Civic Intelligence

Des Moines University Osteopathic Medical Center

990 • Fiscal year 2016 • EIN 42-0730347

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 04, 2016

3200 Grand AvenueDes Moines, IA 50312-4198

(515) 271-1585

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.24x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.63x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

82nd percentile

17%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

60th percentile

$593,209

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

44th percentile

0.7%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

12%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$188,744,653

Up $1,364,973 (+0.7%) from 2015

Net Assets

Down

$143,322,286

Down $331,453 (-0.2%) from 2015

Liabilities

Up

$45,422,367

Up $1,696,426 (+3.9%) from 2015

Revenue

Up

$72,315,225

Up $7,829,108 (+12%) from 2015

Expenses

Up

$59,758,607

Up $2,133,455 (+3.7%) from 2015

Net Income

Up

$12,556,618

Up $5,695,653 (+83%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2012: $156,163,810Liabilities 2012: $49,783,953Net Assets 2012: $106,379,8572012Assets 2013: $173,492,654Liabilities 2013: $51,084,821Net Assets 2013: $122,407,8332013Assets 2014: $183,567,349Liabilities 2014: $45,051,189Net Assets 2014: $138,516,1602014Assets 2015: $187,379,680Liabilities 2015: $43,725,941Net Assets 2015: $143,653,7392015Assets 2016: $188,744,653Liabilities 2016: $45,422,367Net Assets 2016: $143,322,2862016Assets 2017: $203,207,188Liabilities 2017: $43,235,480Net Assets 2017: $159,971,7082017Assets 2018: $215,414,258Liabilities 2018: $43,200,344Net Assets 2018: $172,213,9142018Assets 2019: $227,813,326Liabilities 2019: $47,074,018Net Assets 2019: $180,739,3082019Assets 2020: $234,016,597Liabilities 2020: $43,970,093Net Assets 2020: $190,046,5042020Assets 2021: $450,267,375Liabilities 2021: $213,894,259Net Assets 2021: $236,373,1162021Assets 2022: $452,209,076Liabilities 2022: $223,803,535Net Assets 2022: $228,405,5412022Assets 2023: $512,471,225Liabilities 2023: $268,058,170Net Assets 2023: $244,413,0552023Assets 2025: $522,125,727Liabilities 2025: $245,210,817Net Assets 2025: $276,914,9102025

Highlighted filing

2016

Assets$188,744,653
Liabilities$45,422,367
Net Assets$143,322,286

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2012: $55,139,8612012Revenue 2013: $59,131,129Expenses 2013: $54,236,946Net Income 2013: $4,894,1832013Revenue 2014: $62,934,268Expenses 2014: $56,517,580Net Income 2014: $6,416,6882014Revenue 2015: $64,486,117Expenses 2015: $57,625,152Net Income 2015: $6,860,9652015Revenue 2016: $72,315,225Expenses 2016: $59,758,607Net Income 2016: $12,556,6182016Revenue 2017: $68,086,399Expenses 2017: $61,988,850Net Income 2017: $6,097,5492017Revenue 2018: $83,504,527Expenses 2018: $63,388,428Net Income 2018: $20,116,0992018Revenue 2019: $77,499,488Expenses 2019: $67,624,050Net Income 2019: $9,875,4382019Revenue 2020: $72,304,261Expenses 2020: $67,766,196Net Income 2020: $4,538,0652020Revenue 2021: $87,558,866Expenses 2021: $69,760,373Net Income 2021: $17,798,4932021Revenue 2022: $83,009,795Expenses 2022: $69,399,713Net Income 2022: $13,610,0822022Revenue 2023: $81,589,714Expenses 2023: $78,332,863Net Income 2023: $3,256,8512023Revenue 2025: $108,194,264Expenses 2025: $98,768,324Net Income 2025: $9,425,9402025

Highlighted filing

2016

Revenue$72,315,225
Expenses$59,758,607
Net Income$12,556,618
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$108,349,389
Mission and Program Overview

Mission

To improve lives in our global community by educating diverse groups of highly competent and compassionate health professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$95,932,211$94,868,042▼ $1,064,169
Land, Buildings, and Equipment, Net$37,894,270$38,297,014▲ $402,744
Investments Other Securities$29,651,681$28,875,340▼ $776,341
Savings and Temporary Cash Investments$11,260,549$13,718,898▲ $2,458,349
Other Notes and Loans Receivable, Net$5,780,293$5,716,155▼ $64,138
Prepaid Expenses and Deferred Charges$1,305,860$1,767,957▲ $462,097
Accounts Receivable$509,391$631,437▲ $122,046
Pledges and Grants Receivable$359,442$563,688▲ $204,246
Cash and Non-Interest-Bearing Accounts$1,475$1,475→ $0
Total Assets$187,379,680$188,744,653▲ $1,364,973
Other Assets Total$4,684,508$4,304,647▼ $379,861
Liabilities
Tax Exempt Bond Liabilities$27,580,000$26,333,486▼ $1,246,514
Grants Payable$5,907,282$6,010,515▲ $103,233
Other Liabilities$3,981,706$5,224,972▲ $1,243,266
Accounts Payable and Accrued Expenses$3,511,150$3,927,561▲ $416,411
Deferred Revenue$2,175,556$3,731,823▲ $1,556,267
Escrow Account Liability$570,247$194,010▼ $376,237
Total Liabilities$43,725,941$45,422,367▲ $1,696,426
Net Assets / Fund Balance
Unrestricted Net Assets$127,959,235$127,583,869▼ $375,366
Permanently Rstr Net Assets$8,582,353$8,693,220▲ $110,867
Temporarily Rstr Net Assets$7,112,151$7,045,197▼ $66,954
Total Net Assets Fund Balance$143,653,739$143,322,286▼ $331,453
Total Liabilities and Net Assets / Fund Balance$187,379,680$188,744,653▲ $1,364,973

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,906,752$32,529,945$60,436,697
Equipment$5,990,206$9,005,098$14,995,304
Land$3,523,595-$3,523,595
Other Land Buildings$876,461$2,155,383$3,031,844
Other Securities$4,446,925--
Closely Held Equity Interests$200,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$75,118,707$1,427,770▼ $2,112,047$5,499,181$67,332,355
2014$77,142,955$1,152,183▲ $2,744,120$4,599,013$75,118,707
2013$67,612,036$865,124▲ $14,399,129$4,459,329$77,142,955
2012$59,933,917$763,676▲ $12,306,956$4,274,745$67,612,036
2011$63,995,901$1,021,308▲ $699,486$4,292,452$59,933,917
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela L Walker Franklin PhdPresident, CEOFT$507,001$86,208$593,209
James Polk DoDeanFT$339,214$43,074$382,288
George Clavenna DoFacultyFT$320,985$57,897$378,882
Karen Mclean PhdProvostFT$287,321$62,271$349,592
George B Klock DoFacultyFT$270,146$31,848$301,994
Bret Ripley DoInterim DeanFT$258,461$35,424$293,885
Robert Yoho DpmDeanFT$245,111$34,849$279,960
Mark J PeifferCFOFT$255,699$21,106$276,805
Yogesh Shah MdFacultyFT$222,608$48,617$271,225
Adrian Woolley DoFacultyFT$230,063$32,808$262,871
Jose Figueroa Casanova DoFacultyFT$242,978$16,977$259,955
Jodi Cahalan PhdDeanFT$213,001$44,508$257,509
David Plundo DoAssociate Dean-$128,912$22,705$151,617
Mary a Radia DoSecretary,guest Lecturer-$1,200-$1,200
Jay ChristensenTreasurer,guest Lecturer-$300-$300

Highest Paid Contractors

ContractorServicesLocationCompensation
Sei InvestmentsInvestment ManagementONE FREEDOM VALLEY DRIVE, Oaks, PA 19456$670,262
AramarkFood Service825 SW IRVINEDALE DR, Ankeny, IA 50023$443,917
Encore One LLCCleaning Service1717 UNIVERSITY AVENUE WEST, St Paul, MN 55104$422,570
Iowa Physicians Clinic Medical FoundatioBilling Services8101 BIRCHWOOD CT STE N, Johnston, IA 50131$403,567
Gtg Construction LLCGeneral Contractor5637 RITTGERS COURT, Johnston, IA 50131$344,245
Revenue and Support

Revenue Composition

Contributions and Grants
$2,485,761
Program Service Revenue
$59,578,861
Investment Income
$9,545,318
Other Revenue
$705,285
All Other Contributions
$1,613,106
Change in Net Assets
$12,556,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,595,569
Revenue Not Reported on Financial Statements
$2,719,656
Revenue Not Reported on Form 990
$-12,837,656
Other Revenue Adjustments
$2,719,656
Total Revenue per Audited Statements
$56,757,913
Total Revenue per Form 990
$72,315,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,659,052
Other Expenses$19,890,878
Grants and Similar Amounts Paid$3,060,716
Total Fundraising Expense$882,728
Professional Fundraising Fees$147,961

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,445,683$4,982,136$439,448$26,867,267
Other Employee Benefits$2,593,588$952,121$51,798$3,597,507
Grants to Domestic Individuals$3,010,716--$3,010,716
Depreciation Depletion$1,971,279$997,653-$2,968,932
Fees for Services Other$673,438$1,699,483$1,004$2,373,925
Current Officers, Directors, Trustees, and Key Employees$1,066,258$1,233,065-$2,299,323
Information Technology$469,883$1,780,599-$2,250,482
Occupancy$2,125,533$90,556-$2,216,089
Pension Plan Contributions$1,577,606$366,353$36,975$1,980,934
Payroll Taxes$1,479,184$402,991$31,846$1,914,021
All Other Expenses$1,226,565$392,397$57,995$1,676,957
Office Expenses$1,160,502$381,197$19,786$1,561,485
Interest$652,878$213,029-$865,907
Fees for Service Investment Mgmnt Fees-$724,074-$724,074
Insurance$80,638$396,249-$476,887
Travel$310,806$91,033$43,818$445,657
Advertising-$386,747-$386,747
Fees for Services Professional Fundraising--$147,961$147,961
Conferences and Meetings$37,445$46,388$52,097$135,930
Fees for Services Accounting-$92,022-$92,022
Fees for Services Legal-$81,212-$81,212
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Lobbying$40,000--$40,000
Other Expenses$450,365$726-$726
Total Functional Expenses$43,565,848$15,310,031$882,728$59,758,607

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$59,758,607
Total Expenses per Audited Statements$57,089,366
Expenses per Audited Statements$56,962,142
Expenses Not Reported on Financial Statements$2,796,465
Other Expense Adjustments$2,796,465
Expenses Not Reported on Form 990$127,224
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Health Education and Residency Training NetworkDes Moines, IA501(c)(3)General Support$50,000

International Summary

Offices
0
Employees
0
Spending
$14,238,870

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsStudent and Faculty Travel - Global Health Program Services00$14,174,565
Central America and the CaribbeanProgram ServicesStudent and Faculty Travel - Global Health Program Services00$33,396
Europe (including Iceland & Greenland)Program ServicesFaculty Travel - Global Health Program Services00$13,847
Sub-saharan AfricaProgram ServicesStudent and Faculty Travel - Global Health Program Services00$9,703
East Asia and the PacificProgram ServicesFaculty Travel - Global Health Program Services00$3,773
South AsiaProgram Services-00$3,586
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$147,961
Fundraising Direct Expenses$48,803
Fundraising Gross Income$29,510

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Schol Dinner$371,845$24,620$10,941$13,679
Run Dmu$6,088$4,775$5,710$-935
Total Events$377,933$29,395$48,803$-19,408
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$5,224,972

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIowa Higher Education Loan Authority2003-06-25$22,700,000Construct and furnish education center
BIowa Higher Education Loan Authority2004-06-02$13,785,000Refunded prior issue (05/10/95)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,083,276$700,000$3,660,000$241,704
B$14,132,740$13,726,938$6,245,000$156,560

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
Yes
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

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.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section B, Line 15

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 chief financial officer, provost, deans, vice presidents, chief information officer, chief compliance officer, chief development officer, chief external and governmental affairs officer and chief human resources 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.

Form 990, Part VI, Section C, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Des Moines University Osteopathic
EIN
42-0730347
Phone
5152711585
Address
3200 GRAND AVENUE, DES MOINES, IA 50312-4198
Doing Business As
Des Moines University

Signing Officer

Name
Mark J Peiffer
Title
CFO
Phone
5152711585
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela L Walker Franklin
Formed
1898
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
19
Employees
1,229
Volunteers
991

Preparer

Firm
Rsm US Llp
Address
201 FIRST ST SE SUITE 800, CEDAR RAPIDS, IA 52401
Preparer
Carley Umstead
Phone
3192985333
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6:VOLUNTEERS

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

FORM 990, PART I, LINE 5:EMPLOYEES

The number of individuals employed during calendar year 2015 includes 153 guest lecturers and 536 student teaching and research assistants.

FORM 990, PART XI, LINE 9:

Unrealized loss on bond interest rate swap -1,243,266. Losses on uncollectible pledges -43,640.

Financial Statement Notes

PART IV, LINE 2B:

Funds held in escrow for future tuition payments total $96,763. Deposits held in custody for student organizations total $94,647. Rent deposits held in custody total $2,600.

PART V, LINE 4:

Endowment funds are intended to provide scholarships for students, establish research funds for faculty, and support programs and facilities.

PART X, LINE 2:

The university is recognized as exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The university may be subject to federal and state income taxes on any net income from unrelated business activities. The university files a form 990 (return of organization exempt from income tax) annually and unrelated business taxable income (ubit) is reported on form 990-t, as appropriate. Management has evaluated their material tax positions, which include such matters as the tax exempt status and various positions relative to potential sources of ubit. As of june 30, 2016 and 2015, there were no uncertain tax benefits identified and recorded as a liability.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Unrealized loss on bond interest rate swap -1,243,266.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses reported as expense on audited f/s -71,645. Event expenses reported as expense on audited f/s -48,804. Scholarships & tuition discounts reported net in revenue on audited f/s 2,840,105.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses reported as expense on audited f/s 71,645. Event expenses reported as expense on audited f/s 48,804.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships & tuition discounts reported net in revenue on audited f/s 2,840,105. Losses on uncollectible pledges reported as expense on audited f/s -43,640.

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IRS990/Desc0THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,603 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/16. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING EIGHT GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$522$245$277$108$98.8$9.43
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$512$268$244$81.6$78.3$3.26
2022Summary only. Only limited summary data is available for this year.$452$224$228$83.0$69.4$13.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$450$214$236$87.6$69.8$17.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$234$44.0$190$72.3$67.8$4.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$228$47.1$181$77.5$67.6$9.88
2018Summary only. Only limited summary data is available for this year.$215$43.2$172$83.5$63.4$20.1
2017Summary only. Only limited summary data is available for this year.$203$43.2$160$68.1$62.0$6.10
2016Detailed filing. Detailed filing data is available for this year.$189$45.4$143$72.3$59.8$12.6
2015Detailed filing. Detailed filing data is available for this year.$187$43.7$144$64.5$57.6$6.86
2014Detailed filing. Detailed filing data is available for this year.$184$45.1$139$62.9$56.5$6.42
2013Summary only. Only limited summary data is available for this year.$173$51.1$122$59.1$54.2$4.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$49.8$106$55.1
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $100M-$250M nonprofits