IOWA FOUNDATION FOR MICROENTERPRISE AND COMMUNITY VITALITY (EIN 262238918) - 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

2008

Legal Domicile

Principal Officer

JEFFREY WILLIAMS

Phone

5152120182

Tax Period

2024-01-01 to 2024-12-31

IOWA FOUNDATION FOR MICROENTERPRISE AND COMMUNITY VITALITY, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 165% operating deficit.

Mission

TO PROVIDE FUNDING FOR MICROBUSINESSES THAT ARE CONSIDERED ON THE FRINGE OF RISK-BEARING CAPACITY FOR MOST TRADITIONAL FINANCIAL INSTITUTIONS.

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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 $28,815

Program Service Revenue $12,292

Investment Income $47,996

Other Revenue $0

TOTAL REVENUE $89,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,741

Other Expenses $236,136

TOTAL EXPENSES $236,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,103	$390,995	-0.8%
Expenses	$236,136	$354,799	-0.3%
Net Income	$-147,033	$36,196	-5.1%

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
CLARENCE MCGREGOR	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
JEFF WALLER	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JAKE ANDERSON	SECRETARY	4.00	Officer Director	$0	$0	$0
CHANIN LARSON	DIRECTOR	2.00	Director	$0	$0	$0
DAVE HAGEN	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN NYSTROM	DIRECTOR	2.00	Director	$0	$0	$0
JAMES PATTON	DIRECTOR	2.00	Director	$0	$0	$0
KEN BEEKLEY	DIRECTOR	2.00	Director	$0	$0	$0
MARIO VAN DIJK	DIRECTOR	2.00	Director	$0	$0	$0
MARK EDELMAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
TERRY VORBRICH	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY WILLIAMS	PRESIDENT	40.00	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
2024	$89,103	$236,136	$1,617,565	$-147,033
2023	$390,995	$354,799	$1,620,299	$36,196
2022	$551,415	$339,895	$1,445,760	$211,520
2021	$364,658	$371,050	$1,156,763	$-6,392
2021	$452,526	$371,050	$1,244,631	$81,476
2020	$280,060	$226,407	$989,099	$53,653
2019	$351,398	$291,713	$750,386	$59,685
2018	$217,577	$282,606	$819,326	$-65,029

IOWA FOUNDATION FOR MICROENTERPRISE AND COMMUNITY VITALITY