IOWA CITY FREE MEDICAL CLINIC (EIN 420960955) - 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

1971

Legal Domicile

Principal Officer

JEAN KNEPPER

Phone

3193379727

Tax Period

2023-07-01 to 2024-06-30

IOWA CITY FREE MEDICAL CLINIC, founded in 1971, is a small nonprofit in the Health Care sector that reported $859K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $950K exceeded revenue, resulting in a 11% operating deficit.

Mission

WE BELIEVE THAT ACCESS TO AFFORDABLE HEALTH CARE IS A BASIC HUMAN NECESSITY, AND WE STRIVE TO PROVIDE THE WIDEST RANGE OF MEDICAL AND DENTAL SERVICES POSSIBLE TO THE PEOPLE IN THE IOWA CITY AND SURROUNDING COMMUNITY WHO WOULD NOT OTHERWISE HAVE ACCESS TO CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $844,017

Program Service Revenue $0

Investment Income $13,511

Other Revenue $1,958

TOTAL REVENUE $859,486

Expense Breakdown

Grants Paid $4,415

Salaries & Benefits $712,035

Fundraising Expenses $52,353

Program Expenses $623,295

Other Expenses $233,560

TOTAL EXPENSES $950,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,486	$691,925	+0.2%
Expenses	$950,010	$801,793	+0.2%
Net Income	$-90,524	$-109,868	-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

1462

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

$83,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KNEPPER JEAN	CHAIR	1.00	Officer Director	$0	$0	$0
CONRAD SUZANNE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARRET JORDAN	TREASURER	1.00	Officer Director	$0	$0	$0
YOUNG RACHEL	SECRETARY	1.00	Officer Director	$0	$0	$0
BERGUS GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
ENGELDINGER JANE	DIRECTOR	1.00	Director	$0	$0	$0
JARAMILLO GUAYARA PAOLA	DIRECTOR	1.00	Director	$0	$0	$0
LANGGUTH BRAD	DIRECTOR	1.00	Director	$0	$0	$0
MILLER KARINA	DIRECTOR	1.00	Director	$0	$0	$0
NAIR ROHIT	DIRECTOR	1.00	Director	$0	$0	$0
NEWMAN LARRY	DIRECTOR	1.00	Director	$0	$0	$0
PATTON MARK	DIRECTOR	1.00	Director	$0	$0	$0
PETERSON PHIL	DIRECTOR	1.00	Director	$0	$0	$0
SALIH MAZAHIR	DIRECTOR	1.00	Director	$0	$0	$0
STURGELL KATIE	DIRECTOR	1.00	Director	$0	$0	$0
SCHMIDT JENNIE	EXECUTIVE DIRECTOR	40.00	Officer	$78,317	$4,791	$83,108

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	$859,486	$950,010	$1,460,447	$-90,524
2023	$691,925	$801,793	$1,405,615	$-109,868
2022	$905,888	$649,032	$1,492,100	$256,856
2022	$897,211	$638,752	$1,495,225	$258,459
2021	$770,570	$632,827	$1,323,594	$137,743
2021	$811,948	$633,334	$1,322,631	$178,614
2020	$588,513	$596,214	$1,226,023	$-7,701
2019	$652,290	$566,288	$1,154,153	$86,002
2018	$638,138	$494,921	$1,287,836	$143,217

IOWA CITY FREE MEDICAL CLINIC