Northeast Iowa Medical Education Foundation Inc (EIN 421058745) - 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

1975

Legal Domicile

Principal Officer

Anthony A Day MD

Phone

3192722525

Tax Period

2020-07-01 to 2021-06-30

Northeast Iowa Medical Education Foundation Inc, founded in 1975, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2020. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 15% operating margin.

Mission

Develop excellent Family Medicine physicians.

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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 (2020)

Revenue Breakdown

Contributions & Grants $4,592,643

Program Service Revenue $3,931,460

Investment Income $-8,035

Other Revenue $0

TOTAL REVENUE $8,516,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,737,797

Fundraising Expenses $0

Program Expenses $5,746,240

Other Expenses $2,494,834

TOTAL EXPENSES $7,232,631

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8,516,068	$7,540,536	+0.1%
Expenses	$7,232,631	$7,777,237	-0.1%
Net Income	$1,283,437	$-236,701	-6.4%

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

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

$441,247

Total Directors

$336,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony A Day MD	Executive Director	55.00	Officer Director	$288,690	$48,305	$336,995
Russel Adams MD	President	1.00	Officer Director	$0	$0	$0
Matthew Sojka MD	Vice President	1.00	Officer Director	$0	$0	$0
Jack Dusenbery	Secretary	1.00	Officer Director	$0	$0	$0
Pamela Delagardelle	Treasurer	1.00	Officer Director	$0	$0	$0
Nicholas Goetsch DO	Director - until Feb 2021	1.00	Director	$0	$0	$0
Eric Neverman DO	Director	1.00	Director	$0	$0	$0
Vinko Bogdanic MD	Director	1.00	Director	$0	$0	$0
Adriane Argenio MD	Director	1.00	Director	$0	$0	$0
Julie Sandell DO	Director	1.00	Director	$0	$0	$0
Greg Nelson	Director	1.00	Director	$0	$0	$0
Attiq-UR Rehman MD	Director	1.00	Director	$0	$0	$0
Dan Glascock MD	Director - as of Feb 2021	1.00	Director	$0	$0	$0
Julie Smith	Clinical Operations Manager	45.00	Officer	$79,024	$25,228	$104,252
Robert Welshons PAC	Physician Assistant	40.00	Highest	$100,829	$21,631	$122,460
Adam Roise MD	Assistant Program Director	45.00	Highest	$221,905	$19,013	$240,918
Suzanne Munns MD	Assistant Program Director	45.00	Highest	$213,643	$24,449	$238,092
Cindy Huwe MD	Assistant Program Director	45.00	Highest	$218,153	$750	$218,903
Lane Noble DO	Assistant Program Director	45.00	Highest	$181,666	$7,854	$189,520

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
2021	$8,516,068	$7,232,631	$3,029,033	$1,283,437
2021	No data	$885,398	No data	No data
2020	$7,540,536	$7,777,237	$3,412,038	$-236,701
2019	$7,585,308	$7,806,164	$2,255,569	$-220,856
2018	$7,536,284	$7,670,852	$2,478,593	$-134,568

Northeast Iowa Medical Education Foundation Inc