Iowa Falls Clinic
- Assets
- $1.9m
- Revenue
- $16.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Iowa Falls, IA
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 42-1467712
Organization Overview
Iowa Falls Clinic is located in Iowa Falls, IA. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Falls 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 06/2021, Iowa Falls Clinic generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (59.8%) each year. All expenses for the organization totaled $4.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (68.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MISSION OF COMMUNITY AND HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA FALLS CLINIC WAS A JOINT VENTURE BETWEEN HANSEN FAMILY HOSPITAL AND MERCY MEDICAL CENTER NORTH IOWA, LOCATED IN IOWA FALLS, IOWA. THE PRIMARY PURPOSE OF THE CLINIC WAS TO DEVELOP, COORDINATE, AND PROVIDE ALL MANNERS OF CLINICAL MEDICAL SERVICES TO RESIDENTS, VISITORS, AND EMPLOYEES OF HARDIN COUNTY AND THE SURROUNDING AREA. TO FULFILL ITS MISSION OF COMMUNITY SERVICE, THE CLINIC PROVIDED CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. REVENUE FROM SERVICES TO THESE PATIENTS IS RECORDED IN THE ACCOUNTING SYSTEM AT THE ESTABLISHED RATES, BUT THE CLINIC DOES NOT PURSUE COLLECTION OF THE AMOUNTS. THE RESULTING ADJUSTMENTS WERE RECORDED AS ADJUSTMENTS TO PATIENT SERVICE REVENUE, DEPENDING ON THE TIMING OF THE CHARITY DETERMINATION. EFFECTIVE JULY 1, 2020, IOWA FALLS CLINIC SOLD MANY OF THE ASSETS OF THE CLINIC TO HANSEN FAMILY HOSPITAL, WHO THEN TOOK OVER CLINIC OPERATIONS VIA AN ASSET PURCHASE AGREEMENT. CERTAIN ASSETS OF THE CLINIC WERE EXCLUDED FROM THE ASSET PURCHASE AGREEMENT SUCH AS CASH AND ACCOUNTS RECEIVABLE. REMAINING CASH BALANCES OF THE CLINIC AFTER COLLECTION OF ACCOUNTS RECEIVABLE BALANCES WILL BE DISTRIBUTED TO THE HOSPITAL AND MERCY MEDICAL CENTER NORTH IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Haverkamp MD President/secretary | OfficerTrustee | 0.01 | $0 |
Doug Morse Hfh CEO | Officer | 0.01 | $0 |
George Von Mock Hfh CFO | Officer | 0.01 | $0 |
Francis Fritz Director | Trustee | 0.01 | $0 |
Marianne Jones Director | Trustee | 0.01 | $0 |
Maureen Brantner Director | Trustee | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercy Medical Center - North Iowa Management, Medical, And Professional Se | 6/29/20 | $1,679,225 |
Ellsworth Municipal Hospital Rent And Contracted Services | 6/29/20 | $2,123,195 |
Ellsworth Municipal Hospital Rent And Contracted Services | 6/29/20 | $2,123,195 |
Mercy Medical Center - North Iowa Management, Medical, And Professional Se | 6/29/20 | $1,679,225 |
Ellsworth Municipal Hospital Rent And Contracted Services | 6/29/20 | $2,123,195 |
Mercy Medical Center - North Iowa Management, Medical, And Professional Se | 6/29/20 | $1,679,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $41,597 |
| Investment income | $4,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,220 |
| All other expenses | $0 |
| Total functional expenses | $4,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,739 |
| Savings and temporary cash investments | $1,781,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,704 |
| Total assets | $1,919,600 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,919,600 |
| Net assets with donor restrictions | $0 |
| 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 | $1,919,600 |
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|---|---|---|
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Bridges Medical Center Ada, MN | $19,290,142 | $10,108,060 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Hospital Sisters Mission Outreach Corporation Springfield, IL | $8,085,108 | $5,268,316 |
Seasons Hospice Rochester, MN | $9,859,927 | $8,553,990 |
Living Services Foundation Minneapolis, MN | $11,713,734 | $6,646,276 |
South Campus Partners Inc Maywood, IL | $11,061,656 | $2,533,353 |
Copley Ventures Inc Aurora, IL | $34,519,696 | $4,235,473 |
St Marys Innovis Health Detroit Lakes, MN | $2,694,687 | $3,918,221 |
Tabitha Foundation Lincoln, NE | $18,487,506 | $10,306,792 |
Dubois-Douglas Centres Matteson, IL | $1,127,343 | $3,203,935 |
Callaway Good Life Center Callaway, NE | $2,092,282 | $2,829,076 |