NORTH IOWA AREA COMMUNITY COLLEGE FOUNDATION C/O MINDY EASTMAN (EIN 237023677) - 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

1968

Legal Domicile

Principal Officer

NANCY BARNES

Phone

6414224363

Tax Period

2023-07-01 to 2024-06-30

NORTH IOWA AREA COMMUNITY COLLEGE FOUNDATION C/O MINDY EASTMAN, founded in 1968, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 46% operating margin.

Mission

RAISE FUNDS TO SUPPORT EDUCATIONAL MISSION.

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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 $2,363,509

Program Service Revenue $63,887

Investment Income $5,564,219

Other Revenue $0

TOTAL REVENUE $7,991,615

Expense Breakdown

Grants Paid $3,380,858

Salaries & Benefits $0

Fundraising Expenses $210,453

Program Expenses $4,064,234

Other Expenses $941,260

TOTAL EXPENSES $4,322,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,991,615	$6,070,250	+0.3%
Expenses	$4,322,118	$2,340,508	+0.8%
Net Income	$3,669,497	$3,729,742	0.0%

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
MARY AMSBAUGH	DIRECTOR	N/A	Director	$0	$0	$0
NANCY BARNES	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHERRY BECKER	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS BUSTA	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA CROWELL	DIRECTOR	N/A	Director	$0	$0	$0
LINDSEY FALK	DIRECTOR	N/A	Director	$0	$0	$0
BILL FELLER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID STEFFENS JR	DIRECTOR	N/A	Director	$0	$0	$0
TOM MANGAN	DIRECTOR	N/A	Director	$0	$0	$0
DEB MEADE	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE NETTLETON	DIRECTOR	N/A	Director	$0	$0	$0
KIRK PAULSON	DIRECTOR	N/A	Director	$0	$0	$0
BILL PAULUS	DIRECTOR	N/A	Director	$0	$0	$0
JOE POPP	DIRECTOR	N/A	Director	$0	$0	$0
SHANAN REDINGER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAMELA ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
PAUL ROTTINGHAUS	DIRECTOR	N/A	Director	$0	$0	$0
ROD SCHLADER	DIRECTOR	N/A	Director	$0	$0	$0
JEAN TORGESON	DIRECTOR	N/A	Director	$0	$0	$0
MINDY EASTMAN	SECRETARY/TR	N/A	Officer	$0	$0	$0
MOLLY KNOLL	DIR OF INST	N/A	Officer	$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	$7,991,615	$4,322,118	$48,635,661	$3,669,497
2023	$6,070,250	$2,340,508	$45,037,445	$3,729,742
2022	$-2,548,500	$3,905,828	$42,704,835	$-6,454,328
2021	$10,203,967	$2,450,646	$47,353,531	$7,753,321
2020	$5,324,206	$2,220,435	$39,527,941	$3,103,771
2019	$3,505,505	$1,999,719	$36,118,707	$1,505,786

NORTH IOWA AREA COMMUNITY COLLEGE FOUNDATION C/O MINDY EASTMAN