IOWA PRESCRIPTION DRUG CORPORATION

EIN: 421518875 501(c)(3) Health Care

GRIMES, IA

Total Revenue
$28,994,750
Total Expenses
$22,637,975
Total Assets
$23,971,294
Net Assets
$23,263,686
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IA
Principal Officer
JON ROSMANN
Phone
5153275405
Tax Period
2024-07-01 to 2025-06-30

IOWA PRESCRIPTION DRUG CORPORATION, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $29.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 22% operating margin.

Mission

TO SERVE THE PRESCRIPTION NEEDS OF MEDICALLY UNDERSERVED POPULATIONS THROUGH RESPONSIBLE COLLECTION AND DISTRIBUTION OF DONATED MEDICINES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,945,516
Program Service Revenue $36,322
Investment Income $12,912
Other Revenue $0
TOTAL REVENUE $28,994,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $779,352
Fundraising Expenses $0
Program Expenses $22,441,284
Other Expenses $21,858,623
TOTAL EXPENSES $22,637,975

Year-over-Year Comparison

2024 2023 Change
Revenue $28,994,750 $22,151,434 +0.3%
Expenses $22,637,975 $23,466,464 0.0%
Net Income $6,356,775 $-1,315,030 -5.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
15
Volunteers
49

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
$207,775
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE MULLENIX PRESIDENT 1.50
Officer Director
$0 $0 $0
M CHRISTINE NEWELL VICE-PRESIDE 1.50
Officer Director
$0 $0 $0
RAYMOND MEISTER TREASURER 1.50
Officer Director
$0 $0 $0
GARY GOODHALL SECRETARY 1.50
Officer Director
$0 $0 $0
RENAE CHESNUT BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS FOLDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN KEEHNLE BOARD MEMBER 1.00
Director
$0 $0 $0
EDWIN MCINTOSH BOARD MEMBER 1.00
Director
$0 $0 $0
SID RAMSEY BOARD MEMEBR 1.00
Director
$0 $0 $0
JOSHUA REHMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER PIELSTICKER STEGER BOARD MEMEBR 1.00
Director
$0 $0 $0
FARAH TOWFIC BOARD MEMEBR 1.00
Director
$0 $0 $0
BRAD TROM BOARD MEMEBR 1.00
Director
$0 $0 $0
CHAD WORZ BOARD MEMEBR 1.00
Director
$0 $0 $0
JON ROSMANN CEO 40.00
Officer
$207,775 $0 $207,775
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 $28,994,750 $22,637,975 $23,971,294 $6,356,775
2024 No data No data No data No data
2023 $32,358,393 $25,103,896 $18,834,855 $7,254,497
2022 $21,000,324 $11,045,369 $11,563,558 $9,954,955
2021 $8,932,847 $8,931,408 $1,322,646 $1,439
2020 $8,683,241 $8,701,186 $1,294,010 $-17,945
2019 $8,271,155 $8,115,516 $1,228,844 $155,639
2018 $6,544,626 $6,462,313 $1,053,078 $82,313
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare IOWA PRESCRIPTION DRUG CORPORATION with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.