Iowa City Va Medical Research Foundation

Nonprofit profile at a glance

EIN
391886437
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Iowa City, IA, USA
Phone
3196883542
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$387,310
Expenses
$389,952
Assets
$1,450,824
Liabilities
$1,095,226

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • HOLT KATHLEEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • YOREK DR MARK (CHAIR): $179,786 total reported compensation
  • STRECK MELISSA (DIRECTOR): $111,514 total reported compensation
  • HOLT KATHLEEN (EXECUTIVE DIRECTOR): $101,840 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Iowa city va medical research foundation's (icvarf) mission is to mobilize resources that help improve veterans' healthcare, education, and lives. Based in Iowa city, a hub of research and health care in the midwest, the foundation services veterans in Iowa and eastern Illinois. Icvarf also helps the Iowa city va health care system advance its healthcare goals. Icvarf supports medical research projects led by va principal investigators and staff to assist and improve the healthcare provided to the veteran community.

What it reported doing in 2025

Iowa city va medical research foundation (icvarf) mobilizes resources that help improve veterans' healthcare, education, and lives. Based in Iowa city, a hub of research and health care in the midwest, we serve veterans in Iowa and eastern Illinois. Icvarf helps the Iowa city va health care system advance its healthcare goals. Icvarf supports medical research projects led by principal investigators and staff to assist and improve the healthcare provided to the veteran community.the foundation has successfully completed the novartis-valor-qi statin compliance crada.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 60
  • Accountability: 67
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.8%; rating input score 66
  • Program expense ratio: 68.3%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 22nd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.7%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 3.72; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 65.8% of revenue deployed · 68.3% of spending went to programs
  • Governance: 6 of 8 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $266K in reported program spending
  • Leadership: top reported pay $180K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.