Civic Intelligence

Simpson Memorial Home Inc

EIN 42-0950871 • 501(c)3 • West Liberty, IA

Profile

Simpson memorial home, inc will continue the tradition of being a responsive provider of excellent quality care to the communities we serve.

Refreshing map…

1000 N Miller StWest Liberty, IA 52776

www.simpsonmemorialhome.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.22x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.30x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

24th percentile

-5.0%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$123,480

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

23rd percentile

-2.9%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

49th percentile

6.8%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$13,720,285

Down $1,099,035 (-7.4%) from 2023

Liabilities

Down

$2,959,217

Down $73,881 (-2.4%) from 2023

Net Assets

Down

$10,761,068

Down $1,025,154 (-8.7%) from 2023

Revenue

Up

$9,865,084

Up $1,570,341 (+19%) from 2023

Expenses

Up

$10,355,819

Up $1,113,101 (+12%) from 2023

Net Income

Up

-$490,735

Up $457,240 (+48%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $8,917,582Liabilities 2011: $2,421,162Net Assets 2011: $6,496,4202011Assets 2012: $8,974,996Liabilities 2012: $2,022,328Net Assets 2012: $6,952,6682012Assets 2013: $9,630,011Liabilities 2013: $2,286,592Net Assets 2013: $7,343,4192013Assets 2014: $15,231,491Liabilities 2014: $7,731,488Net Assets 2014: $7,500,0032014Assets 2015: $14,791,761Liabilities 2015: $6,321,602Net Assets 2015: $8,470,1592015Assets 2016: $15,214,336Liabilities 2016: $5,983,556Net Assets 2016: $9,230,7802016Assets 2017: $14,920,824Liabilities 2017: $5,002,078Net Assets 2017: $9,918,7462017Assets 2018: $14,353,900Liabilities 2018: $4,311,275Net Assets 2018: $10,042,6252018Assets 2019: $14,447,144Liabilities 2019: $3,972,314Net Assets 2019: $10,474,8302019Assets 2020: $16,193,522Liabilities 2020: $4,878,425Net Assets 2020: $11,315,0972020Assets 2021: $16,022,479Liabilities 2021: $3,675,238Net Assets 2021: $12,347,2412021Assets 2022: $15,879,383Liabilities 2022: $3,217,916Net Assets 2022: $12,661,4672022Assets 2023: $14,819,320Liabilities 2023: $3,033,098Net Assets 2023: $11,786,2222023Assets 2025: $13,720,285Liabilities 2025: $2,959,217Net Assets 2025: $10,761,0682025

Highlighted filing

2025

Assets$13,720,285
Liabilities$2,959,217
Net Assets$10,761,068

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,475,8022011Expenses 2012: $4,483,2332012Expenses 2013: $4,911,6162013Revenue 2014: $5,600,465Expenses 2014: $5,470,694Net Income 2014: $129,7712014Revenue 2015: $8,341,896Expenses 2015: $7,317,353Net Income 2015: $1,024,5432015Revenue 2016: $8,335,785Expenses 2016: $7,563,267Net Income 2016: $772,5182016Revenue 2017: $8,991,121Expenses 2017: $8,323,144Net Income 2017: $667,9772017Revenue 2018: $8,659,005Expenses 2018: $8,518,225Net Income 2018: $140,7802018Revenue 2019: $8,710,261Expenses 2019: $8,244,422Net Income 2019: $465,8392019Revenue 2020: $9,306,594Expenses 2020: $8,401,040Net Income 2020: $905,5542020Revenue 2021: $9,676,589Expenses 2021: $8,745,414Net Income 2021: $931,1752021Revenue 2022: $9,351,091Expenses 2022: $8,916,865Net Income 2022: $434,2262022Revenue 2023: $8,294,743Expenses 2023: $9,242,718Net Income 2023: -$947,9752023Revenue 2025: $9,865,084Expenses 2025: $10,355,819Net Income 2025: -$490,7352025

Highlighted filing

2025

Revenue$9,865,084
Expenses$10,355,819
Net Income-$490,735

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Summary only. Only limited summary data is available for this year.$13.7$2.96$10.8$9.87$10.4$0.49
2023Summary only. Only limited summary data is available for this year.$14.8$3.03$11.8$8.29$9.24$0.95
2022Summary only. Only limited summary data is available for this year.$15.9$3.22$12.7$9.35$8.92$0.43
2021Summary only. Only limited summary data is available for this year.$16.0$3.68$12.3$9.68$8.75$0.93
2020Summary only. Only limited summary data is available for this year.$16.2$4.88$11.3$9.31$8.40$0.91
2019Summary only. Only limited summary data is available for this year.$14.4$3.97$10.5$8.71$8.24$0.47
2018Summary only. Only limited summary data is available for this year.$14.4$4.31$10.0$8.66$8.52$0.14
2017Summary only. Only limited summary data is available for this year.$14.9$5.00$9.92$8.99$8.32$0.67
2016Summary only. Only limited summary data is available for this year.$15.2$5.98$9.23$8.34$7.56$0.77
2015Summary only. Only limited summary data is available for this year.$14.8$6.32$8.47$8.34$7.32$1.02
2014Summary only. Only limited summary data is available for this year.$15.2$7.73$7.50$5.60$5.47$0.13
2013Summary only. Only limited summary data is available for this year.$9.63$2.29$7.34$4.91
2012Summary only. Only limited summary data is available for this year.$8.97$2.02$6.95$4.48
2011Summary only. Only limited summary data is available for this year.$8.92$2.42$6.50$4.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.0
Gross Receipts
$10,383,917
Mission and Program Overview

Mission

Providing care in the communities we serve where people feel valued, safe, respected, and loved.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,377,980$9,002,839▼ $375,141
Investments in Publicly Traded Securities$2,934,010$2,814,438▼ $119,572
Savings and Temporary Cash Investments$1,213,854$1,289,233▲ $75,379
Accounts Receivable$498,279$504,478▲ $6,199
Inventories for Sale or Use$58,748$65,283▲ $6,535
Prepaid Expenses and Deferred Charges$10,872$2,426▼ $8,446
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Total Assets$14,135,610$13,720,285▼ $415,325
Other Assets Total$40,867$40,588▼ $279
Liabilities
Tax Exempt Bond Liabilities$1,284,530$1,126,123▼ $158,407
Deferred Revenue$882,758$921,128▲ $38,370
Accounts Payable and Accrued Expenses$688,440$764,842▲ $76,402
Other Liabilities$121,323$146,634▲ $25,311
Escrow Account Liability$490$490→ $0
Total Liabilities$2,977,541$2,959,217▼ $18,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,761,583$10,364,861▼ $396,722
Net Assets With Donor Restrictions$396,486$396,207▼ $279
Total Net Assets Fund Balance$11,158,069$10,761,068▼ $397,001
Total Liabilities and Net Assets / Fund Balance$14,135,610$13,720,285▼ $415,325

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,092,054$8,240,214$16,332,268
Equipment$261,198$3,036,223$3,297,421
Other Land Buildings$447,034$986,710$1,433,744
Land$202,553-$202,553

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$24,360-▲ $73$400$24,033
2023$24,390-▲ $370$400$24,360
2022$24,438-▲ $352$400$24,390
2021$24,776-▲ $62$400$24,438
2020$24,686-▲ $223$133$24,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad ThomasExecutive DiFT$123,480-$123,480
Clifford McferrenAdministratoFT$111,592-$111,592
Laura BrandtAdministratoFT$12,224$787$13,011

Board Members and Trustees

NameTitle
Cindy Mays Term Ended 6302025President
Bob OwenDirector
Fred GrunderDirector
Gary MoellerDirector
Lori Leggins Left 6302024Director
Robert MillerDirector
Ted MarolfDirector
Dawn SmithTreas.(pres-
Sara SedlacekVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Universal Health ServicesGroup Benefits367 SOUTH GULPH ROAD, King Of Prussia, PA 19406$629,106
Martin Bros Distributing CoDining Food406 VIKING ROAD, Cedar Falls, IA 50613$310,873
Blue Stone TherapyTherapy2830 100 ST SUITE 100, Urbandale, IA 52001$185,351
City Of West LibertyUtilties409 CALHOUN ST, West Liberty, IA 52776$181,791
Westfield InsuranceInsurance1080 JORDAN CREEK PKWY 170, West Des Moines, IA 50266$138,675
Revenue and Support

Revenue Composition

Contributions and Grants
$12,487
Program Service Revenue
$9,599,206
Investment Income
$119,272
Other Revenue
$134,119
All Other Contributions
$12,487
Change in Net Assets
$-490,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,865,084
Revenue Not Reported on Form 990
$341,693
Total Revenue per Audited Statements
$10,206,777
Total Revenue per Form 990
$9,865,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,492,803
Other Expenses$3,863,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,209,636$171,479-$5,381,115
Other Employee Benefits$491,855$4,835-$496,690
Fees for Services Other$466,265--$466,265
Depreciation Depletion$226,512$231,189-$457,701
Payroll Taxes$395,607$23,915-$419,522
Occupancy$379,172$18,125-$397,297
Current Officers, Directors, Trustees, and Key Employees-$195,476-$195,476
Interest-$55,242-$55,242
Other Expenses$10,710$665,277-$10,710
Total Functional Expenses$8,981,546$1,374,273$0$10,355,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,603,778
Expenses per Audited Statements$10,355,819
Total Expenses per Form 990$10,355,819
Expenses Not Reported on Form 990$247,959
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$146,634

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Wilton Iowa2013-03-18$4,200,00034 BED NURSING HOME

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,200,000-$3,073,877$4,150,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Once a draft is received, copies will be provided to each board member for review prior to the next scheduled board meeting. At the board meeting, members will be able to ask questions, have discussion, and approve if acceptable. If approval is voted on and passes, the board president will sign.

Form 990, Page 6, Part VI, Line 12C

The policy is reviewed annually at the start of each fiscal year during a board meeting and as any new members come on. Chad thomas, executive director, is designated to review any potential conflicts and alert the board to those potential conflicts so the matter can be reviewed, discussed, and voted on, if needed, at a board meeting.

Form 990, Page 6, Part VI, Line 15A

The administrators and executive director develop a percentage range for wage increases for all employees at the beginning of the budget year, and the board votes on and approves that percentage range for wage increases. Annual evaluations for the administrators and executive director and staff surveys are completed in january of each year. The board reviews those evaluations and surveys; reviews information from an industry wide wage survey that is updated annually; reviews the budgeted percentage range for wage increases; and then sets any salary increase for the administrators and executive director by a full vote of the board.

Form 990, Page 6, Part VI, Line 15B

The administrators and executive director develop a percentage range for wage increases for all employees at the beginning of the budget year, and the board votes on and approves that percentage range for wage increases. Annual evaluations of department directors are completed by their administrator. Administrators have the authority to then approve wage increases for the department directors without further board approval so long as the increases fall within the budgeted percentage range for wage increases.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public during the tax year upon request.

Filing and Contact Details

Filer

Filer Name
Simpson Memorial Home Inc
EIN
42-0950871
Phone
3196274775
Address
1000 N MILLER ST, WEST LIBERTY, IA 52776

Signing Officer

Name
Dawn Smith
Title
Treas.(pres-elect)
Phone
3196274775
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Smith
Formed
1975
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
245
Volunteers
20

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization holds, in trust, funds advanced by residents of the nursing facilities to be used at each resident's discretion. The funds are maintained in a separate non-interest bearing account and the organization has a fiduciary responsibility for the administration of these funds.

Schedule D, Page 2, Part V, Line 4

The purpose of the endowment fund is to make an annual scholarship distribution of 400.

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and a similar section of the iowa income tax law, which provides income tax exemption for corporations organized and operated exclusively for religious, charitable, or educational purposes. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Schedule D, Page 4, Part XI, Line 2D

RENTAL EXPENSES 247,959

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 247,959

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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