DES MOINES UNIVERSITY OSTEOPATHIC … - Form 990 Financial Data

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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

1898

Legal Domicile

Principal Officer

ANGELA L WALKER FRANKLIN

Phone

5152711585

Tax Period

2024-07-01 to 2025-06-30

DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER, founded in 1898, is a major nonprofit in the Education sector that reported $108.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $98.8M left a modest 9% surplus.

Mission

TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $60,249,719 Revenue: $82,005,639

THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,534 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/25. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING TEN GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES PROMOTING A COLLECTIVE STRENGTH: A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN PURSUIT OF KNOWLEDGE AND INNOVATION. ALL PROGRAMS SHARE A SINGULAR MISSION: TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, DISCOVERY OF KNOWLEDGE, AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING.

Program 2

Expenses: $7,720,133 Revenue: $3,996,436

THE UNIVERSITY OPERATES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH-QUALITY, COST-EFFICIENT PATIENT CARE. 30 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL...

THE UNIVERSITY OPERATES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH-QUALITY, COST-EFFICIENT PATIENT CARE. 30 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR NEARLY 34,000 PATIENT VISITS ACROSS SIX SPECIALTIES AND THREE PRIMARY LOCATIONS. THE CLINIC SERVES INSURED, UNINSURED, MEDICARE, MEDICAID, AND OTHER DIVERSE POPULATIONS. THE CLINIC PROVIDED NEARLY 2,200 APPOINTMENTS FOR PATIENTS REQUIRING AN INTERPRETER AT A COST OF OVER $80,000, INCLUDING NEARLY 370 REFUGEE PHYSICALS AND FOLLOW UP APPOINTMENTS. THE CLINIC PROVIDED OVER $19,000 IN FREE AND DISCOUNTED HEALTHCARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY AND SELF-PAY DISCOUNTS. RENT-FREE SPACE WAS PROVIDED TO THE SENIOR HEALTH INSURANCE PROGRAM (SHIP) SERVING OVER 200 SENIORS. CLINIC STAFF AND PROVIDERS ALSO WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL RESOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS.

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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 $16,150,175

Program Service Revenue $85,566,655

Investment Income $6,073,433

Other Revenue $404,001

TOTAL REVENUE $108,194,264

Expense Breakdown

Grants Paid $3,565,942

Salaries & Benefits $48,229,121

Fundraising Expenses $1,517,851

Program Expenses $67,969,852

Other Expenses $46,973,261

TOTAL EXPENSES $98,768,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,194,264	$96,437,904	+0.1%
Expenses	$98,768,324	$93,291,272	+0.1%
Net Income	$9,425,940	$3,146,632	+2.0%

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

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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

1132

Volunteers

1273

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

$1,896,952

Total Directors

Key Employees

$1,010,827

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY K MASON PHD	CHAIR	1.50	Officer Director	$0	$0	$0
MARY A RADIA DO	VICE CHAIR	1.50	Officer Director	$0	$0	$0
MARK C MENADUE DO JD	TREASURER	1.50	Officer Director	$0	$0	$0
MARCIA L HAMMERS	SECRETARY	1.50	Officer Director	$0	$0	$0
LARRY J BAKER DO	TRUSTEE	1.50	Director	$0	$0	$0
ERIC BARP DPM	TRUSTEE	1.50	Director	$0	$0	$0
BARRY BRAVER DO	TRUSTEE	1.50	Director	$0	$0	$0
DIANE BRIDGEWATER	TRUSTEE	1.50	Director	$0	$0	$0
HIJINIO CARREON DO	TRUSTEE	1.50	Director	$0	$0	$0
C RENEE HARDMAN	TRUSTEE	1.50	Director	$0	$0	$0
VICTORIA L HERRING JD	TRUSTEE	1.50	Director	$0	$0	$0
OMAR LATEEF DO	TRUSTEE	1.50	Director	$0	$0	$0
AMBER LENHARDT	TRUSTEE	1.50	Director	$0	$0	$0
S AHMED MERCHANT	TRUSTEE	1.50	Director	$0	$0	$0
STEPHEN RICHARDS DO	TRUSTEE	1.50	Director	$0	$0	$0
STANLEY E SKOPIT DO	TRUSTEE	1.50	Director	$0	$0	$0
DAVID STARK	TRUSTEE	1.50	Director	$0	$0	$0
BERNARD SWIFT DO	TRUSTEE	1.50	Director	$0	$0	$0
MICHAEL C WITTE DO	TRUSTEE	1.50	Director	$0	$0	$0
ANGELA L WALKER FRANKLIN PHD	PRESIDENT, CEO	40.00	Officer	$969,842	$133,052	$1,102,894
MARK J PEIFFER	SENIOR VP AND CFO	40.00	Officer	$432,556	$24,468	$457,024
KIMBERLY BROWN PHD	VICE PRESIDENT, CAO	40.00	Officer	$299,100	$37,934	$337,034
DAVID CONNETT DO	DEAN (START 07/24)	40.00	Key Emp	$237,533	$8,886	$246,419
WALLACE BOEVE EDD	DEAN	40.00	Key Emp	$249,271	$47,432	$296,703
KEVIN SMITH DPM PHD	DEAN	40.00	Key Emp	$244,607	$32,555	$277,162
DAVID L KAPASKA DO	DEAN (UNTIL 06/24)	40.00	Key Emp	$180,631	$9,912	$190,543
AUTUMN BRUNIA MD	FACULTY	40.00	Highest	$323,238	$40,369	$363,607
JOSE FIGUEROA CASANOVA DO	FACULTY (UNTIL 02/25)	40.00	Highest	$297,744	$36,882	$334,626
SARAH PARROTT DO	FACULTY	40.00	Highest	$297,827	$38,811	$336,638
ADRIAN WOOLLEY DO	FACULTY	40.00	Highest	$298,798	$37,929	$336,727
STEPHANIE GREINER	VICE PRESIDENT	40.00	Highest	$275,004	$35,747	$310,751

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	$108,194,264	$98,768,324	$522,125,727	$9,425,940
2024	$96,437,904	$93,291,272	$502,652,935	$3,146,632
2023	$81,589,714	$78,332,863	$512,471,225	$3,256,851
2022	$83,009,795	$69,399,713	$452,209,076	$13,610,082
2021	$87,558,866	$69,760,373	$450,267,375	$17,798,493
2020	$72,304,261	$67,766,196	$234,016,597	$4,538,065
2019	$77,499,488	$67,624,050	$227,813,326	$9,875,438

DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER