IOWA HEALTH FOUNDATION (EIN 421467682) - 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

1997

Legal Domicile

Principal Officer

ERICA AXIOTIS

Phone

5152415996

Tax Period

2023-01-01 to 2023-12-31

IOWA HEALTH FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $17.6M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $203.1M represent 139 months of operating reserves.

Mission

IMPROVING THE HEALTH OF OUR COMMUNITIES THROUGH PHILANTHROPY, SERVICE AND VOLUNTEERISM.

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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 $9,253,185

Program Service Revenue $79,565

Investment Income $8,286,394

Other Revenue $-48,554

TOTAL REVENUE $17,570,590

Expense Breakdown

Grants Paid $13,001,252

Salaries & Benefits $2,115,923

Fundraising Expenses $1,895,934

Program Expenses $13,001,252

Other Expenses $2,286,035

TOTAL EXPENSES $17,533,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,570,590	$21,602,686	-0.2%
Expenses	$17,533,792	$20,112,807	-0.1%
Net Income	$36,798	$1,489,879	-1.0%

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

692

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

$873,481

Total Directors

$1,133,577

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BAKER DO	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM BILLERBECK	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES COLBY III	BOARD MEMBER	1.00	Director	$0	$0	$0
REYNOLDS CRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GHRIST MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVON GOETZ MD	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA GRANDQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE HALBROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMA HERRING RN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY HERTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS HOUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
BURTON 'TOBY' JOSEPH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY KAHN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE KAMMERER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLEY KOLZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSE MITCHELL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAMIE MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK PERTZBORN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STARK	BOARD MEMBER/CEO	1.00	Director	$0	$91,854	$1,133,577
GEORGIA VAN GUNDY	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MARK WISKUS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD IRELAND-SCHUNICHT	SVP, GIFT PLANNING	40.00	Officer	$0	$17,993	$186,657
DAN LAGRANGE VP PHILANTHROPY	VP FINANCE & OPERATIONS	1.00	Officer	$0	$45,426	$292,459
DENNIS LINDERBAUM	PRESIDENT	40.00	Officer	$0	$41,845	$394,365

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	$17,570,590	$17,533,792	$227,105,763	$36,798
2022	$21,602,686	$20,112,807	$202,804,747	$1,489,879
2021	$32,909,877	$14,497,245	$224,193,770	$18,412,632
2020	$21,802,836	$15,656,198	$197,691,755	$6,146,638
2019	$17,212,987	$15,568,941	$181,600,767	$1,644,046
2018	$18,506,371	$14,011,114	$160,799,304	$4,495,257

IOWA HEALTH FOUNDATION