EMPOWER IOWA FUND

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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

AUDREY CORD

Phone

5153444128

Tax Period

2023-01-01 to 2023-12-31

EMPOWER IOWA FUND, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum.

Mission

EMPOWER IOWA FUND WORKS TO PROMOTE AND ADVOCATE FOR CONSERVATIVE FREE MARKET PRINCIPLES WITH THE CITIZENS OF IOWA.

Program Service Accomplishments

Program 1

Expenses: $222,381

EDUCATING THE CITIZENS OF IOWA ABOUT THE ISSUES AFFECTING THEM THROUGH GRASSROOTS LOBBYING, EDUCATIONAL CAMPAIGNS, AND ISSUE ADVOCACY. THE ORGANIZATION GENERATED MATERIALS FOR PUBLIC DISTRIBUTION...

EDUCATING THE CITIZENS OF IOWA ABOUT THE ISSUES AFFECTING THEM THROUGH GRASSROOTS LOBBYING, EDUCATIONAL CAMPAIGNS, AND ISSUE ADVOCACY. THE ORGANIZATION GENERATED MATERIALS FOR PUBLIC DISTRIBUTION, EDUCATED THE PUBLIC ON PUBLIC POLICY DEBATES, MADE THE CASE THROUGH LOCAL MEDIA FOR ENDING EXCESSIVE TAXES AND SPENDING PROGRAMS IN STATE AND LOCAL GOVERNMENT, AND PROMOTED THE USE OF ETHANOL AS A DOMESTIC FUEL THAT IS GOOD FOR THE ECONOMY AND ENHANCES OUR NATIONAL SECURITY.

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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 $220,109

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,381

Other Expenses $222,381

TOTAL EXPENSES $222,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,109	$93,500	+1.4%
Expenses	$222,381	$91,819	+1.4%
Net Income	$-2,272	$1,681	-2.4%

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

3000

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
AUDREY CORD	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
JILL HALVORSON	TREASURER/SECRETARY/DIRECTOR	1.00	Officer 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	No data	No data	No data	No data
2023	$220,109	$222,381	$1,876	$-2,272
2022	$93,500	$91,819	$4,148	$1,681
2021	$110,500	$110,866	$2,467	$-366
2020	$87,000	$93,213	$2,833	$-6,213
2019	$195,500	$189,108	$9,046	$6,392
2018	$530,308	$529,927	$2,654	$381