IOWA HOSPITAL EDUCATION AND RESEARCH FOUNDATION (EIN 420981889) - 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

1968

Legal Domicile

Principal Officer

CHRIS MITCHELL

Phone

5152881955

Tax Period

2023-01-01 to 2023-12-31

IOWA HOSPITAL EDUCATION AND RESEARCH FOUNDATION, founded in 1968, is a small nonprofit in the Health Care sector that reported $156K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $361K exceeded revenue, resulting in a 132% operating deficit.

Mission

STUDY, RESEARCH, EDUCATION AND OTHER CHARITABLE ACTIVITIES RELATING TO MEDICAL AND PARAMEDICAL SCIENCES.

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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 $189,185

Program Service Revenue $32,667

Investment Income $-12,052

Other Revenue $-53,824

TOTAL REVENUE $155,976

Expense Breakdown

Grants Paid $305,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,292

Other Expenses $55,909

TOTAL EXPENSES $361,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,976	$251,296	-0.4%
Expenses	$361,409	$281,966	+0.3%
Net Income	$-205,433	$-30,670	+5.7%

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

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

$896,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SIMONIN	CHAIR	1.00	Officer Director	$0	$0	$0
CORY NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
DAWNETT WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA MORTOZA	DIRECTOR	1.00	Director	$0	$0	$0
MATT SELLS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SLESSOR	DIRECTOR	1.00	Director	$0	$0	$0
KAY TAKES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TRACHTA	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
GLENN ZEVENBERGEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HARBISON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HERZBERG	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN VOIGT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE NIERMANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MITCHELL	PRESIDENT	1.00	Officer	$0	$111,092	$896,507

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	No data	No data	No data	No data
2023	$155,976	$361,409	$5,028,908	$-205,433
2022	$251,296	$281,966	$4,641,991	$-30,670
2021	$2,396,269	$262,997	$5,618,028	$2,133,272
2020	$2,147,613	$545,897	$3,325,814	$1,601,716
2019	$220,437	$299,095	$1,625,896	$-78,658
2018	$216,798	$297,162	$1,581,326	$-80,364

IOWA HOSPITAL EDUCATION AND RESEARCH FOUNDATION