BROADLAWNS MEDICAL CENTER FOUNDATION

EIN: 421527407 501(c)(3) Health Care

DES MOINES, IA

Total Revenue
$575,935
Total Expenses
$312,622
Total Assets
$3,610,784
Net Assets
$3,573,350
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IA
Principal Officer
PROCTOR LUREMAN
Phone
5152824603
Tax Period
2024-07-01 to 2025-06-30

BROADLAWNS MEDICAL CENTER FOUNDATION, founded in 2002, is a small nonprofit in the Health Care sector that reported $576K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $263K, a strong 46% operating margin.

Mission

THE BROADLAWNS MEDICAL CENTER FOUNDATION (BMCF) SUPPORTS THE MISSION AND LONG-TERM SUCCESS OF BROADLAWNS MEDICAL CENTER BY STRENGTHENING ITS FINANCIAL HEALTH AND ADVANCING COMMUNITY TRUST. THE FOUNDATION SECURES AND STEWARDS PHILANTHROPIC RESOURCES TO EXPAND ACCESS TO CARE, ENHANCE PATIENT SERVICES, SUPPORT WORKFORCE DEVELOPMENT, AND ENSURE THAT BROADLAWNS CAN CONTINUE SERVING THE COMMUNITY'S MOST VULNERABLE NEIGHBORS WITH DIGNITY AND COMPASSION.THE BMCF SPECIFICALLY ADVANCES THIS MISSION BY (1) SOLICITING AND RECEIVING GIFTS, GRANTS, AND BEQUESTS AND DISBURSING FUNDS FOR THE MAINTENANCE AND IMPROVEMENT OF BROADLAWNS MEDICAL CENTER; (2) PROMOTING WELLNESS AND ADVANCING THE CARE AND TREATMENT OF THE INDIGENT AND UNDERINSURED RESIDENTS OF POLK COUNTY AND THE AREA SERVED BY BROADLAWNS MEDICAL CENTER; AND (3) SUPPORTING FACILITIES, PROGRAMS, AND SERVICES IN FURTHERANCE OF HEALTH CARE AND HEALTH CARE EDUCATION IN POLK COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $469,795
Program Service Revenue $0
Investment Income $96,371
Other Revenue $9,769
TOTAL REVENUE $575,935

Expense Breakdown

Grants Paid $128,629
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $139,158
Other Expenses $183,993
TOTAL EXPENSES $312,622

Year-over-Year Comparison

2024 2023 Change
Revenue $575,935 $491,829 +0.2%
Expenses $312,622 $871,996 -0.6%
Net Income $263,313 $-380,167 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
3

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
6
$1,611,192
Total Directors
12
$1,475,053
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM LYNCH TREASURER 1.00
Officer Director
$0 $91,825 $439,837
JASON KRUSE INTERIM PRESIDENT 1.00
Officer Director
$0 $137,330 $743,300
PROCTOR LUREMAN PRESIDENT 1.00
Officer Director
$0 $44,416 $291,916
EMILY WESTERGAARD CHAIR 1.00
Officer Director
$0 $0 $0
DAVE MIGLIN DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS RYCHNOVSKY DIRECTOR 1.00
Director
$0 $0 $0
ALEC NIELSEN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WOOD DIRECTOR 1.00
Director
$0 $0 $0
MELISSA NESS DIRECTOR 1.00
Director
$0 $0 $0
MARK EGLY DIRECTOR 1.00
Director
$0 $0 $0
NUHA SHASH-BARANZANGI DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTY GOODING INTERIM EXECUTIVE DIRECTOR 1.00
Officer
$0 $26,245 $136,139
JONATHAN BRENDEMUEHL FOUNDATION DIRECTOR 40.00
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
2025 $575,935 $312,622 $3,610,784 $263,313
2024 $491,829 $871,996 $3,338,805 $-380,167
2024 $491,829 $871,996 $3,338,805 $-380,167
2023 $837,667 $482,051 $3,698,028 $355,616
2022 $947,924 $751,729 $3,787,772 $196,195
2021 $845,033 $893,695 $3,140,160 $-48,662
2020 $623,394 $292,046 $3,187,490 $331,348
2019 $520,410 $366,151 $2,858,633 $154,259
2018 $425,746 $310,478 $2,707,500 $115,268
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