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Filing year 2024

INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION

International Falls, Minnesota·EIN 41-0726171·NTEE E22Z · Health Care·3
Total revenue
$43.9M
Total assets
$39.8M
Total expenses
$43.4M
Reported officers
15
Mission

PROVIDE ACCESSIBLE QUALITY HEALTHCARE TO OUR COMMUNITIES USING VALUES OF INTEGRITY AND RESPECT, COMPASSION AND EXCELLENCE THROUGH TEAMWORK (ICE) IN SUPPORT OF THE VISION COMPRISED OF THE FOLLOWING ELEMENTS: PROVIDER OF CHOICE OF OUR COMMUNITIES, PATIENT AND FAMILY-CENTERED CARE, EXPANDING SERVICES, REGIONAL SPECIALTY RELATIONSHIPS AND PREFERRED HEALTHCARE EMPLOYER.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

Base
$313k
Bonus
$32k
Other
$14k
Benefits
$39k
General Surgeon
highest compensated employee
$383k
$412k
Base
$344k
Bonus
Other
Benefits
$31k
Physician
highest compensated employee
$323k
$348k
Base
$301k
Bonus
Other
$1k
Benefits
$14k
Physician
highest compensated employee
$291k
$313k
Base
$245k
Bonus
$5k
Other
$1k
Benefits
$33k
Cno
highest compensated employee
$201k
$216k
Base
$178k
Bonus
$5k
Other
$1k
Benefits
$11k
Pharmacist
highest compensated employee
$194k
$209k
Base
$172k
Bonus
$7k
Other
$7k
Benefits
$4k
Contracted CFO (thru 06/2024)
$136k
$147k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Health Care

Up 7%
from 2023

From $389k in 2023 to $415k in 2024.

$389k
2023
$415k
2024
In today's dollarsEst.
Up 4% in real terms$430k to $446k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$34.5M
$34.2M
2023
$43.9M
$43.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn in Minnesota

Comparable health care organizations in Minnesota pay their highest-earning executive a median of $98,834.

25th percentile
$35k
Median
$98,834
75th percentile
$242k
90th percentile
$667k

These are health care sector-wide figures, not this organization's reported pay. Based on 102 organizations across 102 filings (2021 – 2023).

See full Health Care pay data for Minnesota
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