NORTHWEST IOWA REGIONAL HOUSING TRU

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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

2010

Legal Domicile

Principal Officer

TED KOUROUSIS

Phone

7122627225

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST IOWA REGIONAL HOUSING TRU, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $288K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $531K exceeded revenue, resulting in a 84% operating deficit.

Mission

TO PROMOTE THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME PERSONS RESIDING WITHIN THE REGION.

Program Service Accomplishments

Program 1

Expenses: $504,188 Revenue: $6,747

PROVIDED FORGIVABLE AND REPAYABLE LOANS TO LOW AND MODERATE INCOME PERSONS IN THE SIX COUNTY REGION THROUGH A GRANT FROM THE IOWA FINANCE AUTHORITY AND LOCAL CAPITAL.

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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 $246,328

Program Service Revenue $6,747

Investment Income $35,393

Other Revenue $0

TOTAL REVENUE $288,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $504,188

Other Expenses $531,154

TOTAL EXPENSES $531,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,468	$485,198	-0.4%
Expenses	$531,154	$284,198	+0.9%
Net Income	$-242,686	$201,000	-2.2%

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

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
CAL CLEVERINGA	DIRECTOR	0.50	Director	$0	$0	$0
KATHY CROKER	DIRECTOR	0.50	Director	$0	$0	$0
COURTNEY DELOSS	DIRECTOR	0.50	Director	$0	$0	$0
JOSH EARLL	DIRECTOR	0.50	Director	$0	$0	$0
TIM FAIRCHILD	DIRECTOR	0.50	Director	$0	$0	$0
ROGER FAULSTICK	DIRECTOR	0.50	Director	$0	$0	$0
DAN FRIEDRICHSEN	DIRECTOR	0.50	Director	$0	$0	$0
JERRY HELMERS	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG HOFTYZER	DIRECTOR	0.50	Director	$0	$0	$0
WENDY HUISMAN	DIRECTOR	0.50	Director	$0	$0	$0
STEVE JIMMERSON	DIRECTOR	0.50	Director	$0	$0	$0
TED KOUROUSIS	DIRECTOR	0.50	Director	$0	$0	$0
JEFF QUASTAD	DIRECTOR	0.50	Director	$0	$0	$0
GRETCHEN REICHTER	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS SCHOLTEN	DIRECTOR	0.50	Director	$0	$0	$0
TJ THAYER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE TIDEMANN	DIRECTOR	0.50	Director	$0	$0	$0
PAM VIRELLI	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN WESTERMAN	SECRETARY	0.50	Director	$0	$0	$0
STACEY ZIMMER	DIRECTOR	0.50	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
2025	$288,468	$531,154	$1,964,125	$-242,686
2024	$485,198	$284,198	$2,207,421	$201,000
2023	$403,205	$269,731	$2,002,451	$133,474
2022	$322,091	$281,454	$1,910,368	$40,637
2021	$452,975	$263,598	$1,871,780	$189,377
2020	$339,378	$221,614	$1,673,583	$117,764
2019	$383,592	$202,086	$1,557,359	$181,506
2018	$218,528	$223,573	$1,372,956	$-5,045