IOWA HEALTHCARE COLLABORATIVE DBA COMPASS HEALTHCARE COLLABORATIVE (EIN 203869767) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

THOMAS C EVANS MD

Phone

5152839330

Tax Period

2024-01-01 to 2024-12-31

IOWA HEALTHCARE COLLABORATIVE DBA COMPASS HEALTHCARE COLLABORATIVE, founded in 2006, is a community nonprofit in the Health Care sector that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $7.6M left a modest 5% surplus.

Mission

IOWA HEALTHCARE COLLABORATIVE WAS ORGANIZED FOR THE PURPOSE OF PROMOTING QUALITY IMPROVEMENT, PATIENT SAFETY, AND VALUE THROUGH EDUCATION. THE COLLABORATIVE BRINGS TOGETHER PROVIDERS FROM ACROSS THE STATE OF IOWA TO WORK TOWARD THE COMMON GOAL OF EXCEPTIONAL HEALTHCARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,537,801

Program Service Revenue $73,670

Investment Income $256,771

Other Revenue $136,167

TOTAL REVENUE $8,004,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,987,403

Fundraising Expenses $5,500

Program Expenses $5,568,303

Other Expenses $3,607,844

TOTAL EXPENSES $7,595,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,004,409	$7,111,422	+0.1%
Expenses	$7,595,247	$6,603,969	+0.2%
Net Income	$409,162	$507,453	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$653,376

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROMANO MD	CHAIR	1.00	Officer Director	$0	$0	$0
GERARD CLANCY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN DIETER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
AARON WIESE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CHURCHILL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA VOLANTE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KRUSE MD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
PAT MERRYWEATHER-ARGES	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON STRICKLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA TAYLOR MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS EVANS MD	PRESIDENT, CEO	40.00	Officer	$592,516	$60,860	$653,376
JENNIFER BROCKMAN	CHIEF CLINICAL PROGRAM OFF	40.00	Highest	$231,246	$48,018	$279,264
CHRISTOPHER EVANS	CHIEF OPERATING OFFICER	40.00	Highest	$244,796	$47,462	$292,258
CHARISSE COULOMBE	DIRECTOR, HEALTH SERVICES	40.00	Highest	$147,399	$21,387	$168,786
DAMON MORRISON	DIRECTOR OF INFORMATION TE	40.00	Highest	$140,258	$28,138	$168,396
STEPHANIE MULLER	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$134,155	$15,284	$149,439
CARI SEDDON	DIRECTOR, COMMUNITY QUALIT	40.00	Highest	$126,690	$12,613	$139,303
TARA STEINKUEHLER	DIRECTOR, FINANCE	40.00	Highest	$128,697	$19,578	$148,275
KARTHIK ABBINENI	SENIOR DATA ANALYST	40.00	Highest	$104,695	$15,019	$119,714
KATHERINE COLLINS	CLINICAL IMPROVEMENT CONSU	40.00	Highest	$102,144	$22,096	$124,240
JILLIAN SCHNEIDER	DIRECTOR, AMBULATORY QUALITY INITIATIVES	40.00	Highest	$109,583	$10,297	$119,880
ADEWALE TYCHUS	PROJECT COORDINATOR	40.00	Highest	$105,252	$8,441	$113,693
LANA COMSTOCK	CLINICAL IMPROVEMENT CONSU	40.00	Highest	$102,659	$8,234	$110,893
VENISHA LAMBERT-WILTZ	CLINICAL IMPROVEMENT CONSU	40.00	Highest	$101,350	$9,562	$110,912

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$8,004,409	$7,595,247	$14,070,884	$409,162
2023	$7,111,422	$6,603,969	$12,894,980	$507,453
2022	$6,125,027	$6,312,089	$11,009,949	$-187,062
2021	$5,601,701	$5,918,856	$12,881,277	$-317,155
2020	$5,662,015	$5,966,874	$13,595,405	$-304,859
2019	$13,127,593	$13,186,410	$13,796,125	$-58,817
2018	$17,281,223	$16,223,837	$12,909,573	$1,057,386

IOWA HEALTHCARE COLLABORATIVE DBA COMPASS HEALTHCARE COLLABORATIVE