Iowa Health Foundation

Nonprofit profile at a glance

EIN
421467682
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Des Moines, IA, USA
Phone
5152415996
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$24,555,903
Expenses
$17,236,715
Assets
$223,403,125
Liabilities
$4,930,190

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

Leadership & pay

27 people listed

Executive titles in this filing

  • JON ROZENFELD BOARD (MEMBER/MARKET PRESIDENT (FR 01/24))
  • ERICA AXIOTIS (PRESIDENT (FR 01/24))
  • DENNIS LINDERBAUM (PRESIDENT (TO 01/24))

Highest reported compensation

  • JON ROZENFELD BOARD (MEMBER/MARKET PRESIDENT (FR 01/24)): $625,264 total reported compensation
  • DAN LAGRANGE VP PHILANTHROPY IHS (VP FIN & OPERATIONS (TO 01/21)): $304,283 total reported compensation
  • ERICA AXIOTIS (PRESIDENT (FR 01/24)): $284,058 total reported compensation

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

Overview

Mission

Improving the health of our communities through philanthropy, service and volunteerism.

What it reported doing in 2024

Grants, allocations and program supportiowa health foundation's (dba unitypoint health-des moines foundation) purpose is to raise funds to maintain, develop, increase and extend the facilities and services of central Iowa hospital corporation, unitypoint at home, Iowa physicians clinic medical foundation, and Iowa health system in des moines, ia, and to provide broader hospital, medical and educational service opportunities to its patients and their families, staff, and residents of the geographical area it serves. It supports the missions of these entities by raising financial contributions and investing the proceeds.the grant allocations and program support services include:- contributions to central Iowa hospital corporation, unitypoint at home and Iowa physicians clinic medical foundation for capital and equipment purchases, research, patient assistance, education, and program and general operating expenses.- scholarships awarded to individuals pursuing nursing and other medical education.- grants awarded to employees in crisis associated with central Iowa hospital corporation.- grants to local health communities associated with central Iowa hospital corporation.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 71
  • Accountability: 98
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 74.4%; rating input score 74
  • Fundraising efficiency: $6.25 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.7%; rating input score 96; 29th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 12.96; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 74.4% of spending went to programs
  • Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.8M in reported program spending
  • Leadership: top reported pay $625K · 27 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $300K reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 85 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.