Iowa · Nonprofit
Virginia Gay Hospital Inc
Virginia Gay Hospital Inc (Iowa) receives grants from 2 organizations whose IRS filings report $26,144 to it, the largest being IOWA HEALTH CARE ASSOCIATION FOUNDATION ($15,856). 0 of them have funded it in more than one year.
- Revenue FY2025
- $45M
- Funders on record
- 2
- Grants received
- $26k
- Net assets
- $54M
What Virginia Gay Hospital Inc does
Mission
Our purpose is to provide quality health care services by using innovative, growth-oriented techniques and maintaining a sound financial base.
As stated on its FY2025 Form 990.
Program
Virginia Gay Hospital is a 25-bed acute care hospital and a 40-bed long-term care facility located in Vinton, Iowa. The Hospital leads delivery of healthcare to its region through over 300 associates (including 19 providers) who coordinate care to deliver patient care as an integrated unit. Virginia Gay Hospital and its affiliates also work seamlessly to meet the needs of the communities they serve. The Hospital provides care to patients and residents who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the Hospital does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue. (Continued on Schedule O)The amounts of charges foregone for services provided under the Hospital's charity care policy were $102,809 for the year ended June 30, 2025. Total direct and indirect costs related to these charges foregone were approximately $52,000 at June 30, 2025, based on an average ratio of cost to gross charges.In addition, the Hospital provides services to other patients under certain government-reimbursed public aid programs. Such programs pay providers amounts which are…
$33,289,254 spentof which $14,000 as grants$41,871,873 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $33,289,254.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $40M to $52M (+30%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2020 0% · 2021 21% · 2022 2% · 2023 5% · 2024 10% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.
2% of Virginia Gay Hospital Inc’s revenue is contributions — about as donation-reliant as the typical peer (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
David Vermedahl
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base held at 1 funder, grant income rose $10k → $16k.
Left out of every figure on this page: $2.6M from one payer (the payer shares this organization's board, largest Virginia Gay Hospital Health Care Foundation). These are real filings, and they are not money Virginia Gay Hospital Inc raised.
From the IRS filings of Virginia Gay Hospital Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Virginia Gay Hospital Inc leans on a few funders — its largest provides 61% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Virginia Gay Hospital Inc.
Largest funder’s share by year: 2020 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of Virginia Gay Hospital Inc's grant income comes from Iowa funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Virginia Gay Hospital Inc runs a healthier operating margin than three-quarters of the 2,843 health nonprofits its size.
this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025
Government funding Virginia Gay Hospital Inc receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $492k on record.
- Department of Agriculture$492k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Virginia Gay Hospital Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Iowa
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 3 related entities
- Virginia Gay Nursing & Rehab LLC · disregarded
- Virginia Gay Trust · exempt
- Cedar View Retirement Community Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Virginia Gay Hospital Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Virginia Gay Hospital Inc?
- Virginia Gay Hospital Inc (Iowa) receives grants from 2 organizations whose IRS filings report $26,144 to it, the largest being IOWA HEALTH CARE ASSOCIATION FOUNDATION ($15,856). 0 of them have funded it in more than one year.
- How many funders does Virginia Gay Hospital Inc have?
- IRS filings report 2 organizations giving $26,144 in grants to Virginia Gay Hospital Inc.
- Who is the largest funder of Virginia Gay Hospital Inc?
- IOWA HEALTH CARE ASSOCIATION FOUNDATION is the largest funder on record, with $15,856 in grants. The full list of funders is on this page.
- How can an organization like Virginia Gay Hospital Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Virginia Gay Hospital →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing