Broadlawns Medical Center Foundation

Nonprofit profile at a glance

EIN
421527407
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152824603
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$575,935
Expenses
$312,622
Assets
$3,610,784
Liabilities
$37,434

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JASON KRUSE (INTERIM PRESIDENT)
  • PROCTOR LUREMAN (PRESIDENT)
  • CHRISTY GOODING (INTERIM EXECUTIVE DIRECTOR)

Highest reported compensation

  • JASON KRUSE (INTERIM PRESIDENT): $743,300 total reported compensation
  • JIM LYNCH (TREASURER): $439,837 total reported compensation
  • PROCTOR LUREMAN (PRESIDENT): $291,916 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The broadlawns medical center foundation is dedicated to supporting the success of broadlawns medical center by promoting its financial health and enhancing its reputation in the community.

What it reported doing in 2024

The bmcf supports the mission and long-term success of broadlawns medical center by securing and distributing philanthropic resources to advance patient care, hospital operations, workforce development, and community health initiatives. Funds are received through individual and corporate contributions, private foundations, grants, in-kind donations, and special events, and are stewarded to support programs, equipment, and services aligned with the medical center's role as polk county's essential hospital.broadlawns medical center serves a patient population with significant financial and social needs. During the reporting period, nearly 70% of patients were not commercially insured, including approximately 8% with no insurance coverage. Many patients experience barriers that extend beyond clinical care and affect safety, stability, and recovery. Foundation-supported programs are designed to help address these needs and support access to care with dignity and compassion.bmcf funding supported workforce development initiatives such as the teach and tech job training programs, which provide healthcare education and career pathways for individuals facing employment barriers. These programs strengthen the healthcare workforce while expanding economic opportunity in the community.foundation resources also supported key clinical services, including memory health services and maternal and infant care through the family birthing center. Through this support, new parents received essential safety and care items such as car seats, diapers, and related supplies to promote safe transitions home following delivery.to further support patients' basic needs, bmcf funded programs that address practical barriers to care. These included hospital-based clothing closets, transportation assistance such as bus tokens, and other essential supports that help patients attend appointments, safely return home, and maintain dignity during and after care.through these activities, the broadlawns medical center foundation advanced access to healthcare, strengthened hospital capacity, and supported broadlawns medical center in meeting the ongoing needs of vulnerable patients and families across polk county.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 78
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.4%; rating input score 38
  • Program expense ratio: 44.5%; rating input score 45
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 45.7%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 11.55; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 95.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -4.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 38.4% of revenue deployed · 44.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $139K in reported program spending
  • Leadership: top reported pay $743K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.