Friends of Garrigan High School Inc

EIN: 237362367 501(c)(3) Education

Algona, IA

Total Revenue
$1,672,567
Total Expenses
$424,202
Total Assets
$8,005,678
Net Assets
$7,798,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IA
Principal Officer
Christy Peterson
Phone
5152953521
Tax Period
2023-07-01 to 2024-06-30

Friends of Garrigan High School Inc, founded in 1974, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 75% operating margin.

Mission

To support the education provided by Bishop Garrigan schools.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $410,277
Program Service Revenue $102,815
Investment Income $858,935
Other Revenue $300,540
TOTAL REVENUE $1,672,567

Expense Breakdown

Grants Paid $10,372
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $376,342
Other Expenses $413,830
TOTAL EXPENSES $424,202

Year-over-Year Comparison

2023 2022 Change
Revenue $1,672,567 $1,487,021 +0.1%
Expenses $424,202 $1,114,249 -0.6%
Net Income $1,248,365 $372,772 +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

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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christy Peterson President & CEO 0.00
Officer Director
$0 $0 $0
Chris Capesius Director 0.00
Director
$0 $0 $0
Larry Besch Director 0.00
Director
$0 $0 $0
Chuck Reding Director 0.00
Director
$0 $0 $0
Tom Eischen Director 0.00
Director
$0 $0 $0
Vern Lee Reding Director 0.00
Director
$0 $0 $0
Alison Rosenmeyer Development Dir 0.00
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
2025 No data No data No data No data
2024 $1,672,567 $424,202 $8,005,678 $1,248,365
2023 $1,487,021 $1,114,249 $6,961,880 $372,772
2022 $1,183,253 $645,098 $6,589,108 $538,155
2021 $923,426 $307,006 $6,920,386 $616,420
2020 $1,190,611 $1,264,254 $4,996,971 $-73,643
2019 $1,125,271 $1,040,015 $5,070,614 $85,256
2018 $1,990,031 $929,681 $4,985,361 $1,060,350
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