Iowa Physicians Clinic Medical Foundation
- Assets
- $282.6m
- Revenue
- $622.7m
- Investments
- $0.0
- Employees
- 5,364
- Location
- West Des Moines, IA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 42-1411630
Organization Overview
Iowa Physicians Clinic Medical Foundation, operating under the name Unitypoint Clinic, is located in West Des Moines, IA. The organization was established in 1997. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Unitypoint Clinic employed 5,364 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unitypoint Clinic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Unitypoint Clinic generated $622.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $629.4m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
HEALTH-CARE SERVICESIOWA PHYSICIANS CLINIC MEDICAL FOUNDATION IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE IOWA AND WESTERN ILLINOIS COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION 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, GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE AND CRITICAL CARE, MENTAL HEALTH CARE, REHABILITATION, SKILLED NURSING, MATERNAL/CHILD CARE, LABORATORY, EMERGENCY SERVICES, OUTPATIENT CLINICS, CHECK-UPS AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2022, IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION HAD 2,763,125 PATIENT ENCOUNTERS.
COMMUNITY BENEFITSCHARITY CARE AND MEANS-TESTED PROGRAMS: IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE AT A VALUE OF $2,467,409 IN 2022. OFTENTIMES, IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $56,591,438 FOR 2022. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $59,058,847OTHER BENEFITS:IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES, HEALTH PROFESSIONAL'S EDUCATION, SUBSIDIZED HEALTH SERVICES, RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION COLLABORATES WITH OTHER HEALTH-CARE PROVIDERS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. TOTAL OTHER BENEFITS REPORTED VALUE: $5,838,313.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holley Bermel DO Board Vice Chair | OfficerTrustee | 40 | $277,443 |
Michelle Blackmer Board Member | Trustee | 1 | $0 |
Leanne Burrack Board Member | Trustee | 40 | $0 |
Pamela Delagardelle Board Member | Trustee | 1 | $0 |
Diana Edwards MD Board Chair | OfficerTrustee | 40 | $374,026 |
Debra Johnson Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cnos Pc Staffing Services | 12/30/22 | $2,551,376 |
Chg Companies Inc Staffing Services | 12/30/22 | $3,175,545 |
Invision Architecture Ltd Construction Services | 12/30/22 | $1,289,930 |
Edge Commercial Llc Construction Services | 12/30/22 | $1,262,748 |
Weatherby Locums Inc Physician Services | 12/30/22 | $1,977,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $153,634,929 |
| Government grants | $7,926,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,597,163 |
| Total Program Service Revenue | $432,481,489 |
| Investment income | $516,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $716,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,722,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,954 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,242,791 |
| Compensation of current officers, directors, key employees. | $15,242,791 |
| Compensation to disqualified persons | $5,302,983 |
| Other salaries and wages | $361,490,106 |
| Pension plan accruals and contributions | $11,659,232 |
| Other employee benefits | $41,550,418 |
| Payroll taxes | $20,101,426 |
| Fees for services: Management | $53,978,509 |
| Fees for services: Legal | $139,860 |
| Fees for services: Accounting | $749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $755,251 |
| Fees for services: Other | $15,808,182 |
| Advertising and promotion | $103,552 |
| Office expenses | $1,192,405 |
| Information technology | -$1,152,418 |
| Royalties | $0 |
| Occupancy | $40,490,845 |
| Travel | $944,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363,775 |
| Interest | $243,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,328,665 |
| Insurance | $10,867,625 |
| All other expenses | $0 |
| Total functional expenses | $629,445,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,998,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,704,864 |
| Inventories for sale or use | $6,006,854 |
| Prepaid expenses and deferred charges | $2,705,695 |
| Net Land, buildings, and equipment | $42,283,230 |
| Investments—publicly traded securities | $58,760,591 |
| Investments—other securities | $0 |
| Investments—program-related | $259,451 |
| Intangible assets | $0 |
| Other assets | $90,915,902 |
| Total assets | $282,635,167 |
| Accounts payable and accrued expenses | $54,677,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,275,132 |
| Unsecured mortgages and notes payable | $58,824 |
| Other liabilities | $201,523,887 |
| Total liabilities | $260,534,852 |
| Net assets without donor restrictions | $21,852,197 |
| Net assets with donor restrictions | $248,118 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $282,635,167 |
Grants Awarded
Over the last fiscal year, Iowa Physicians Clinic Medical Foundation has awarded $348,277 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CHARITIES OF CENTRAL IOWA PURPOSE: PROGRAM SUPPORT | $8,000 |
UNITY HEALTHCARE PURPOSE: PROGRAM SUPPORT | $340,277 |