IOWA LIMESTONE PRODUCERS ASSOCIATION INC

EIN: 420633191

URBANDALE, IA

Total Revenue
$571,195
Total Expenses
$643,638
Total Assets
$283,059
Net Assets
$249,827
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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
1945
Legal Domicile
IA
Principal Officer
RANDY OLSON
Phone
5152628668
Tax Period
2022-07-01 to 2023-06-30

IOWA LIMESTONE PRODUCERS ASSOCIATION INC, founded in 1945, is a small nonprofit that reported $571K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $644K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTING AND ADVANCING THE GENERAL WELFARE OF THE CRUSHED LIMESTONE INDUSTRY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $14,500
Program Service Revenue $542,136
Investment Income $1,063
Other Revenue $13,496
TOTAL REVENUE $571,195

Expense Breakdown

Grants Paid $16,000
Salaries & Benefits $237,736
Fundraising Expenses $0
Other Expenses $389,902
TOTAL EXPENSES $643,638

Year-over-Year Comparison

2022 2021 Change
Revenue $571,195 $474,084 +0.2%
Expenses $643,638 $483,146 +0.3%
Net Income $-72,443 $-9,062 +7.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
120

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
4
$124,771
Total Directors
16
$124,771
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY OLSON EXECUTIVE DI 45.00
Officer Director
$119,007 $5,764 $124,771
ROB MANATT DIRECTOR 0.30
Director
$0 $0 $0
BRIAN DOCKERY DIRECTOR 0.30
Director
$0 $0 $0
MIKE BUSH DIRECTOR 0.30
Director
$0 $0 $0
SHAWN KRIVACHEK DIRECTOR 0.30
Director
$0 $0 $0
CHUCK MANSON DIRECTOR 0.30
Director
$0 $0 $0
ERIK AMUNSON DIRECTOR 0.30
Director
$0 $0 $0
BEN SCHMIDTLEIN DIRECTOR 0.30
Director
$0 $0 $0
BRAD HELMERSON DIRECTOR 0.30
Director
$0 $0 $0
LINDSEY FALK LEFT FEBRUARY 2023 DIRECTOR 0.30
Director
$0 $0 $0
TERRY WINN LEFT FEBRUARY 2023 DIRECTOR 0.30
Director
$0 $0 $0
DAN JAYNES LEFT FEBRUARY 2023 DIRECTOR 0.30
Director
$0 $0 $0
TIM BAIER LEFT MAY 2023 DIRECTOR 0.30
Director
$0 $0 $0
TODD CLOCK PRESIDENT 0.30
Officer Director
$0 $0 $0
GARY RANKIN PRESIDENT EL 0.30
Officer Director
$0 $0 $0
KYLE TIMMER PAST PRESIDE 0.30
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
2023 $571,195 $643,638 $283,059 $-72,443
2022 $474,084 $483,146 $339,270 $-9,062
2021 $394,832 $340,504 $346,332 $54,328
2020 $517,905 $486,615 $287,655 $31,290
2019 $427,995 $406,562 $255,190 $21,433
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