IOWA MEDICAL SOCIETY FOUNDATION (EIN 426078626) - 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

1952

Legal Domicile

Principal Officer

STEVEN W CHURCHILL

Phone

5152231401

Tax Period

2023-01-01 to 2023-12-31

IOWA MEDICAL SOCIETY FOUNDATION, founded in 1952, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 216% operating deficit.

Mission

TO INSPIRE, FACILIATE AND EXPAND THE PHILANTHROPIC ENDEAVORS OF THE IOWA MEDIAL SOCIETY.

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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 $33,972

Program Service Revenue $0

Investment Income $21,038

Other Revenue $0

TOTAL REVENUE $55,010

Expense Breakdown

Grants Paid $129,616

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,616

Other Expenses $44,308

TOTAL EXPENSES $173,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,010	$281,505	-0.8%
Expenses	$173,924	$167,879	+0.0%
Net Income	$-118,914	$113,626	-2.0%

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

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

$280,946

Total Directors

$280,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRUHLAR SCOTT	CHAIR	3.50	Officer Director	$0	$0	$0
ZUZGA-REED JESSICA	VICE CHAIR	3.50	Officer Director	$0	$0	$0
CHURCHILL STEVEN W	SECRETARY/TREASURER	3.50	Officer Director	$0	$22,540	$280,946
ELSON MARYGRACE	DIRECTOR	1.00	Director	$0	$0	$0
GUTU STEPHEN	DIRECTOR	1.00	Director	$0	$0	$0
HEININGER ERIC	DIRECTOR	1.00	Director	$0	$0	$0
KITCHELL MARY	DIRECTOR	1.00	Director	$0	$0	$0
KITCHELL MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
MILLESS TIFFANI	DIRECTOR	1.00	Director	$0	$0	$0
ROMANO MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
SINIK MEGAN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR CHRISTI	DIRECTOR	1.00	Director	$0	$0	$0
WONG HUMPHREY	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$55,010	$173,924	$1,881,133	$-118,914
2022	$281,505	$167,879	$1,756,882	$113,626
2021	$285,480	$183,025	$2,184,496	$102,455
2020	$103,332	$172,153	$2,034,727	$-68,821
2019	$270,534	$188,636	$2,006,847	$81,898
2018	$177,150	$187,742	$1,856,547	$-10,592

IOWA MEDICAL SOCIETY FOUNDATION