Critical access hospital · Sac City, Iowa · 25 beds · CMS certification number 161370
Loring Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 19, 2025. 21 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $2.7M in its first year on file (2005) to $21.1M in 2025.
- Its result from patient care: $875K (2023), $2.3M (2024), $2.2M (2025).
- 3 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
Every statement is drawn from figures on this page; nothing is estimated.
21 years of filings
Net patient revenue against operating expenses, each year as filed.
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as submitted
Beside its peers
Critical access hospitals in Iowa with 25 to 49 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Loring Hospital | 25 | $21,135,518 | $18,915,288 | 10.5% |
| Franklin General Hospital, Hampton | 25 | $29,579,752 | $30,707,291 | −3.8% |
| Grundy County Memorial Hospital, Grundy Center | 25 | $40,182,578 | $34,694,380 | 13.7% |
| Hancock County Health System, Britt | 25 | $31,795,008 | $34,237,396 | −7.7% |
| Iowa Specialty Hospital- Clarion, Clarion | 25 | $98,705,037 | $95,382,181 | 3.4% |
| Pocahontas Community Hospital, Pocahontas | 25 | $18,666,192 | $17,733,485 | 5.0% |
Patients and payers
- Discharges
- 121S-3 line 14, col 15
- Inpatient days
- 471S-3 line 14, col 8
- Beds in use, on an average day
- 1.3days ÷ days in year
- Occupancy
- 5.2%days ÷ bed days
- Medicare share of days
- 59.7%S-3 cols 6 ÷ 8
Who owns it
Related organizations on its own cost report: THS; THS; THS; THS.
Type of control on its cost report: voluntary nonprofit, other.
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by LORING HOSPITAL (employer identification number 421418132) for tax year 2022. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $684,220 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $16,134 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $632,240 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $648,374 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $35,846 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.041 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202440329349301684. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by LORING HOSPITAL (employer identification number 421418132) for tax year 2022. The return lists this hospital as its one hospital facility.
| Name | Title | Role | Reportable comp, from this organization | Reportable comp, from related organizations | Other compensation |
|---|---|---|---|---|---|
| ANDY MEREDITH | VICE-CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| BLAKE LUY | NURSE MANAGER | Highest-compensated employee | $104,925 | $0 | $7,536 |
| DR ZOLTON PEK | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| EVAN HECHT | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| FRANK RICHARDSON | CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| KAY BLESSINGTON | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| LUISA CHING | PHYSICAL THERAPIST | Highest-compensated employee | $100,364 | $0 | $21,431 |
| MIKE GREEN | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| PEGGY MUNGER | PHARMACIST | Highest-compensated employee | $160,489 | $0 | $23,120 |
| RUSS DAVIS | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| SHELLY CRUMP | TREASURER | Trustee/director, Officer | $0 | $0 | $0 |
| TANCY BECKER | SECRETARY | Trustee/director, Officer | $0 | $0 | $0 |
E-file object id 202440329349301684. 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 161370. Patients and payers: worksheet S-3 Part I of the same filing.
How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 19, 2025.