Iowa Falls Clinic C/o Hansen Family Hospital

Nonprofit profile at a glance

EIN
421467712
IRS 990 coverage
2011–2022
Forms available
Form 990 2022
Location
Iowa Falls, IA, USA
Phone
6416484631
Rating confidence
Limited
Sector
Hospitals and Related Primary Medical Care Facilities

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KATHLEEN HAVERKAMP MD (PRESIDENT/SECRETARY)
  • GEORGE VON MOCK (HFH CEO)

People named in this filing

  • KATHLEEN HAVERKAMP MD (PRESIDENT/SECRETARY)
  • FRANCIS FRITZ (DIRECTOR)
  • MARIANNE JONES (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop, coordinate, and provide all manners of clinical medical services to residents, visitors, and employees of hardin county and the surrounding area.

What it reported doing in 2022

Hansen family hospital was in a joint venture agreement with mercy medical center - north Iowa to operate the Iowa falls clinic. The clinic provided, developed, and coordinated all manner of clinical medical services to residents, visitors, and employees of hardin county and the surrounding area.hansen family hospital is a 50% owner of Iowa falls clinic and shares income or losses from clinic operations. Hansen family hospital purchased many of the assets of Iowa falls clinic on july 1, 2020, and took over clinic operations via an asset purchase agreement. Certain assets of Iowa falls clinic were excluded from the asset purchase agreement such as cash and accounts receivable. Remaining cash balances of Iowa falls clinic after collection of accounts receivable balances were distributed to hansen family hospital and mercy medical center - north Iowa in fy23. Iowa falls clinic was formally dissolved during fiscal year 2022 with the state of Iowa. Hansen family hospital received equity distributions during the june 30, 2022 year and the final distribution of remaining funds in fiscal year 2023. Hansen family hospital paid out mercy medical center - north Iowa's portion.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 81
  • Accountability: 88
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -26.3% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -14.5% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: -9.3% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.