IOWA CITY VA MEDICAL RESEARCH FOUNDATION

EIN: 391886437 501(c)(3) Medical Research

IOWA CITY, IA

Total Revenue
$478,228
Total Expenses
$639,876
Total Assets
$1,233,111
Net Assets
$358,240
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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
1997
Legal Domicile
IA
Principal Officer
KATHLEEN HOLT
Phone
3196883542
Tax Period
2024-01-01 to 2024-12-31

IOWA CITY VA MEDICAL RESEARCH FOUNDATION, founded in 1997, is a small nonprofit in the Medical Research sector that reported $478K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $640K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO MOBILIZE RESOURCES TO IMPROVE THE HEALTH AND WELL BEING OF THE VETERAN COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40
Program Service Revenue $464,413
Investment Income $13,775
Other Revenue $0
TOTAL REVENUE $478,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $394,988
Fundraising Expenses $0
Program Expenses $429,713
Other Expenses $244,888
TOTAL EXPENSES $639,876

Year-over-Year Comparison

2024 2023 Change
Revenue $478,228 $668,837 -0.3%
Expenses $639,876 $913,958 -0.3%
Net Income $-161,648 $-245,121 -0.3%
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

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Governance

Voting Members
9
Independent Members
7
Employees
6
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
3
$318,322
Total Directors
9
$350,254
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOREK DR MARK CHAIR 2.00
Officer Director
$0 $0 $178,030
POINTS KARI LEFT BEFORE YEAR END DIRECTOR 2.00
Director
$0 $0 $144,698
HOLT KATHLEEN EXECUTIVE DIRECTOR 30.00
Officer
$101,400 $38,892 $140,292
STRECK MELISSA DIRECTOR 2.00
Director
$0 $0 $27,526
MIKELSON JOHN SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JOHNSON-MEKOTA JUDITH DIRECTOR 2.00
Director
$0 $0 $0
KLINE DR JOEL DIRECTOR 2.00
Director
$0 $0 $0
PARKER DR STANLEY DIRECTOR 2.00
Director
$0 $0 $0
VANDERHOEF PETER DIRECTOR 2.00
Director
$0 $0 $0
VASHISTHA DR VISHAL DIRECTOR 2.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $478,228 $639,876 $1,233,111 $-161,648
2023 $668,837 $913,958 $1,296,917 $-245,121
2022 $941,060 $998,126 $845,189 $-57,066
2021 $334,066 $661,850 $928,689 $-327,784
2020 $70,125 $403,361 $1,264,052 $-333,236
2019 $929,500 $841,909 $1,611,234 $87,591
2018 $1,148,566 $1,039,160 $1,834,331 $109,406
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