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 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
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

SUPPORT AND PROMOTE HIGH QUALITY GRADUATE AND UNDERGRADUATE MEDICAL 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%)

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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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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

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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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