SCHOOL TUITION ORGANIZATION OF SOU… - Form 990 Financial Data

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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

ANN RHODES

Phone

5633911845

Tax Period

2025-01-01 to 2025-12-31

SCHOOL TUITION ORGANIZATION OF SOUTHEAST IOWA, founded in 2006, is a small nonprofit that reported $550K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $615K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION PROVIDES TUITION GRANTS TO STUDENTS WHO ATTEND PRIVATE SCHOOLS IN SOUTHEAST IOWA.

Program Service Accomplishments

Program 1

Expenses: $589,662 Revenue: $0

THE ORGANIZATION PROVIDES TUITION GRANTS TO STUDENTS WHO ATTEND PRIVATE SCHOOLS IN SOUTHEAST IOWA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $532,240

Program Service Revenue $0

Investment Income $12,748

Other Revenue $5,243

TOTAL REVENUE $550,231

Expense Breakdown

Grants Paid $589,662

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,662

Other Expenses $24,922

TOTAL EXPENSES $614,584

Year-over-Year Comparison

	2025	2024	Change
Revenue	$550,231	$725,018	-0.2%
Expenses	$614,584	$676,269	-0.1%
Net Income	$-64,353	$48,749	-2.3%

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

N/A

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
CARROLL TOM	DIRECTOR	1.00	Director	$0	$0	$0
DEVANEY LYNNE	DIRECTOR	1.00	Director	$0	$0	$0
RHODES ANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROLING STEVE	EXECUTIVE DIRECTOR	8.00	Director	$0	$0	$0
SCHMIT GARY	TREASURER	1.00	Officer Director	$0	$0	$0
TALLMAN TOM	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
2025	$550,231	$614,584	$613,721	$-64,353
2024	$725,018	$676,269	$741,789	$48,749
2023	$988,590	$923,792	$967,358	$64,798
2023	$988,590	$951,905	$967,358	$36,685
2022	$1,426,688	$1,441,349	$1,406,857	$-14,661
2021	$1,426,933	$1,437,816	$1,433,668	$-10,883
2020	$1,548,700	$1,329,980	$1,543,464	$218,720
2019	$1,357,866	$1,263,560	$1,329,209	$94,306
2018	$1,259,072	$1,260,413	$1,227,011	$-1,341

SCHOOL TUITION ORGANIZATION OF SOUTHEAST IOWA