CENTRAL IOWA HEALTH PROPERTIES CORPORATION (EIN 421233759) - 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

1984

Legal Domicile

Principal Officer

JON ROZENFELD

Phone

5152416212

Tax Period

2023-01-01 to 2023-12-31

CENTRAL IOWA HEALTH PROPERTIES CORPORATION, founded in 1984, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Expenses of $41.1M exceeded revenue, resulting in a 680% operating deficit.

Mission

IMPROVING THE HEALTH OF THE COMMUNITY THROUGH HEALING, CARING AND TEACHING.

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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 $0

Program Service Revenue $5,149,355

Investment Income $-58,590

Other Revenue $178,830

TOTAL REVENUE $5,269,595

Expense Breakdown

Grants Paid $37,538,879

Salaries & Benefits $75,405

Fundraising Expenses $0

Other Expenses $3,472,428

TOTAL EXPENSES $41,086,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,269,595	$5,336,316	0.0%
Expenses	$41,086,712	$2,814,332	+13.6%
Net Income	$-35,817,117	$2,521,984	-15.2%

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

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

$1,637,516

Total Directors

$2,019,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK ABRAHAMSON	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$135
KIM BAKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BISHOP KENNETHA BIGHAM-TSAI	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM BILLERBECK	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$0
BRAD BRODY	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$25,000
DARWIN COPEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG DEN ADEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA GORSCHE RN BSN CCM	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$135
THOMAS HOUSER	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$135
KASEY JOHNSON STEEN	BOARD MEMBER (FR 07/23)	1.00	Director	$0	$0	$0
ANISH KESHWANI MD	BOARD MEMBER (FR 07/23)	1.00	Director	$0	$47,130	$492,974
ANGELA KNOBLAUCH DO	BOARD MEMBER (FR 07/23)	1.00	Director	$0	$28,004	$367,664
GREG LIN	BOARD MEMBER (FR 07/23)	1.00	Director	$0	$0	$0
TED LODDEN	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$0
ROSE MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE MOENCH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELDON OHRINGER	BOARD MEMBER (TO XX/23)	1.00	Director	$0	$0	$135
JOHN SCHMIDT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DAVID STARK	BOARD MEMBER/CEO	1.00	Officer Director	$0	$91,854	$1,133,577
SHANNON WINTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL ZINNEL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MATHEWS	SENIOR VP FINANCE/CFO	1.00	Officer	$0	$41,104	$503,939

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	$5,269,595	$41,086,712	$21,715,260	$-35,817,117
2022	$5,336,316	$2,814,332	$58,717,546	$2,521,984
2021	$5,306,089	$2,660,437	$56,150,433	$2,645,652
2020	$5,061,241	$2,698,985	$53,377,699	$2,362,256
2019	$5,123,480	$2,674,715	$50,212,189	$2,448,765
2018	$6,172,008	$3,993,235	$44,643,642	$2,178,773

CENTRAL IOWA HEALTH PROPERTIES CORPORATION