IOWA HEALTH CARE ASSOCIATION FOUNDATION (EIN 421326564) - 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

1988

Legal Domicile

Principal Officer

BRENT WILLETT

Phone

5159782204

Tax Period

2024-01-01 to 2024-12-31

IOWA HEALTH CARE ASSOCIATION FOUNDATION, founded in 1988, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE SCHOLARSHIPS FOR THE EMPLOYEES OF MEMBER FACILITIES OF IOWA HEALTH CARE ASSOCIATION WHO ARE FURTHERING THEIR HEALTH CARE EDUCATION.

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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 $5,268,707

Program Service Revenue $0

Investment Income $12,203

Other Revenue $0

TOTAL REVENUE $5,280,910

Expense Breakdown

Grants Paid $5,399,545

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,399,545

Other Expenses $25,344

TOTAL EXPENSES $5,424,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,280,910	$6,506,037	-0.2%
Expenses	$5,424,889	$6,280,858	-0.1%
Net Income	$-143,979	$225,179	-1.6%

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

$856,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE DIXON	CHAIR	2.00	Officer Director	$0	$0	$0
ANNE PETERS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID CHENSVOLD	TREASURER, SECRETARY	2.00	Officer Director	$0	$0	$0
LAVONNE EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
DIANA ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
WENDY NELSON	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA MCDYER	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE KLATT	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
REBEKAH TJADEN	DIRECTOR	2.00	Director	$0	$0	$0
BRIANNE FISTER	DIRECTOR	2.00	Director	$0	$0	$0
JOANIE STEIL	DIRECTOR	2.00	Director	$0	$0	$0
BRENT WILLETT	CEO, IHCA	1.00	Officer	$0	$58,377	$856,170

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	$5,280,910	$5,424,889	$321,134	$-143,979
2023	$6,506,037	$6,280,858	$465,201	$225,179
2022	$216,644	$220,502	$232,542	$-3,858
2021	$368,799	$374,540	$233,308	$-5,741

IOWA HEALTH CARE ASSOCIATION FOUNDATION