Iowa Medical Education Collaborative (EIN 460867190) - 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

2012

Legal Domicile

Phone

5152473121

Tax Period

2024-07-01 to 2025-06-30

Iowa Medical Education Collaborative, founded in 2012, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE QUALITY OF PRIMARY AND SPECIALTY MEDICAL SERVICES IN POLK COUNTY, IOWA, AND ADJACENT COMMUNITIES, PARTICULARLY UNDERSERVED AND RURAL COMMUNITIES.

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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 $5,880,116

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,880,116

Expense Breakdown

Grants Paid $5,868,116

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,880,116

Other Expenses $12,000

TOTAL EXPENSES $5,880,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,880,116	$5,563,356	+0.1%
Expenses	$5,880,116	$5,563,356	+0.1%
Net Income	$0	$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

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
DEB BAGNALL	IMEC SECRETARY	2.0	Officer Director	$0	$0	$0
KYLE WILCOX	IMEC TREASURER/CFO	2.0	Officer Director	$0	$0	$0
NATHAN SIMPSON	PHC CEO & IMEC PRESIDENT	2.0	Officer Director	$0	$0	$0
DR DENNIS SZURKUS	IMEC DIRECTOR	2.0	Director	$0	$0	$0
DR THERAN ADAMSON	PHC CMO, IMEC DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH FRANTUM	PHC CFO, IMEC DIRECTOR	2.0	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
2025	$5,880,116	$5,880,116	No data	No data
2024	$5,563,356	$5,563,356	No data	No data
2023	$4,997,351	$4,997,351	No data	No data
2022	$5,112,980	$5,112,980	No data	No data
2021	$4,983,705	$4,983,705	No data	No data
2018	$4,826,980	$4,826,980	$415,889	No data

Iowa Medical Education Collaborative