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Nonprofiteer
← IOWA HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by IOWA HEALTH FOUNDATION.

Totals

Total revenue
$24,555,903
Total expenses
$17,236,715
Contributions and grants received
$9,769,242
Grants paid
$12,829,480
Program service revenue
$35,519
Investment income
$14,522,851
Other revenue
$228,291
Total assets, end of year
$223,403,125
Total liabilities, end of year
$4,930,190
Net assets or fund balances, end of year
$218,472,935
Program services expenses (Part IX)
$12,829,480
Management and general expenses
$2,843,160
Fundraising expenses
$1,564,075
Program service expenses (Part III)
$12,829,480

Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,565,725

  • 1d · Related organizations

    $185,000

  • 1e · Government grants (contributions)

    $1,006,106

  • 1f · All other contributions, gifts and grants

    $7,012,411

  • 1g · Noncash contributions included above

    $613,846

  • 2a · Program service revenue: MISCELLANEOUS REVENUE

    total $35,519 · excluded $35,519

  • 3 · Investment income

    total $6,178,726 · excluded $6,178,726

  • 7a · Gross sales of assets other than inventory

    securities $41,059,827

  • 7b · Less cost or other basis and sales expenses

    securities $32,715,702

  • 7c · Gain or loss

    securities $8,344,125

  • 7d · Net gain or loss

    total $8,344,125 · excluded $8,344,125

  • 8a · Fundraising events: gross income

    $447,473

  • 8a · Fundraising events: contributions included on line 1c

    $1,565,725

  • 8b · Fundraising events: direct expenses

    $436,251

  • 8c · Net income from fundraising events

    total $11,222 · excluded $11,222

  • 9a · Gaming: gross income

    $7,546

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $7,546 · excluded $7,546

  • 10a · Gross sales of inventory

    $1,227,173

  • 10b · Cost of goods sold

    $1,017,650

  • 10c · Net income from sales of inventory

    total $209,523 · excluded $209,523

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,741,248 · program services $12,741,248

  • 2 · Grants to domestic individuals

    total $88,232 · program services $88,232

  • 5 · Compensation of officers, directors and key employees

    total $319,316 · management and general $79,829 · fundraising $239,487

  • 7 · Other salaries and wages

    total $1,355,779 · management and general $533,554 · fundraising $822,225

  • 8 · Pension plan contributions

    total $69,848 · management and general $27,488 · fundraising $42,360

  • 9 · Other employee benefits

    total $112,853 · management and general $44,412 · fundraising $68,441

  • 10 · Payroll taxes

    total $89,253 · management and general $35,125 · fundraising $54,128

  • 11c · Fees: accounting

    total $43,000 · management and general $43,000

  • 11e · Fees: professional fundraising services

    total $108,494 · fundraising $108,494

  • 11f · Fees: investment management

    total $1,935,950 · management and general $1,935,950

  • 11g · Fees: other

    total $124,406 · management and general $20,104 · fundraising $104,302

  • 12 · Advertising and promotion

    total $12,174 · management and general $1,560 · fundraising $10,614

  • 13 · Office expenses

    total $69,702 · management and general $36,307 · fundraising $33,395

  • 14 · Information technology

    total $3,716 · management and general $2,465 · fundraising $1,251

  • 16 · Occupancy

    total $52,160 · management and general $52,160

  • 17 · Travel

    total $24,202 · management and general $6,402 · fundraising $17,800

  • 19 · Conferences, conventions and meetings

    total $16,708 · management and general $6,057 · fundraising $10,651

  • 22 · Depreciation, depletion and amortization

    total $10,200 · management and general $10,200

  • 23 · Insurance

    total $64 · management and general $64

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $58,834 · management and general $7,907 · fundraising $50,927

  • 24b · Other expenses: SALES & USE TAXES

    total $576 · management and general $576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,729,357 · end of year $1,779,003

  • 2 · Savings and temporary cash investments

    beginning of year $957,091 · end of year $793,886

  • 3 · Pledges and grants receivable

    beginning of year $4,645,311 · end of year $4,325,160

  • 7 · Other notes and loans receivable

    beginning of year $20,194,389 · end of year $19,262

  • 8 · Inventories for sale or use

    beginning of year $97,575 · end of year $81,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,126 · end of year $73,014

  • 10a · Land, buildings and equipment: cost or other basis

    $351,879

  • 10b · Land, buildings and equipment: accumulated depreciation

    $155,871

  • 10c · Land, buildings and equipment, net

    beginning of year $118,799 · end of year $196,008

  • 11 · Investments: publicly traded securities

    beginning of year $191,627,014 · end of year $208,064,021

  • 13 · Investments: program-related

    beginning of year $7,646,002 · end of year $7,895,035

  • 15 · Other assets

    beginning of year $26,099 · end of year $176,303

  • 17 · Accounts payable and accrued expenses

    beginning of year $573,908 · end of year $513,673

  • 19 · Deferred revenue

    beginning of year $32,551 · end of year $7,083

  • 25 · Other liabilities

    beginning of year $23,428,633 · end of year $4,409,434

  • 27 · Net assets without donor restrictions

    beginning of year $134,306,301 · end of year $141,979,326

  • 28 · Net assets with donor restrictions

    beginning of year $68,764,370 · end of year $76,493,609

Mission and programs · 2024

Mission

IMPROVING THE HEALTH OF OUR COMMUNITIES THROUGH PHILANTHROPY, SERVICE AND VOLUNTEERISM.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $12,829,480 · Grants $12,829,480

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Larry Baker Do

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Billerbeck

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Charles Colby III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reynolds Cramer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Ghrist MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Devon Goetz MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Grandquist

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Halbrook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carma Herring RN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Hertz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Houser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Burton 'Toby' Joseph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Kammerer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shelley Kolz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike McCoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rose Mitchell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Pertzborn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tony Rogers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Rozenfeld Board

    MEMBER/MARKET PRESIDENT (FR 01/24)

    Total calculated
    $625,264
    From this org
    $0
    From related orgs
    $536,925
    Other
    $88,339
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,775 related
    Bonus
    $0
    Other
    $0 + $48,150 related
    Deferred
    $0 + $65,779 related
    Nontaxable benefits
    $0 + $22,560 related
    Filer's total
    $0 + $625,264 related

  • Georgia Van Gundy

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Wiskus

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Erica Axiotis

    PRESIDENT (FR 01/24)

    Total calculated
    $284,058
    From this org
    $0
    From related orgs
    $239,666
    Other
    $44,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $227,662 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $2,004 related
    Deferred
    $0 + $11,377 related
    Nontaxable benefits
    $0 + $33,015 related
    Filer's total
    $0 + $284,058 related

  • Donald Ireland-Schunicht

    SVP, GIFT PLANNING (TO 01/24)

    Total calculated
    $3,293
    From this org
    $0
    From related orgs
    $3,136
    Other
    $157
    Hours/week
    40

  • Dennis Linderbaum

    PRESIDENT (TO 01/24)

    Total calculated
    $121,287
    From this org
    $0
    From related orgs
    $114,114
    Other
    $7,173
    Hours/week
    40

  • Dan Lagrange Vp Philanthropy Ihs

    VP FIN & OPERATIONS (TO 01/21)

    Total calculated
    $304,283
    From this org
    $0
    From related orgs
    $255,228
    Other
    $49,055
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,413 related
    Bonus
    $0 + $52,645 related
    Other
    $0 + $4,170 related
    Deferred
    $0 + $13,038 related
    Nontaxable benefits
    $0 + $36,017 related
    Filer's total
    $0 + $304,283 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: JONATHAN ROZENFELD $48,529.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL PHARMACY · IL

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523189349307382

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