Velarion Records

Critical access hospital · Ida Grove, Iowa · 25 beds · CMS certification number 161354

Horn Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 1, 2026. 22 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$25.0M
$24,953,720 · G-3 line 3
Operating expenses
$28.8M
$28,785,691 · G-3 line 4
Result from patient care
−$3.8M
−$3,831,971 · G-3 line 5
Margin on patient care
−15.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.1M in its first year on file (2004) to $25.0M in 2025.
  • Its result from patient care: −$3.1M (2023), −$4.0M (2024), −$3.8M (2025).
  • 2 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

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

22 years of filings

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

Net patient revenueOperating expenses
2004
reopened
$9.1M
$8.5M
2005
reopened
$10.1M
$9.5M
2006
reopened
$11.3M
$11.2M
2007
reopened
$12.0M
$12.0M
2008
reopened
$13.0M
$13.3M
2009
settled
$14.1M
$13.7M
2010
settled
$15.4M
$16.1M
2011
reopened
$16.6M
$17.0M
2012
settled with audit
$16.5M
$16.5M
2013
settled
$16.2M
$16.7M
2014
reopened
$17.4M
$17.2M
2015
settled
$18.4M
$17.8M
2016
settled
$18.1M
$18.6M
2017
settled
$19.4M
$19.3M
2018
settled
$18.9M
$20.4M
2019
settled
$19.4M
$20.7M
2020
settled
$19.5M
$21.9M
2021
settled
$22.4M
$23.7M
2022
settled
$24.1M
$26.1M
2023
settled
$24.4M
$27.5M
2024
settled
$25.6M
$29.6M
2025
as submitted
$25.0M
$28.8M

Beside its peers

Critical access hospitals in Iowa with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Horn Memorial Hospital25$24,953,720$28,785,691−15.4%
Franklin General Hospital, Hampton25$29,579,752$30,707,291−3.8%
Grundy County Memorial Hospital, Grundy Center25$40,182,578$34,694,38013.7%
Hancock County Health System, Britt25$31,795,008$34,237,396−7.7%
Iowa Specialty Hospital- Clarion, Clarion25$98,705,037$95,382,1813.4%
Pocahontas Community Hospital, Pocahontas25$18,666,192$17,733,4855.0%

Patients and payers

Discharges
136
S-3 line 14, col 15
Inpatient days
1,345
S-3 line 14, col 8
Beds in use, on an average day
3.7
days ÷ days in year
Occupancy
14.7%
days ÷ bed days
Medicare share of days
68.8%
S-3 cols 6 ÷ 8

Who owns it

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by IDA COUNTY IOWA COMMUNITY HOSPITAL INC (employer identification number 420843389) 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)$207,446IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$16,061IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$169,922IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$185,983IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$21,463IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0073IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202403099349300440. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by IDA COUNTY IOWA COMMUNITY HOSPITAL INC (employer identification number 420843389) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALBERT VELTRIPHYSICIANHighest-compensated employee$358,576$0$58,448
CHRISTINA HANSONDIRECTORTrustee/director$0$0$0
COLE BOGERTREASURERTrustee/director, Officer$0$0$0
CURTIS HESSEPHYSICIANHighest-compensated employee$239,618$0$23,072
DAVID FORBESVICE CHAIRTrustee/director, Officer$0$0$0
DENISE REDENIUSDIRECTORTrustee/director$0$0$0
GLEN WINEKAUFCEOOfficer$211,996$0$11,936
JEAN BURNSCHAIRTrustee/director, Officer$0$0$0
JONI SCHUMANNCFO THRU 9/23Officer$118,046$0$19,750
KELLI BOYLESECRETARYTrustee/director, Officer$0$0$0
KRIS GUNDERSONDIRECTORTrustee/director$0$0$0
MAX DELANEYCRNAHighest-compensated employee$239,275$0$52,982
NICHOLE EHRIGCFOOfficer$110,407$0$2,330
PETER GOLDSMITHDIRECTOR THRU 4/23Trustee/director$0$0$0
ROB PAULSENDIRECTORTrustee/director$0$0$0
SHARON VANDEVEGTEPHYSICIANHighest-compensated employee$236,411$0$52,131
SHELLY ELSEPAHighest-compensated employee$156,713$0$50,251
VANCE LUNDELLDIRECTORTrustee/director$0$0$0

E-file object id 202403099349300440. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 161354. 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 June 1, 2026.