NORTH CENTRAL IOWA MENTAL HEALTH C… - 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

1964

Legal Domicile

Principal Officer

LEAH GLASGO

Phone

5155733101

Tax Period

2024-01-01 to 2024-12-31

NORTH CENTRAL IOWA MENTAL HEALTH CENTER INCORPORATED, founded in 1964, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 28% operating margin.

Mission

TO IMPROVE THE BEHAVIORAL HEALTH OF CITIZENS IN THE REGION BY PROVIDING A COMPREHENSIVE COMMUNITY BEHAVIORAL HEALTH PROGRAM IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

Program Service Accomplishments

Program 1

Expenses: $5,807,759 Revenue: $6,307,511

MENTAL HEALTH SERVICESNORTH CENTRAL IOWA MENTAL HEALTH CENTER IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THE WEBSTER COUNTY & SURROUNDING REGION COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. NORTH CENTRAL IOWA MENTAL HEALTH CENTER PROVIDES OUTPATIENT PROGRAMS THAT MAY INCLUDE, BUT ARE NOT LIMITED TO, ADULT AND ADOLESCENT PSYCHIATRIC, CHEMICAL DEPENDENCY INPATIENT AND DETOX, SUBSTANCE ABUSE RECOVERY, MEMORY CLINIC, INDEPENDENT LIVING, STEP-DOWN, MAINSTREAMING, 24-HOUR EMERGENCY SERVICES, RESIDENTIAL GROUP HOMES, OUTREACH, IN-HOME COUNSELING AND PRE-HOSPITAL SCREENING FOR CHILDREN AND TROUBLED FAMILIES, AND DIAGNOSTIC AND TREATMENT SERVICES TO THE ACUTELY, SERIOUSLY OR CHRONICALLY MENTALLY ILL. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DEC. 31, 2024, NORTH CENTRAL IOWA MENTAL HEALTH CENTER ADMITTED 29,870 OUTPATIENT VISITS. ALL SERVICES WERE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO PAY FOR SERVICES RENDERED.

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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 $1,726,546

Program Service Revenue $6,205,049

Investment Income $481,164

Other Revenue $102,462

TOTAL REVENUE $8,515,221

Expense Breakdown

Grants Paid $3,143

Salaries & Benefits $5,742,190

Fundraising Expenses $0

Program Expenses $5,807,759

Other Expenses $402,274

TOTAL EXPENSES $6,147,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,515,221	$7,119,170	+0.2%
Expenses	$6,147,607	$5,575,370	+0.1%
Net Income	$2,367,614	$1,543,800	+0.5%

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

N/A

Volunteers

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

$929,467

Total Directors

$602,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA CHAMBERS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEAH GLASGO	BOARD MEMBER & MARKET PRESIDENT	1.00	Officer Director	$0	$93,885	$602,275
PHILLIP GUNDERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KYLE SMITH	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES STUBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH MARSH	MARKET VP FIN OPERATIONS	1.00	Officer	$0	$43,983	$327,192
SUSAN THOMPSON-IHS INT CEO TO 0221	FMR INT BOARD MBR & PRES (TO 1/19)	0.00		$0	$0	$323,055

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	$8,515,221	$6,147,607	$14,062,981	$2,367,614
2023	$7,119,170	$5,575,370	$11,592,105	$1,543,800
2022	$7,765,805	$5,355,769	$9,937,413	$2,410,036
2021	$7,024,760	$5,501,322	$7,374,072	$1,523,438
2020	$6,539,501	$5,289,368	$6,177,877	$1,250,133
2019	$5,840,513	$4,590,099	$4,504,550	$1,250,414
2018	$5,448,373	$4,989,711	$4,516,028	$458,662

NORTH CENTRAL IOWA MENTAL HEALTH CENTER INCORPORATED