Trimark Physicians Group

Nonprofit profile at a glance

EIN
453791448
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Fort Dodge, IA, USA
Phone
5155743101
Rating
31
Verdict
REVIEW
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$15,273
Expenses
$-32
Assets
$16,386,420
Liabilities
$22,670,523

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

Leadership & pay

13 people listed

Executive titles in this filing

  • LEAH GLASGO (BOARD MEMBER & MARKET PRESIDENT)

Highest reported compensation

  • MICHAEL WILLERTH MD (BOARD MEMBER): $684,246 total reported compensation
  • LEAH GLASGO (BOARD MEMBER & MARKET PRESIDENT): $602,275 total reported compensation
  • MICHAEL LEE MD (BOARD MEMBER): $409,059 total reported compensation

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

Overview

Mission

Trimark physicians group works with patients, communities, hospitals and other physicians to provide and coordinate high-quality, low-cost healthcare services accessible to all citizens in our area, in a local setting. We accept the social responsibility for setting the standard that will preserve the health of the people we serve.

What it reported doing in 2024

Health-care servicestrimark physicians group is an important element of the health-care delivery system that the north central Iowa communities rely on every day. It is committed to providing quality health care and to using its resources to the greatest community benefit. Trimark physicians group provides inpatient and outpatient medical services to treat individuals with diseases, illness and injuries with varying complexities. It provides services to improve the health of patients and to better their quality of life. All services are provided regardless of an individual's race, creed, sex, nationality, handicap, age or ability to compensate for services rendered. These include, but are not limited to, allergy, dermatology, foot and ankle, gastroenterology, nephrology, obstetrics/gynecology, orthopedics, palliative care, pediatrics, pulmonology, surgery, urgent care, outpatient clinics and check-ups. Some of the services provided do not generate enough income to offset their cost.

Operating model

Revenue model
Other-operating. 65% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - Most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 55
  • Accountability: 74
  • Sustainability: 0
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd 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: 54.5%; rating input score 55; 20th 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: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 1.38; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -30.1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -29.9% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 6 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $684K · 13 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 79 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Series program expenses within total did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.