IOWA RURAL HEALTH TELECOMMUNICATIONS PROGRAM (EIN 462933510) - 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

2013

Legal Domicile

Principal Officer

COREY MARTIN

Phone

5152881955

Tax Period

2023-01-01 to 2023-12-31

IOWA RURAL HEALTH TELECOMMUNICATIONS PROGRAM, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE PURPOSE OF THE IOWA RURAL HEALTH TELECOMMUNICATIONS PROGRAM (IRHTP) IS TO IMPROVE EQUITY, ACCESS, QUALITY, SECURITY AND EFFICIENCY OF MEDICAL SERVICES, ESPECIALLY IN RURAL IOWA, THROUGH THE USE OF VARIOUS TELEHEALTH AND TELEMEDICINE APPLICATIONS.

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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 $0

Program Service Revenue $2,704,783

Investment Income $51,489

Other Revenue $0

TOTAL REVENUE $2,756,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,610,645

Other Expenses $2,745,809

TOTAL EXPENSES $2,745,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,756,272	$2,943,241	-0.1%
Expenses	$2,745,809	$2,879,993	0.0%
Net Income	$10,463	$63,248	-0.8%

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

N/A

Volunteers

N/A

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
MATT SELLS	CHAIR	1.00	Officer Director	$0	$0	$0
VERONICA FUHS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN HUNGER	DIRECTOR	1.00	Director	$0	$0	$0
KENT SONA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CASH	DIRECTOR	1.00	Director	$0	$0	$0
ROB FRIEDEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LEE CARMEN	DIRECTOR	1.00	Director	$0	$0	$0
COREY MARTIN	EXECUTIVE DIRECTOR	8.00	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
2024	No data	No data	No data	No data
2023	$2,756,272	$2,745,809	$3,705,492	$10,463
2022	$2,943,241	$2,879,993	$3,456,706	$63,248
2021	$3,108,811	$2,999,503	$3,251,673	$109,308
2020	$3,513,101	$3,396,194	$2,351,777	$116,907
2019	$3,652,872	$3,530,605	$1,979,394	$122,267
2018	$5,264,279	$5,125,575	$2,283,931	$138,704

IOWA RURAL HEALTH TELECOMMUNICATIONS PROGRAM