DES MOINES AREA MEDICAL EDUCATION CONSORTIUM INC

EIN: 421412497 501(c)(3)

DES MOINES, IA

Total Revenue
$1,521,988
Total Expenses
$1,436,132
Total Assets
$471,329
Net Assets
$337,987
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IA
Principal Officer
KEN L CHEYNE MD
Phone
5152414455
Tax Period
2024-07-01 to 2025-06-30

DES MOINES AREA MEDICAL EDUCATION CONSORTIUM INC, founded in 1993, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 6% surplus.

Mission

TO SUPPORT AND PROMOTE HIGH QUALITY GRADUATE AND UNDERGRADUATE MEDICAL EDUCATION WITHIN THE DES MOINES MEMBER INSTITUTIONS. TO MEET THE HEALTH CARE NEEDS OF IOWANS THROUGH COORDINATION AND COLLABORATION IN MEDICAL EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $1,390,398 Revenue: $1,521,932

MEDICAL EDUCATIONTHE DES MOINES AREA MEDICAL EDUCATION CONSORTIUM, INC. PROVIDES MEDICAL TRAINING TO UNIVERSITY OF IOWA CARVER COLLEGE OF MEDICINE (UICCOM) MEDICAL STUDENTS AND COORDINATES MEDICAL...

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MEDICAL EDUCATIONTHE DES MOINES AREA MEDICAL EDUCATION CONSORTIUM, INC. PROVIDES MEDICAL TRAINING TO UNIVERSITY OF IOWA CARVER COLLEGE OF MEDICINE (UICCOM) MEDICAL STUDENTS AND COORDINATES MEDICAL TRAINING FOR THE UNIVERSITY OF IOWA HOSPITALS AND CLINICS (UIHC) RESIDENT PHYSICIANS. THE DES MOINES HEALTH CARE INSTITUTIONS WHICH ARE MEMBERS OF THE CONSORTIUM AND TRAIN THESE RESIDENTS AND STUDENTS ARE BROADLAWNS MEDICAL CENTER AND THE CENTRAL IOWA HOSPITAL CORPORATION. THESE DES MOINES HEALTH CARE INSTITUTIONS SPONSOR NINE RESIDENCY PROGRAMS THAT TRAIN APPROXIMATELY 157 RESIDENT PHYSICIANS IN SEVEN SPECIALTY AREAS AND PROVIDE TRAINING FOR UIHC RESIDENTS IN ANESTHESIA, OBSTETRICS/GYNECOLOGY, AND PEDIATRICS. THESE INSTITUTIONS ALSO PROVIDE CLINICAL TRAINING TO SECOND-YEAR, THIRD-YEAR, AND FOURTH-YEAR MEDICAL STUDENTS IN DES MOINES. MEDICAL STUDENTS COMPLETE CORE CLERKSHIP TRAINING DURING THE SECOND HALF OF THEIR SECOND YEAR AND IN THE FIRST HALF OF THEIR THIRD YEAR. THIRD-YEAR STUDENTS, IN THE SECOND HALF OF THEIR THIRD YEAR, AND FOURTH-YEAR STUDENTS MAY COMPLETE THEIR ADVANCED PATHWAY TRAINING IN DES MOINES. IN 2024-2025, 76 MEDICAL STUDENTS COMPLETED 196 CORE CLERKSHIP ROTATIONS WHILE AN ADDITIONAL 27 MEDICAL STUDENTS COMPLETED A TOTAL OF 46 ADVANCED PATHWAY TRAINING ROTATIONS.IN ADDITION TO THESE EDUCATIONAL ACTIVITIES, THE CONSORTIUM PROVIDES OTHER EDUCATIONAL OFFERINGS TO MEMBER INSTITUTIONS LIKE A JOINT ORIENTATION PROGRAM FOR ALL NEW RESIDENTS EACH YEAR IN JUNE.THE CONSORTIUM COORDINATES THE SCHEDULING OF CERTIFICATION COURSES IN ADVANCED CARDIAC LIFE SUPPORT FOR MEDICAL STUDENTS.THE CONSORTIUM COORDINATES THE UICCOM FACULTY APPOINTMENT, REAPPOINTMENT, AND PROMOTION PROCESS FOR DES MOINES FACULTY INVOLVED IN THE TEACHING OF MEDICAL STUDENTS AND UIHC RESIDENT PHYSICIANS. FINALLY, THE CONSORTIUM CONDUCTS FACULTY DEVELOPMENT PROGRAMS ON A QUARTERLY BASIS FOR ALL FACULTY TEACHING MEDICAL STUDENTS AND RESIDENT PHYSICIANS AT THE DES MOINES MEMBER INSTITUTIONS. THESE PROGRAMS ARE CONDUCTED IN COOPERATION WITH THE OFFICE OF CONSULTATION AND RESEARCH IN MEDICAL EDUCATION AT THE UNIVERSITY OF IOWA (OCRME). OFFICE FACILITIES ARE PROVIDED TO THE ORGANIZATION AT NO CHARGE BY THE CENTRAL IOWA HOSPITAL CORPORATION. THE VALUE OF THE DONATED SPACE INCLUDED AS CONTRIBUTIONS IN THE FINANCIAL STATEMENTS AND THE CORRESPONDING PROGRAM EXPENSES FOR BOTH YEARS ENDED JUNE 30, 2025 AND 2024 WAS $9,229. THE CENTRAL IOWA HOSPITAL CORPORATION HAS THE RIGHT TO TERMINATE THE LEASE UPON NINETY DAYS NOTICE. UPON TERMINATION, THE ORGANIZATION SHALL BE ENTITLED TO RELOCATION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,521,932
Investment Income $56
Other Revenue $0
TOTAL REVENUE $1,521,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $617,567
Fundraising Expenses $0
Program Expenses $1,390,398
Other Expenses $818,565
TOTAL EXPENSES $1,436,132

Year-over-Year Comparison

2024 2023 Change
Revenue $1,521,988 $1,327,177 +0.1%
Expenses $1,436,132 $1,404,153 +0.0%
Net Income $85,856 $-76,976 -2.1%
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
9
Independent Members
1
Employees
N/A
Volunteers
1

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
4
$3,105,453
Total Directors
9
$5,392,189
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS COOPER MD BOARD MEMBER 1.00
Director
$0 $58,873 $793,748
DANA DANLEY MD BOARD MEMBER 1.00
Director
$0 $5,862 $439,257
DENISE JAMIESON MD BOARD CHAIR 1.00
Officer Director
$0 $36,218 $1,574,769
PROCTOR LUREMAN BOARD VICE CHAIR (FR 07/24) 1.00
Officer Director
$0 $44,533 $510,908
JON ROZENFELD BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $88,339 $625,264
LISA VEACH MD BOARD MEMBER 1.00
Director
$0 $0 $0
MARK WILSON MD BOARD MEMBER 1.00
Director
$0 $56,527 $434,142
WENDY WOODS-SWAFFORD MD BOARD MEMBER 1.00
Director
$0 $21,405 $463,704
W JOHN YOST MD BOARD MEMBER 1.00
Director
$0 $41,706 $550,397
KEN CHEYNE MD EXECUTIVE DIRECTOR 40.00
Officer
$0 $44,430 $394,512
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
2025 $1,521,988 $1,436,132 $471,329 $85,856
2024 $1,327,177 $1,404,153 $357,949 $-76,976
2023 $1,077,167 $1,042,395 $403,970 $34,772
2022 $859,432 $791,074 $299,396 $68,358
2021 $922,844 $889,038 $394,468 $33,806
2020 $914,468 $894,768 $345,019 $19,700
2019 $1,040,101 $1,027,601 $292,265 $12,500
2018 $954,598 $938,464 $336,358 $16,134
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