IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION

EIN: 421411630 501(c)(3) Health Care

WEST DES MOINES, IA

Total Revenue
$612,162,223
Total Expenses
$616,063,505
Total Assets
$274,653,856
Net Assets
$18,221,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IA
Principal Officer
PATRICIA NEWLAND MD
Phone
5154719200
Tax Period
2023-01-01 to 2023-12-31

IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION, founded in 1993, is a major nonprofit in the Health Care sector that reported $612.2M in total revenue in fiscal year 2023.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $518,787,991 Revenue: $458,827,716

HEALTH-CARE SERVICESIOWA PHYSICIANS CLINIC MEDICAL FOUNDATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE IOWA AND WESTERN ILLINOIS COMMUNITIES RELY ON EVERY DAY. IT IS...

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HEALTH-CARE SERVICESIOWA PHYSICIANS CLINIC MEDICAL FOUNDATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE IOWA AND WESTERN ILLINOIS COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, REHABILITATION, SKILLED NURSING, MATERNAL/CHILD CARE, LABORATORY, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2023, IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION HAD 2,692,382 PATIENT ENCOUNTERS.

Program 2
Expenses: $63,076,486 Revenue: $0

COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S...

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COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE AT A VALUE OF $2,434,995 IN 2023. OFTENTIMES, IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $55,080,641 FOR 2023. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $57,515,637.OTHER BENEFITS:IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES, HEALTH PROFESSIONAL'S EDUCATION, SUBSIDIZED HEALTH SERVICES, RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION COLLABORATES WITH OTHER HEALTH-CARE PROVIDERS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. TOTAL OTHER BENEFITS REPORTED VALUE: $5,560,849.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $152,598,391
Program Service Revenue $435,822,764
Investment Income $736,122
Other Revenue $23,004,946
TOTAL REVENUE $612,162,223

Expense Breakdown

Grants Paid $37,535
Salaries & Benefits $448,145,032
Fundraising Expenses $0
Program Expenses $581,864,477
Other Expenses $167,880,938
TOTAL EXPENSES $616,063,505

Year-over-Year Comparison

2023 2022 Change
Revenue $612,162,223 $622,722,686 0.0%
Expenses $616,063,505 $629,445,030 0.0%
Net Income $-3,901,282 $-6,722,344 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
6
Employees
4095
Volunteers
6

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
7
$3,177,706
Total Directors
13
$4,411,536
Key Employees
20
$10,258,474
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLEY BERMEL DO BOARD VICE CHAIR 40.00
Officer Director
$306,256 $20,552 $326,808
LEANNE BURRACK BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA DELAGARDELLE TO 0823 BOARD MEMBER 1.00
Director
$0 $102,337 $1,082,998
DIANA EDWARDS MD BOARD CHAIR 40.00
Officer Director
$383,148 $46,307 $429,455
DEBBIE FREIBURG BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA JOHNSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
BRADLEY MANNING MD BOARD MEMBER 1.00
Director
$0 $0 $11,475
ERIC NEVERMAN DO BOARD MEMBER 40.00
Director
$492,612 $28,169 $520,781
BRIAN SCOTT BOARD TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
DEBRA SHRIVER BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA WHITE MD BOARD MEMBER 40.00
Director
$340,066 $25,853 $365,919
PATRICIA NEWLAND MD - PHYSICIAN BOARD MEMBER/PRESIDENT/CEO (FR 05/22) 40.00
Officer Director
$862,508 $104,680 $967,188
TODD WENCK MD BOARD MEMBER 40.00
Director
$663,129 $43,783 $706,912
STEVE PALMERSHEIM CFO 40.00
Officer
$408,893 $77,246 $528,348
MATTHEW ROMANIN EXEC VP & COO 40.00
Officer
$883,851 $42,056 $925,907
STACEY BARRETT REGIONAL VP CLINIC OPERATIONS - CR 40.00
Key Emp
$289,673 $45,458 $335,131
VINKO BOGDANIC MD PHYSICIAN 40.00
Key Emp
$575,390 $44,277 $619,667
STEVEN BROOMHEAD PHYSICIAN 40.00
Key Emp
$577,469 $49,468 $626,937
STEVEN CAHALAN MD PHYSICIAN 40.00
Key Emp
$443,442 $44,784 $488,226
DAVID CHILDERS REGIONAL VP CLINIC OPERATIONS - MERITER 40.00
Key Emp
$276,061 $41,546 $317,607
DEREK CLEVIDENCE MD REGIONAL VP MEDICAL DIRECTOR - MERITER 40.00
Key Emp
$503,880 $37,534 $541,414
EVAN DIEHL MD REGIONAL VP MEDICAL DIRECTOR - CR 40.00
Key Emp
$478,342 $49,890 $528,232
DANIEL GLASCOCK MD REGIONAL VP MEDICAL DIRECTOR - WL 40.00
Key Emp
$527,743 $44,049 $571,792
MELINDA HANSEN MD PHYSICIAN 40.00
Key Emp
$648,908 $43,133 $692,041
LAUREN HARDISON EXEC DIR STRATEGY & BUSINESS DEVELOPMENT 40.00
Key Emp
$309,741 $36,895 $346,636
JASON HUISENGA DO PHYSICIAN 40.00
Key Emp
$590,474 $49,499 $639,973
SHAWN KEEVEN MD REGIONAL VP MEDICAL DIRECTOR - QC 40.00
Key Emp
$591,677 $43,756 $635,433
ANGIE KNOBLAUCH PHYSICIAN 40.00
Key Emp
$339,660 $28,004 $367,664
MICHAEL LEE MD REGIONAL VP MEDICAL DIRECTOR - FD 40.00
Key Emp
$454,861 $30,783 $485,644
KATHERYINE MEYERS DO PHYSICIAN 40.00
Key Emp
$445,100 $52,249 $497,349
MICHAEL NAMANNY REGIONAL VP CLINIC OPERATIONS - DSM 40.00
Key Emp
$347,888 $37,133 $385,021
ANDREW NORDINE MD PHYSICIAN 40.00
Key Emp
$561,047 $46,810 $607,857
STEPHEN PALLONE MD REGIONAL VP MEDICAL DIRECTOR - SC 40.00
Key Emp
$347,800 $37,516 $385,316
JOSHUA REHMANN DO PHYSICIAN 40.00
Key Emp
$539,215 $40,596 $579,811
CHAD STADSVOLD DO PHYSICIAN 40.00
Key Emp
$557,282 $49,441 $606,723
RAJEEV FERNANDO MD PHYSICIAN 40.00
Highest
$1,869,062 $25,234 $1,894,296
TAUSEEF KHAN MD PHYSICIAN 40.00
Highest
$1,903,549 $40,090 $1,943,639
BHAVIK PATEL MD PHYSICIAN 40.00
Highest
$1,874,623 $43,784 $1,918,407
CRAIG STARK MD PHYSICIAN 40.00
Highest
$1,379,451 $30,656 $1,410,107
GARRY WEIDE DO PHYSICIAN 40.00
Highest
$1,549,403 $37,222 $1,586,625
DAVID WILLIAMS MD CEO TO 0420 SVP CHIEF CLINICAL OFFICER-UPH (FR 04/20) 0.00
$0 $137,030 $1,857,782
RUSSELL ADAMS MD TO 1220 PHYSICIAN 40.00
$453,160 $39,022 $526,675
HIMABINDU ALLA MD TO 1219 PHYSICIAN 40.00
$405,430 $49,753 $455,183
DANIEL ALLEN MD TO 1222 EXEC VP & CMO 40.00
$304,544 $22,710 $327,254
MATTHEW BEHRENS TO 1219 REGIONAL VP CLINIC OPERATIONS - QC 40.00
$288,898 $24,405 $313,303
TODD BUTLER MD TO 1221 PHYSICIAN 40.00
$531,784 $40,164 $571,948
MARCEL DEVETTEN MD TO 1219 REGIONAL VP MEDICAL DIRECTOR - DSM 0.00
$0 $37,829 $1,067,022
STEPHANIE LINDSTROM MD TO 1222 PHYSICIAN STAFF TO REGIONAL VP MEDICAL DIRECTOR - 40.00
$164,113 $14,458 $178,571
AMR KAMHAWY MD TO 1222 PHYSICIAN 40.00
$600,234 $51,615 $651,849
TODD LANGAGER MD TO 1218 PHYSICIAN 40.00
$124,867 $2,483 $127,350
JESSICA MEISNER TO 1222 VP HUMAN RESOURCES & EDUCATION 0.00
$0 $44,331 $575,906
JOHN ROOF MD REGIONAL VP MEDICAL DIRECTOR - CR 40.00
$490,993 $27,521 $518,514
KATHERINE SCHMITT MD TO 1220 PHYSICIAN 40.00
$439,923 $51,373 $491,296
CLAYTON SCHUETT DO TO 1218 PHYSICIAN 40.00
$460,968 $37,718 $498,686
SHAWN SPOONER MD TO 1220 PHYSICIAN 40.00
$385,993 $40,122 $426,115
MATTHEW STETTER DO TO 1222 PHYSICIAN 40.00
$122,199 $15,073 $137,272
LINCOLN WALLACE MD TO 1221 REGIONAL VP MEDICAL DIRECTOR - FD 40.00
$329,375 $52,503 $381,878
MICHAEL WILLERTH MD TO 1218 PHYSICIAN 40.00
$683,278 $41,147 $724,425
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 $612,162,223 $616,063,505 $274,653,856 $-3,901,282
2022 $622,722,686 $629,445,030 $282,635,167 $-6,722,344
2021 $568,378,747 $600,564,343 $277,470,882 $-32,185,596
2020 $618,540,831 $603,576,808 $320,758,899 $14,964,023
2019 $597,862,644 $593,579,880 $272,893,272 $4,282,764
2018 $483,251,011 $503,949,183 $167,031,871 $-20,698,172
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