Catholic Health Initiatives - Iowa Corp, operating as MercyOne Des Moines, is a 501(c)(3) nonprofit healthcare organization based in Des Moines, Iowa. The organization operates the longest continually operating hospital in Des Moines and Iowa's largest medical center, featuring 802 available beds. As one of the Midwest's largest referral centers, the organization provides comprehensive acute care hospital services and has received numerous accolades for quality care and excellence at both local and national levels.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1B
+57.5% YoY
Annual Giving
$2.8M
-83.8% YoY
Grant Count
9
-50.0% YoY
Avg Grant Size
$310K
-67.7% YoY
Mission & Focus Areas
Mission Statement: "We, Catholic Health Initiatives - Iowa, Corp. and Trinity Health, serve together in the spirit of the Gospel as a compassionate and transforming healing presence within our communities."
The organization focuses on improving the health of those most in need, particularly vulnerable populations, while advancing social justice. Working with community partners, the organization concentrates its efforts on creating healthier communities through comprehensive healthcare services and community health initiatives.
Grantmaking
Catholic Health Initiatives - Iowa Corp engages in grantmaking activities with a focus on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. According to recent filings, the organization reported total giving of $2,809,272, with typical award amounts ranging from $6,500 to $62,200,050.
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Geographic Focus
Where this funder awards grants
The organization's grantmaking priorities are primarily concentrated in Iowa.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of June 2024:
- Total Assets: $1,094,807,010
- Annual Revenue: $977,048,225
- Total Expenses: $1,001,217,765
- Total Giving: $2,809,272
As of June 2023:
- Total Assets: $695,000,000
- Annual Revenue: $897,000,000
- Total Expenses: $962,000,000
The organization maintains a strong financial position with total liabilities of $627 million as of 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,094,807,010 | $695,250,879 | $935,566,495 |
| Revenue | $977,048,225 | $896,595,007 | $899,251,353 |
| Expenses | $1,001,217,765 | $962,072,046 | $964,931,390 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-1,625,504 | $4,661,928 | $19,636,596 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT RITZ | DIRECTOR; CEO MERCY HEALTH NETWORK | 1 | — |
| HIJINIO CARREON DO | EVP, CMO; COO MERCYONE IA | 25 | — |
| MICHAEL WEGNER | DIR&PRES MERCYONE CTRL IA THR 12/23 | 20 | — |
| RANDALL RUBIN | FORMER OFFICER; SVP, CFO THR 6/23 | — | $995,107 |
| MARK TANNENBAUM MD | CARDIOLOGIST | 50 | $932,482 |
| ATUL CHAWLA MD | CARDIOLOGIST | 50 | $915,526 |
| MUDASSIR MALIK MD | CARDIOLOGIST | 50 | $898,551 |
| AARON FROM MD | CARDIOLOGIST | 50 | $897,175 |
| DAVID HOCKMUTH MD | CARDIOTHORACIC SURGEON | 50 | $876,843 |
| KURT ANDERSEN | DIR& INT PRES MERCYONE IA AS OF 1/24 | 53 | — |
| NEIL HORNING MD | DIRECTOR;PULMONOLOGIST CRITICAL CARE | 1 | $727,222 |
| MICHAEL FRAIZER MD | DIRECTOR; CARDIOLOGIST | 49 | $650,098 |
| ERIN NETTELAND-SANDVIG DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE | 1 | $517,102 |
| JODIE ROETTGER | VP FIN & CFO MERCYONE IA 7/23-12/23 | 1 | — |
| STEPHEN NOWAK DO | DIRECTOR; PHYSICIAN FAMILY MEDICINE | 1 | $54,810 |
| MONICA FRIEDMAN | DIRECTOR; CHAIR | 1 | — |
| THERESA MCCONEGHEY | DIRECTOR; VICE CHAIR | 1 | — |
| GLEN HALL | DIRECTOR; SECRETARY | 1 | — |
| TERRY LILLIS | DIRECTOR; TREASURER | 1 | — |
| EMILY ABBAS | DIRECTOR | 1 | — |
| BRENDA CUSHING | DIRECTOR | 1 | — |
| BRIAN JOHNSON | DIRECTOR | 1 | — |
| PATRICIA MCDERMOTT | DIRECTOR | 1 | — |
| TIMOTHY MILLER | DIRECTOR | 1 | — |
| CHRISTOPHER NELSON PHD | DIRECTOR | 1 | — |
| MAURITA SOUKUP RSM | DIRECTOR | 1 | — |
| VANESSA FREITAG | CHIEF OPERATING OFFICER AS OF 4/24 | 47 | — |
| TERRI DONOVAN PD BY MGMT CO | CONSULTANT THR12/23; INT VP FIN 1/24 | 1 | — |
Recent News & Activity
Recent developments and announcements
The organization has received recognition for healthcare innovation and research initiatives. Recent activity includes participation in federal grant programs, including the Rural Health Care Services Outreach Grant Program through the U.S. Department of Health and Human Services.
Catholic Health Initiatives Iowa Corp., DBA Mercy Medical ... - CMSSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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