IOWA PRESCRIPTION DRUG CORPORATION

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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

2001

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $22,279,071

DRUG DONATION REPOSITORY - THE PURPOSE OF THIS PROGRAM IS TO COLLECT UNUSED PRESCRIPTION MEDICATIONS THAT ACCUMULATE IN LONG-TERM CARE AND OTHER MEDICAL SETTINGS. THE UNUSED PRESCRIPTION MEDICATIONS ARE DONATED TO SAFENETRX, INSPECTED BY PHARMACISTS, AND DISTRIBUTED TO CLINICS AND PHARMACIES THAT CARE FOR UNINSURED AND UNDERINSURED PATIENTS THAT CANNOT AFFORD NEEDED DRUG THERAPIES.

Program 2

Expenses: $162,213

CHARITABLE PHARMACY - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE PHARMACY SERVICES TO UNDERSERVED PATIENTS THAT CANNOT AFFORD NEEDED DRUG THERAPIES. THE CHARITABLE PHARMACY FILLS PRESCRIPTIONS FROM AN...

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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 (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

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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

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

$207,775

Total Directors

Key Employees

Highest Compensated

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