GREAT RIVER HEALTH FOUNDATION INC (EIN 421446727) - 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

1995

Legal Domicile

Principal Officer

DR MICHAEL MCCOY

Phone

3197681000

Tax Period

2023-07-01 to 2024-06-30

GREAT RIVER HEALTH FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

TO PROVIDE CONTINUING SUPPORT FOR SOUTHEAST IOWA REGIONAL MEDICAL CENTER THAT WILL PROVIDE FUNDING FOR FUTURE IMPROVEMENTS IN TECHNOLOGY, FACILITIES, AND QUALITY HEALTHCARE PROGRAMS AND SERVICES THAT IMPROVE THE HEALTHCARE FOR OUR COMMUNITY.

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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 $2,456,278

Program Service Revenue $0

Investment Income $465,649

Other Revenue $-2,179

TOTAL REVENUE $2,919,748

Expense Breakdown

Grants Paid $1,736,352

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,736,352

Other Expenses $25,509

TOTAL EXPENSES $1,761,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,919,748	$2,286,008	+0.3%
Expenses	$1,761,861	$2,337,122	-0.2%
Net Income	$1,157,887	$-51,114	-23.7%

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

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

$1,707,741

Total Directors

$711,256

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL MCCOY	PRESIDENT/CEO	1.00	Officer	$0	$51,041	$880,902
JEREMY ALEXANDER	CFO	1.00	Officer	$0	$48,195	$630,528
HEATHER PERRY DPM	DIRECTOR	1.00	Director	$0	$35,625	$314,177
JASON HUTCHESON	EXECUTIVE DIRECTOR	1.00	Officer	$0	$32,172	$196,311
KERRY FLEMING	DIRECTOR	1.00	Director	$0	$37,361	$188,561
CHRIS HUTSON	DIRECTOR	1.00	Director	$0	$30,632	$105,367
DAVE EVANS	DIRECTOR	1.00	Director	$0	$17,391	$103,151
TAMMY MCCOY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BOB HUFFMAN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANN MENKE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RACHAEL BENDA	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIQUE CORNICK	DIRECTOR	1.00	Director	$0	$0	$0
BOB ENGBERG	EX-OFFICIO	1.00	Director	$0	$0	$0
TERRY HOPE	DIRECTOR	1.00	Director	$0	$0	$0
BROCK ITA	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK KEMPKER	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK OSMANSKI	DIRECTOR	1.00	Director	$0	$0	$0
MIO SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
JENNY STEFFENSMEIER	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$2,919,748	$1,761,861	$5,612,196	$1,157,887
2023	$2,286,008	$2,337,122	$4,454,309	$-51,114
2022	$-339,448	$46,080	$4,505,423	$-385,528
2021	$462,790	$29,134	$4,930,951	$433,656
2019	$248,052	$44,787	$3,628,259	$203,265
2018	$446,298	$68,562	$3,379,487	$377,736

GREAT RIVER HEALTH FOUNDATION INC