MONSIGNOR LAFFERTY TUITION FOUNDATION (EIN 205437032) - 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

ROYCE RANNIGER

Phone

7122557933

Tax Period

2024-01-01 to 2024-12-31

MONSIGNOR LAFFERTY TUITION FOUNDATION, founded in 2006, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE SOLICITATION, COLLECTION, ADMINISTRATION AND DISTRIBUTION OF VOLUNTARY CONTRIBUTIONS TO ALLOCATE AT LEAST 90% OF ANNUAL REVENUE FOR TUITION GRANTS TO ELIGIBLE STUDENTS WHO RESIDE IN IOWA TO ALLOW EACH STUDENT TO ATTEND ANY QUALIFIED SCHOOL OF THEIR PARENTS' CHOICE.

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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 $2,026,188

Program Service Revenue $0

Investment Income $122,823

Other Revenue $0

TOTAL REVENUE $2,149,011

Expense Breakdown

Grants Paid $2,274,013

Salaries & Benefits $0

Fundraising Expenses $42,382

Program Expenses $2,274,013

Other Expenses $162,631

TOTAL EXPENSES $2,436,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,149,011	$2,514,021	-0.1%
Expenses	$2,436,644	$3,496,297	-0.3%
Net Income	$-287,633	$-982,276	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOST REV R WALKER NICKLESS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MATT GRETEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY NILLES	BOARD MEMBER	1.00	Director	$0	$0	$0
REV MERLIN SCHRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN GOEBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY LANSINK	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON GRETEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ELY	BOARD MEMBER	1.00	Director	$0	$0	$0
VERY REV MSGR KEVIN MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA BORMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE KOOB	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY UHL	BOARD MEMBER	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	$2,149,011	$2,436,644	$2,358,554	$-287,633
2023	$2,514,021	$3,496,297	$2,645,724	$-982,276
2022	$3,634,741	$3,006,078	$3,637,455	$628,663
2021	$2,976,174	$3,207,990	$2,998,016	$-231,816
2020	$3,115,333	$2,750,501	$3,226,674	$364,832
2019	$2,841,806	$3,058,550	$2,875,992	$-216,744
2018	$2,921,195	$2,891,636	$3,090,217	$29,559

MONSIGNOR LAFFERTY TUITION FOUNDATION