Catholic Health Initiatives - Iowa Corp
Des Moines, IA · EIN 42-0680448 · Health care · Rank 626 by total revenue
To provide health care and hospital services
Money, Form 990 for tax year 2024
- Total revenue
- $1,048,590,516
- Total expenses
- $1,045,795,602
- Total assets
- $1,415,294,292
- Salary base (all salaries and wages)
- $293,684,937
- Salaries, other pay and benefits
- $358,770,164
- Employees
- 7,996
- Salary base per employee
- $36,729
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (15)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Neil Horning MD | DIR; SEC;PULMONOLOGIST CRITICAL CARE | Board, Officer | 1 | $666,310 |
| Vanessa Freitag | DIRECTOR; CHIEF OPERATING OFFICER | Board, Officer | 47 | $626,404 |
| Theresa McConeghey | DIRECTOR; CHAIR | Board, Officer | 1 | None reported |
| Emily Abbas | DIRECTOR; VICE CHAIR | Board, Officer | 1 | None reported |
| Brian Johnson | DIRECTOR; TREASURER | Board, Officer | 1 | None reported |
| Terri Donovan Pd By Mgmt Co | INTERIM VP FINANCE & CFO, MERCYONE | Officer | 1 | None reported |
| Dennis Szurkus MD | CHIEF MEDICAL OFFICER | Key employee | 50 | $415,326 |
| Robert Ritz | DIRECTOR; CEO MERCY HEALTH NETWORK | Board | 1 | $2,471,013 |
| Michael Fraizer MD | DIRECTOR; CARDIOLOGIST | Board | 49 | $750,860 |
| Erin Netteland-Sandvig DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE | Board | 1 | $602,960 |
| Stephen Nowak DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE | Board | 1 | $62,033 |
| Patricia McDermott | DIRECTOR | Board | 1 | None reported |
| Timothy Miller | DIRECTOR | Board | 1 | None reported |
| Christopher Nelson PHD | DIRECTOR | Board | 1 | None reported |
| Maurita Soukup Rsm | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $11,379,349, which is 3.9% of the $293,684,937 salary base shared by 7,996 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Robert Ritz | DIRECTOR; CEO MERCY HEALTH NETWORK | Board | 1 | $0 | $2,416,873 | $54,140 | $2,471,013 |
| Michael Wegner | FORMER OFFICER | Former | 0 | $0 | $1,198,272 | $455,195 | $1,653,467 |
| Hijinio Carreon DO | FORMER KEY EMPLOYEE; CCO, MERCYONE | Former | 0 | $0 | $1,091,878 | $90,746 | $1,182,624 |
| Atul Chawla MD | CARDIOLOGIST | Highly paid employee | 50 | $923,283 | $0 | $47,437 | $970,720 |
| Mark Tannenbaum MD | CARDIOLOGIST | Highly paid employee | 50 | $895,879 | $0 | $52,204 | $948,083 |
| Marnix Verhofste MD | CARDIOTHORACIC SURGEON | Highly paid employee | 50 | $882,212 | $0 | $43,439 | $925,651 |
| Yuichi Ishida MD | CARDIOTHORACIC SURGEON | Highly paid employee | 50 | $896,658 | $0 | $26,883 | $923,541 |
| Mudassir Malik MD | CARDIOLOGIST | Highly paid employee | 50 | $833,076 | $0 | $54,004 | $887,080 |
| Michael Fraizer MD | DIRECTOR; CARDIOLOGIST | Board | 49 | $698,220 | $0 | $52,640 | $750,860 |
| Neil Horning MD | DIR; SEC;PULMONOLOGIST CRITICAL CARE | Board, Officer | 1 | $619,064 | $0 | $47,246 | $666,310 |
Sources
- IRS e-file return 202621319349304757 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 42-0680448
- Organization website (as filed): www.mercyone.org/desmoines