IOWA READING ASSOCIATION (EIN 237019292) - 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

1989

Legal Domicile

Principal Officer

NANCY WRIGHT

Tax Period

2023-09-01 to 2024-08-31

IOWA READING ASSOCIATION, founded in 1989, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $29K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROMOTE READING SKILLS

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,927

Program Service Revenue $244

Investment Income $1

Other Revenue $17,972

TOTAL REVENUE $23,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,918

Fundraising Expenses $0

Program Expenses $1,008

Other Expenses $16,081

TOTAL EXPENSES $28,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,144	$25,802	-0.1%
Expenses	$28,999	$27,787	+0.0%
Net Income	$-5,855	$-1,985	+1.9%

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

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
JULIE ANDERSON	MEMBERSHIP D	1.00	Director	$0	$0	$0
DIANE BEAN	NORTHEAST RE	1.00	Director	$0	$0	$0
MEGAN BENSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MONALIZA CHAIN	SECRETARY	1.00	Director	$0	$0	$0
WENDY MATSON	SOUTHWEST RD	1.00	Director	$0	$0	$0
SOHYUM MEACHAM	PRESIDENT -	1.00	Director	$0	$0	$0
TONY PIEPER	PAST PRESIDE	1.00	Director	$0	$0	$0
JILL SWANSON	TREASURER	1.00	Director	$0	$0	$0
DANI WAGAMAN	STATE COORDI	1.00	Director	$0	$0	$0
NANCY WRIGHT	EXECUTIVE DI	5.00	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	$23,144	$28,999	$12,445	$-5,855
2023	$25,802	$27,787	$18,300	$-1,985
2022	$984	$32,104	$20,087	$-31,120
2021	$62,006	$33,117	$51,207	$28,889
2020	$21,461	$33,674	$22,326	$-12,213
2019	$29,600	$39,807	$34,223	$-10,207

IOWA READING ASSOCIATION