QUILTS OF VALOR FOUNDATION

EIN: 202474691 501(c)(3) Human Services

WINTERSET, IA

Total Revenue
$2,046,773
Total Expenses
$1,856,056
Total Assets
$1,858,404
Net Assets
$1,808,267
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Principal Officer
LAURI LEIRDAHL
Phone
5157087689
Tax Period
2024-01-01 to 2024-12-31

QUILTS OF VALOR FOUNDATION, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 9% surplus.

Mission

TO COVER SERVICE MEMBERS AND VETERANS TOUCHED BY WAR WITH COMFORTING AND HEALING QUILTS OF VALOR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,977,037
Program Service Revenue $3,963
Investment Income $32,543
Other Revenue $33,230
TOTAL REVENUE $2,046,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,120
Fundraising Expenses $19,077
Program Expenses $1,498,783
Other Expenses $1,620,936
TOTAL EXPENSES $1,856,056

Year-over-Year Comparison

2024 2023 Change
Revenue $2,046,773 $1,713,162 +0.2%
Expenses $1,856,056 $1,382,302 +0.3%
Net Income $190,717 $330,860 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
10
Volunteers
10913

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$69,698
Total Directors
12
$69,698
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE REICH DIRECTOR 5.00
Director
$0 $0 $0
NANCY BETH THOMSON DIRECTOR 2.00
Director
$0 $0 $0
LAURI LEIRDAHL PRESIDENT 15.00
Officer Director
$0 $0 $0
ANN REHBEIN TREASURER 15.00
Officer Director
$0 $0 $0
ROBIN KOEHLER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JODI INMAN SECRETARY 4.00
Officer Director
$0 $0 $0
JOHN OXLEY DIRECTOR 4.00
Director
$0 $0 $0
JON NEUHAUS DIRECTOR 2.00
Director
$0 $0 $0
CHRIS HAMP DIRECTOR 2.00
Director
$0 $0 $0
LIBBY KITSLAAR DIRECTOR 5.00
Director
$0 $0 $0
LEXIE MILIKAN EXECUTIVE DIR. 40.00
Officer Director
$69,698 $0 $69,698
ANNA MAY NAUSS DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,046,773 $1,856,056 $1,858,404 $190,717
2023 $1,713,162 $1,382,302 $1,663,795 $330,860
2022 $1,403,420 $1,183,015 $1,315,353 $220,405
2021 $1,330,384 $1,098,004 $1,117,654 $232,380
2020 $1,081,904 $949,941 $1,044,505 $131,963
2019 $1,144,710 $1,103,210 $749,068 $41,500
2018 $1,204,651 $1,044,946 $693,465 $159,705
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