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$344,960IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0138IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202441349349306779. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by SARTORI MEMORIAL HOSPITAL INC (employer identification number 420758901) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALAN KRUGERDIRECTORTrustee/director$0$0$0
ALEX HANSENPHARMACISTHighest-compensated employee$104,011$0$38,776
ANNE HENNESSEY DDSDIRECTOR THROUGH 12/22Trustee/director$0$0$0
BRENT NELSONREGISTERED NURSEHighest-compensated employee$148,233$0$24,040
BRIAN BURNETT MDDIRECTOR; PHYSICIANTrustee/director$0$363,552$59,266
CAROL TOUSLEYDIRECTORTrustee/director$0$0$0
DAVID DEAVERDIRECTOR; CHAIRTrustee/director, Officer$0$0$0
JACK DUSENBERYDIR & PRES, MERCYONE NE IA THR 4/23Trustee/director, Officer$0$705,049$45,779
JAMES HARTEL MDDIRECTOR THROUGH 12/22Trustee/director$0$0$0
KATHRYN EISENMANREGISTERED NURSEHighest-compensated employee$105,416$0$8,615
KELLY RICHARDSCHIEF NURSING OFFICERKey employee$0$261,858$44,208
MATTHEW SOJKA MDVP, MEDICAL AFFAIRSKey employee$0$460,897$43,906
NANCY SCHAEFERASSISTANT SECRETARY; EXEC ASSISTANTOfficer$0$65,485$5,395
NERMINA SCHULTZHOUSE SUPERVISORHighest-compensated employee$106,739$0$39,027
RACHELLE MAKINDE MDDIRECTOR; PHYSICIANTrustee/director$0$449,922$45,723
ROBERT RITZDIRECTOR; CEO MERCY HEALTH NETWORKTrustee/director$0$1,923,691$64,471
RYAN MEYERVP, SITE ADMINISTRATORKey employee$183,801$13,614$36,058
SANDRA BENAKDIRECTORTrustee/director$0$0$0
THERESA TORRESREGISTERED NURSEHighest-compensated employee$143,328$0$30,986
TIM BOETTGERDIRECTORTrustee/director$0$0$0
TIMOTHY HUBERASSISTANT TREASURER; VP OF FINANCEOfficer$0$288,515$59,758

E-file object id 202441349349306779. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 160067. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read January 8, 2026.