IOWA AGRICULTURE WATER ALLIANCE (EIN 320440113) - 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

2014

Legal Domicile

Principal Officer

KIRK LEEDS

Phone

5152518640

Tax Period

2024-10-01 to 2025-09-30

IOWA AGRICULTURE WATER ALLIANCE, founded in 2014, is a community nonprofit in the Environment sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $3.2M left a modest 7% surplus.

Mission

TO INCREASE THE PACE AND SCALE OF FARMER-LED EFFORTS TO IMPROVE WATER QUALITY IN IOWA.

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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 $3,333,139

Program Service Revenue $30,224

Investment Income $26,582

Other Revenue $6,750

TOTAL REVENUE $3,396,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $100,761

Program Expenses $2,784,732

Other Expenses $3,173,528

TOTAL EXPENSES $3,173,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,396,695	$3,948,064	-0.1%
Expenses	$3,173,528	$3,764,382	-0.2%
Net Income	$223,167	$183,682	+0.2%

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

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
KIRK LEEDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAT MCGONEGLE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CRAIG FLOSS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JEFF LUCAS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
STEVE MCGINNIS	TOP FINANCIAL OFFICER	1.00	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	$3,396,695	$3,173,528	$2,713,835	$223,167
2024	$3,948,064	$3,764,382	$2,715,968	$183,682
2023	$2,826,782	$2,706,280	$1,916,088	$120,502
2022	$1,465,048	$1,232,013	$1,276,775	$233,035
2021	$1,054,159	$1,044,513	$1,000,817	$9,646
2020	$1,294,510	$1,135,780	$968,197	$158,730
2019	$1,028,387	$1,152,453	$874,321	$-124,066
2018	$1,128,485	$1,281,076	$1,009,150	$-152,591

IOWA AGRICULTURE WATER ALLIANCE