GRINNELL REGIONAL MEDICAL CENTER F… - Form 990 Financial Data

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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

DAVID-PAUL CAVAZOS

Phone

6412367511

Tax Period

2023-01-01 to 2023-12-31

GRINNELL REGIONAL MEDICAL CENTER FOUNDATION, founded in 1995, is a small nonprofit in the Health Care sector that reported $914K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $417K, a strong 46% operating margin.

Mission

TO SUPPORT GRINNELL REGIONAL MEDICAL CENTER AND COMMUNITY HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $327,271 Revenue: $0

THE GRINNELL REGIONAL MEDICAL CENTER FOUNDATION PROVIDES VALUABLE GUIDANCE AND LEADERSHIP FOR THE GRINNELL REGIONAL MEDICAL CENTER'S (GRMC) FUNDRAISING EFFORTS. THE FOUNDATION MANAGES THE ENDOWMENT AND MAKES LOANS TO GRMC TO ENABLE GRMC TO PURCHASE NEEDED MEDICAL EQUIPMENT. THE FOUNDATION ALSO ADMINISTERS THE CHARITABLE GIFT ANNUITY PROGRAM.

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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 $711,777

Program Service Revenue $0

Investment Income $180,990

Other Revenue $21,000

TOTAL REVENUE $913,767

Expense Breakdown

Grants Paid $327,271

Salaries & Benefits $111,866

Fundraising Expenses $120,641

Program Expenses $327,271

Other Expenses $57,363

TOTAL EXPENSES $496,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$913,767	$1,427,220	-0.4%
Expenses	$496,500	$313,573	+0.6%
Net Income	$417,267	$1,113,647	-0.6%

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

$624,012

Total Directors

$386,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CRANSTON MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS DAY	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAWN DISNEY-BRUGGEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HAVENS	BOARD MEMBER/CEO (TO 10/23)	1.00	Officer Director	$0	$0	$386,520
LAURA MANATT	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCKEAG	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MENARY	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MENNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD NATH	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBY POHLSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON REDING	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE WILCOX	VP FINANCE	1.00	Officer	$0	$25,030	$237,492

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	$913,767	$496,500	$7,644,249	$417,267
2022	$1,427,220	$313,573	$6,687,459	$1,113,647
2021	$1,718,629	$503,092	$6,264,391	$1,215,537
2020	$1,428,256	$709,256	$5,776,568	$719,000
2019	$1,068,598	$304,934	$4,575,268	$763,664
2018	$299,336	$244,144	$3,591,321	$55,192

GRINNELL REGIONAL MEDICAL CENTER FOUNDATION