IOWA FALLS CLINIC C/O HANSEN FAMIL… - 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

1997

Legal Domicile

Principal Officer

GEORGE VON MOCK

Phone

6416484631

Tax Period

2022-07-01 to 2023-06-30

Mission

DEVELOP, COORDINATE, AND PROVIDE ALL MANNERS OF CLINICAL MEDICAL SERVICES TO RESIDENTS, VISITORS, AND EMPLOYEES OF HARDIN COUNTY AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

HANSEN FAMILY HOSPITAL WAS IN A JOINT VENTURE AGREEMENT WITH MERCY MEDICAL CENTER - NORTH IOWA TO OPERATE THE IOWA FALLS CLINIC. THE CLINIC PROVIDED, DEVELOPED, AND COORDINATED ALL MANNER OF CLINICAL MEDICAL SERVICES TO RESIDENTS, VISITORS, AND EMPLOYEES OF HARDIN COUNTY AND THE SURROUNDING AREA.HANSEN FAMILY HOSPITAL IS A 50% OWNER OF IOWA FALLS CLINIC AND SHARES INCOME OR LOSSES FROM CLINIC OPERATIONS. HANSEN FAMILY HOSPITAL PURCHASED MANY OF THE ASSETS OF IOWA FALLS CLINIC ON JULY 1, 2020, AND TOOK OVER CLINIC OPERATIONS VIA AN ASSET PURCHASE AGREEMENT. CERTAIN ASSETS OF IOWA FALLS CLINIC WERE EXCLUDED FROM THE ASSET PURCHASE AGREEMENT SUCH AS CASH AND ACCOUNTS RECEIVABLE. REMAINING CASH BALANCES OF IOWA FALLS CLINIC AFTER COLLECTION OF ACCOUNTS RECEIVABLE BALANCES WERE DISTRIBUTED TO HANSEN FAMILY HOSPITAL AND MERCY MEDICAL CENTER - NORTH IOWA IN FY23. IOWA FALLS CLINIC WAS FORMALLY DISSOLVED DURING FISCAL YEAR 2022 WITH THE STATE OF IOWA. HANSEN FAMILY HOSPITAL RECEIVED EQUITY DISTRIBUTIONS DURING THE JUNE 30, 2022 YEAR AND THE FINAL DISTRIBUTION OF REMAINING FUNDS IN FISCAL YEAR 2023. HANSEN FAMILY HOSPITAL PAID OUT MERCY MEDICAL CENTER - NORTH IOWA'S PORTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

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
KATHLEEN HAVERKAMP MD	PRESIDENT/SECRETARY	0.01	Officer Director	$0	$0	$0
FRANCIS FRITZ	DIRECTOR	0.01	Director	$0	$0	$0
MARIANNE JONES	DIRECTOR	0.01	Director	$0	$0	$0
MAUREEN BRANTNER	DIRECTOR	0.01	Director	$0	$0	$0
DR THOMAS WATERS	DIRECTOR	0.01	Director	$0	$0	$0
GEORGE VON MOCK	HFH CEO	0.01	Officer	$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
2023	No data	No data	No data	No data
2022	No data	No data	$283,085	No data
2021	$16,403	$4,109	$1,919,600	$12,294
2020	$3,402,479	$3,956,837	$2,175,423	$-554,358
2019	$3,529,564	$3,701,412	$2,678,647	$-171,848
2018	$3,753,471	$3,775,115	$2,788,202	$-21,644

IOWA FALLS CLINIC C/O HANSEN FAMILY HOSPITAL