Des Moines University Osteopathic Medical Center

“Dr. Eric barp, trustee, and amber lenhardt, trustee, have a business relationship.”

“Before form 990 is filed, an electronic copy is made available to all board members on the board of trustees' portal. The audit and compliance committee meets to review form 990 and votes to approve filing of the 990 prior to submission.”

“In accordance with the university's conflict of interest policy, all trustees, the president, and executive leadership team members with the university must complete and sign a conflict of interest disclosure statement annually, including initial disclosure at the beginning of their service, and disclose any new potential conflicts as they develop. The chief compliance officer reviews initial and annual disclosure statements and potential conflicts are reviewed annually by the audit and compliance committee. The policy is administered by the chair of the board for the board of trustees and the president. The policy is administered by the chief compliance officer for executive leadership team members. Additionally, the university's external audit firm reviews the disclosure statements as part of their annual audit and reports findings to the audit and compliance committee of the board. A conflict of interest exists (1) when an individual obtains or appears to obtain an improper gain or advantage as a result of his/her activities on behalf of the university, (2) when his/her activities advance or appear to advance his/her own interests or those of another rather than the interests of the university, or (3) when his/her actions adversely affect or appear to adversely affect the best interests of the university. Individuals shall not participate in discussions, votes, or other representations on previously disclosed or newly developed conflicts of interest.”

“The organization has a method and process which includes gathering comparative data from external sources for rating positions and determining compensation. Salary ranges have been established for all university positions based on market value. In instances where sufficient comparative data is not available, the organization utilizes membership in an employer's association which provides human resources services in several areas including hr consulting, compensation, and compliance. The executive committee reviews salaries and ranges of executive leadership team members in may for salaries effective the following july 1st. This includes salaries for the positions of senior vp and chief financial officer, deans, vice presidents, chief information officer, chief compliance officer, chief diversity officer, chief clinic administrative officer, chief human resources officer, and chief research officer. For the university president/ceo, the executive committee serves as the compensation committee and evaluates the president's contract and associated salary based upon comparable data and established ranges. The performance evaluation is an important component of the evaluation process. The board of trustees approves president's contract and salary based upon comparable data and president's performance evaluation. The university contracts with an independent compensation consultant every three years to complete a comprehensive analysis of the total compensation for the president/ceo and this is reviewed with the executive committee.”

“Audit report is made available online through the municipal securities rulemaking board website for electronic municipal market access. Governing documents and conflict of interest policy are not available to the public.”

“Volunteers are made up of board members, guest classroom lecturers, preceptors for clinical rotations and student volunteers for community service activities.”

“The number of individuals employed during calendar year 2024 includes 86 guest lecturers and 465 students and student research assistants.”

“Unrealized loss on bond interest rate swap -140,151. Loss on uncollectible pledges -26,474.”