IOWA ALLIANCE FOR CHOICE IN EDUCATION (EIN 204240578) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

PATTY LANSINK

Phone

5153230687

Tax Period

2024-01-01 to 2024-12-31

IOWA ALLIANCE FOR CHOICE IN EDUCATION, founded in 2006, is a micro nonprofit in the Education sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $203K exceeded revenue, resulting in a 131% operating deficit.

Mission

TO PROMOTE THE EXPANSION OF SCHOOL CHOICE FOR THE BENEFIT OF IOWA'S CHILDREN.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $87,808

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $87,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,936

Fundraising Expenses $6,247

Program Expenses $156,675

Other Expenses $78,154

TOTAL EXPENSES $203,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,811	$231,023	-0.6%
Expenses	$203,090	$204,123	0.0%
Net Income	$-115,279	$26,900	-5.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ALONS	DIRECTOR	1.00	Director	$0	$0	$0
TOM CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAN DOELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
PATTY LANSINK	PRESIDENT/CHAIR & DIRECTOR	2.00	Officer Director	$0	$0	$0
LYNNE DEVANEY	DIRECTOR	1.00	Director	$0	$0	$0
SARA EIDE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RAINS	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA QUICK	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
DEWEY TORKELSEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BISHOP	VICE PRES/VICE CHAIR & DIR	2.00	Officer Director	$0	$0	$0
BRIAN L'HEUREUX	DIRECTOR	1.00	Director	$0	$0	$0
CADE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
NICK RYAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BOWAR	TREASURER & DIRECTOR	2.00	Officer Director	$0	$0	$0
CHRIS HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
GERRY KAPANKA	DIRECTOR	1.00	Director	$0	$0	$0
CATHY WALZ	DIRECTOR	1.00	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	$87,811	$203,090	$108,695	$-115,279
2023	$231,023	$204,123	$223,151	$26,900
2022	$239,196	$211,480	$197,428	$27,716
2021	$166,590	$162,642	$166,249	$3,948
2020	$137,218	$132,944	$160,656	$4,274
2019	$189,651	$143,467	$156,304	$46,184
2018	$139,865	$208,935	$110,846	$-69,070

IOWA ALLIANCE FOR CHOICE IN EDUCATION