Eastern Iowa Arts Academy (EIN 260557542) - 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

2007

Legal Domicile

Principal Officer

Heather Wagner

Phone

3193501805

Tax Period

2024-09-01 to 2025-08-31

Eastern Iowa Arts Academy, founded in 2007, is a small nonprofit in the Education sector that reported $749K in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $312K, a strong 42% operating margin.

Mission

Nonprofit arts and music organization for students of all ages.

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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 $602,957

Program Service Revenue $107,817

Investment Income $884

Other Revenue $37,569

TOTAL REVENUE $749,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,609

Fundraising Expenses $0

Program Expenses $306,965

Other Expenses $211,676

TOTAL EXPENSES $437,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$749,227	$316,589	+1.4%
Expenses	$437,285	$347,276	+0.3%
Net Income	$311,942	$-30,687	-11.2%

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

120

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

$65,137

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Wagner	Executive Dir.	40.00	Director	$65,137	$0	$65,137
Isaiah Pirtle	Treasurer	5.00	Officer	$0	$0	$0
Alexandra Harder	President	5.00	Officer	$0	$0	$0
Lauren Grask	Secretary	5.00	Officer	$0	$0	$0
Shawnacy Kiker Perez	Vice President	5.00	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	$749,227	$437,285	$685,041	$311,942
2024	$316,589	$347,276	$357,073	$-30,687
2023	$349,109	$384,674	$282,967	$-35,565
2022	$354,206	$357,211	$341,430	$-3,005
2021	$327,072	$316,296	$372,604	$10,776
2020	$339,661	$338,948	$343,282	$713

Eastern Iowa Arts Academy