IOWA LAKES CORRIDOR INITIATIVE (EIN 205129802) - 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

KILEY MILLER

Phone

7122643474

Tax Period

2017-07-01 to 2018-06-30

IOWA LAKES CORRIDOR INITIATIVE, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2017. Revenue surged 278% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 27% operating margin.

Mission

PROVIDING EDUCATIONAL ACTIVITIES THAT INCLUDE PROFESSIONAL EDUCATION AND TRAINING, SEMINARS, WORKSHOPS, ETC.

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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 (2017)

Revenue Breakdown

Contributions & Grants $326,584

Program Service Revenue $13,691

Investment Income $1,523

Other Revenue $0

TOTAL REVENUE $341,798

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,780

Other Expenses $246,230

TOTAL EXPENSES $248,230

Year-over-Year Comparison

	2017	2016	Change
Revenue	$341,798	$90,369	+2.8%
Expenses	$248,230	$52,534	+3.7%
Net Income	$93,568	$37,835	+1.5%

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

N/A

Volunteers

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

$123,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY SACKETT	TREASURER	0.34	Officer Director	$0	$0	$0
VAL NEWHOUSE	BOARD MEMBER	0.34	Director	$0	$0	$0
JEANETH IBARRA	BOARD MEMBER	0.34	Director	$0	$0	$0
MIKE PORSH	BOARD MEMBER	0.34	Director	$0	$0	$0
CARL TURNER	BOARD MEMBER	0.34	Director	$0	$0	$0
JON WILCKE	BOARD MEMBER	0.34	Director	$0	$0	$0
BURLIN MATTHEWS	BOARD MEMBER	0.34	Director	$0	$0	$0
JOHN TATMAN	BOARD MEMBER	0.34	Director	$0	$0	$0
DOUG BENJAMIN	BOARD MEMBER	0.34	Director	$0	$0	$0
SUSAN ZULK	BOARD MEMBER	0.34	Director	$0	$0	$0
ED VOS	BOARD MEMBER	0.34	Director	$0	$0	$0
SEAN SHERROD	BOARD MEMBER	0.34	Director	$0	$0	$0
KENT STENSLAND	CHAIR	0.34	Officer Director	$0	$0	$0
PENNY CLAYTON	BOARD MEMBER	0.34	Director	$0	$0	$0
JOHN PLUTH	BOARD MEMBER	0.34	Director	$0	$0	$0
RICK OLESEN	BOARD MEMBER	0.34	Director	$0	$0	$0
KILEY MILLER	PRESIDENT	0.34	Officer	$0	$0	$123,200

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
2018	$341,798	$248,230	$173,074	$93,568

IOWA LAKES CORRIDOR INITIATIVE