IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION (EIN 421411630) - 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

1993

Legal Domicile

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.

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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 $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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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

4095

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

$3,177,706

Total Directors

$4,411,536

Key Employees

$10,258,474

Highest Compensated

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

IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION