IOWA BARN FOUNDATION (EIN 391899210) - 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

1997

Legal Domicile

Principal Officer

Andrea Corcoran

Phone

5152253307

Tax Period

2019-01-01 to 2019-12-31

IOWA BARN FOUNDATION, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $117K in total revenue in fiscal year 2019. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $279K exceeded revenue, resulting in a 138% operating deficit.

Mission

Historic preservation of barns

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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 (2019)

Revenue Breakdown

Contributions & Grants $107,599

Program Service Revenue $8,659

Investment Income $1,224

Other Revenue $0

TOTAL REVENUE $117,482

Expense Breakdown

Grants Paid $247,056

Salaries & Benefits $6,466

Fundraising Expenses $2,130

Program Expenses $271,795

Other Expenses $25,610

TOTAL EXPENSES $279,132

Year-over-Year Comparison

	2019	2018	Change
Revenue	$117,482	$106,867	+0.1%
Expenses	$279,132	$119,689	+1.3%
Net Income	$-161,650	$-12,822	+11.6%

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

Volunteers

150

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
Dan Witt	Director	1	Director	$0	$0	$0
Paul Kruse	Director	1	Director	$0	$0	$0
Tom Lawler	Director	4	Director	$0	$0	$0
Don Geiger	Director, Treasurer	8	Officer Director	$0	$0	$0
Andrea Corcoran	Director, President	20	Officer Director	$0	$0	$0
Mary Dunea	Director	1	Director	$0	$0	$0
Jeff Fitz-Randolph	Director	8	Director	$0	$0	$0
Erin Herbol-Swalwell	Director	4	Director	$0	$0	$0
Tom Hertz	Dirctor	2	Director	$0	$0	$0
Dwight Hughes	Director	1	Director	$0	$0	$0
Carrie Jones	Director	1	Director	$0	$0	$0
Steve Lawler	Directr	1	Director	$0	$0	$0
Kurt Meyer	Director	2	Director	$0	$0	$0
Craig Pfantz	Director	2	Director	$0	$0	$0
Carole Reichardt	Director	1	Director	$0	$0	$0
Roy Reiman	Director	1	Director	$0	$0	$0
Jacqueline Schmeal	Director	20	Director	$0	$0	$0
Steve Sukup	Director	1	Director	$0	$0	$0
Darrell Sunderman	Director	1	Director	$0	$0	$0
Kelly Tobin	Director	2	Director	$0	$0	$0
Roxanne Mehlisch	Director, Vice-President	20	Officer Director	$0	$0	$0
Mollie Aronowitz	Director	1	Director	$0	$0	$0
Jack Smith	Director	2	Director	$0	$0	$0
Eric Lyon	Director	1	Director	$0	$0	$0
Ober Anderson	Director, Secretary	6	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
2019	$117,482	$279,132	$465,724	$-161,650
2018	$106,867	$119,689	$539,661	$-12,822

IOWA BARN FOUNDATION