IOWA STATE FAIRGROUNDS TR (EIN 376570972) - 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

2012

Legal Domicile

Principal Officer

Peter Cownie

Phone

5152623111

Tax Period

2023-11-01 to 2024-10-31

IOWA STATE FAIRGROUNDS TR, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $203K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $191K, a strong 94% operating margin.

Mission

An endowment trust to be used exclusively for the maintenance and improvement of the Iowa State Fairgrounds

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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 $170,083

Program Service Revenue $0

Investment Income $32,865

Other Revenue $0

TOTAL REVENUE $202,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,827

TOTAL EXPENSES $11,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,948	$227,455	-0.1%
Expenses	$11,827	$9,669	+0.2%
Net Income	$191,121	$217,786	-0.1%

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

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	Role	Reportable Comp	Other Comp	Total
VerDon Schmidt	Director	Director	$0	$0	$0
Alan Brown	Director	Director	$0	$0	$0
Gary McConnell	Director	Director	$0	$0	$0
John Harms	Director	Director	$0	$0	$0
Deb Zumbach	Treasurer	Officer Director	$0	$0	$0
Randy Brown	Director	Director	$0	$0	$0
Jo Reynolds	Director	Director	$0	$0	$0
CW Thomas	Director	Director	$0	$0	$0
Gary Van Aernam	Director	Director	$0	$0	$0
Kim Reynolds	Governor	Director	$0	$0	$0
Michael Naig	Secretary of Agriculture	Director	$0	$0	$0
Wendy Wintersteen	President of Iowa State University	Director	$0	$0	$0
Peter Cownie	Executive Director	Director	$0	$0	$0
Tennie Carlson	Director	Director	$0	$0	$0
Darwin Gaudian	President	Officer Director	$0	$0	$0
Curtis Claeys	Vice President	Officer Director	$0	$0	$0
Jeremy Parsons	Secretary	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	$202,948	$11,827	$2,054,902	$191,121
2023	$227,455	$9,669	$1,598,895	$217,786
2022	$202,852	$9,131	$1,381,562	$193,721
2021	$196,158	$8,742	$1,578,462	$187,416

IOWA STATE FAIRGROUNDS TR