FREE CLINICS OF IOWA INC

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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

1994

Legal Domicile

Principal Officer

STEPHEN ECKSTAT DO

Phone

5159547508

Tax Period

2024-07-01 to 2025-06-30

FREE CLINICS OF IOWA INC, founded in 1994, is a small nonprofit in the Health Care sector that reported $448K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $422K left a modest 6% surplus.

Mission

FREE CLINICS OF IOWA'S MISSION IS TO FACILITATE THE INITIATION, OPERATION, AND COLLABORATION OF FREE MEDICAL CLINICS IN THE STATE OF IOWA.

Program Service Accomplishments

Program 1

Expenses: $412,076 Revenue: $1,973

FOR THE PERIOD ENDED JUNE 30, 2025, FCI REPORTED 11,756 VISITS VIA 30 COMMUNITY-BASE FREE CLINICS. FREE CLINICS ARE LOCATED IN 20 VARIOUS COUNTIES, PATIENTS ARE TRAVELLING FROM 76 OF IOWA'S 99...

FOR THE PERIOD ENDED JUNE 30, 2025, FCI REPORTED 11,756 VISITS VIA 30 COMMUNITY-BASE FREE CLINICS. FREE CLINICS ARE LOCATED IN 20 VARIOUS COUNTIES, PATIENTS ARE TRAVELLING FROM 76 OF IOWA'S 99 COUNTIES TO ACCESS TREATMENT. FOR THOSE WHO CONTINUE TO FACE CHALLENGES IN OBTAINING AFFORDABLE AND ACCESSIBLE BASIC HEALTHARE, FREE CLINICS ARE ESSENTIAL. THOSE WHO COME TO THE FREE CLINICS SEEKING RELIEF AND HELP CAN LEAVE WITH A SENSE OF APPRECIATION FOR THE OVER 2200 COMPASSIONATE PROVIDERS, NURSES AND ADMINISTRATIVE VOLUNTEERS WHO DEDICATE THEIR TIME (OVER 21,000 HOURS) AND TALENT TO SERVE THOSE WHO WOULD OTHERWISE GO WITHOUT TREATMENT.

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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 $442,281

Program Service Revenue $1,973

Investment Income $3,266

Other Revenue $0

TOTAL REVENUE $447,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $412,076

Other Expenses $422,419

TOTAL EXPENSES $422,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,520	$471,198	-0.1%
Expenses	$422,419	$495,058	-0.1%
Net Income	$25,101	$-23,860	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

2200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ECKSTAT DO	PRESIDENT	N/A	Officer Director	$0	$0	$0
WENDY GRAY MS	EXECUTIVE DI	N/A	Director	$0	$0	$0
KENNETH BUTTERS JD	SECRETARY	N/A	Officer Director	$0	$0	$0
LARRY SEVERIDT MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JAMES BLESSMAN MD	DIRECTOR	N/A	Director	$0	$0	$0
JAMES HAYES DMIN M DIV	DIRECTOR	N/A	Director	$0	$0	$0
TESS YOUNG JD	DIRECTOR	N/A	Director	$0	$0	$0
KARL VILUMS	TREASURER	N/A	Officer Director	$0	$0	$0
LOIS CRILLY	DIRECTOR	N/A	Director	$0	$0	$0
BILLIE WADE MS	DIRECTOR	N/A	Director	$0	$0	$0
BOB RUSSELL DDS MPH	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT GEISTKEMPER	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE SLIFKA MBA	DIRECTOR	N/A	Director	$0	$0	$0

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	$447,520	$422,419	$812,868	$25,101
2024	$471,198	$495,058	$798,961	$-23,860
2023	$614,646	$506,212	$802,954	$108,434
2022	$624,456	$497,417	$695,566	$127,039
2021	$452,003	$373,480	$567,310	$78,523
2020	$387,655	$380,832	$506,388	$6,823
2018	$370,086	$381,302	$425,032	$-11,216