GRINNELL REGIONAL MEDICAL CENTER FOUNDATION

EIN: 421454737 501(c)(3) Health Care

GRINNELL, IA

Total Revenue
$913,767
Total Expenses
$496,500
Total Assets
$7,644,249
Net Assets
$7,411,797
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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
IA
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.

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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 (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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$624,012
Total Directors
11
$386,520
Key Employees
0
$0
Highest Compensated
0
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
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