IOWA COLLEGE FOUNDATION (EIN 420745995) - 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

1952

Legal Domicile

Principal Officer

ED FINN

Phone

5152820473

Tax Period

2023-07-01 to 2024-06-30

IOWA COLLEGE FOUNDATION, founded in 1952, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Net assets of $8.1M represent 51 months of operating reserves.

Mission

SEE FORM 990, PART III, LINE 1

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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 $938,100

Program Service Revenue $665,800

Investment Income $288,760

Other Revenue $0

TOTAL REVENUE $1,892,660

Expense Breakdown

Grants Paid $1,302,643

Salaries & Benefits $505,992

Fundraising Expenses $255,910

Program Expenses $1,302,643

Other Expenses $174,433

TOTAL EXPENSES $1,983,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,892,660	$1,918,652	0.0%
Expenses	$1,983,068	$1,923,666	+0.0%
Net Income	$-90,408	$-5,014	+17.0%

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

Governance

Voting Members

Independent Members

Employees

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

$235,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT HALL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RACHELLE KECK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALBERT MOSELY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN WOGEN	TREASURER	1.00	Officer Director	$0	$0	$0
PETER VOORHEES	PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAMES COLLINS	MEMBER	1.00	Director	$0	$0	$0
MARK PUTNAM	MEMBER	1.00	Director	$0	$0	$0
JONATHAN BRAND	MEMBER	1.00	Director	$0	$0	$0
LINDSAY CHASE	MEMBER	1.00	Director	$0	$0	$0
NICK GERHART	MEMBER	1.00	Director	$0	$0	$0
JEFFREY BULLOCK	MEMBER	1.00	Director	$0	$0	$0
JEFF GRIBBEN	MEMBER	1.00	Director	$0	$0	$0
REBECCA NEIDUSKI	MEMBER	1.00	Director	$0	$0	$0
JOHN OTTOSSON	MEMBER	1.00	Director	$0	$0	$0
JAMES AIPPERSPACH	MEMBER	1.00	Director	$0	$0	$0
SUSAN HAACK	MEMBER	1.00	Director	$0	$0	$0
EARL MARTIN	MEMBER	1.00	Director	$0	$0	$0
TONY GOLOBIC	MEMBER	1.00	Director	$0	$0	$0
PATRICK JACOBSON-SCHULTE	MEMBER	1.00	Director	$0	$0	$0
JEFF HARTFIELD	MEMBER	1.00	Director	$0	$0	$0
GAGE KENT	MEMBER	1.00	Director	$0	$0	$0
ROB MCDONALD	MEMBER	1.00	Director	$0	$0	$0
JOHN SMITH	MEMBER	1.00	Director	$0	$0	$0
RANDY RAMLO	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE TERHARK	MEMBER	1.00	Director	$0	$0	$0
KIRK TYLER	MEMBER	1.00	Director	$0	$0	$0
STEVE DORENKAMP	MEMBER	1.00	Director	$0	$0	$0
MARTY FREDERICKS	MEMBER	1.00	Director	$0	$0	$0
MIKE GASSMAN	MEMBER	1.00	Director	$0	$0	$0
CHARLIE HARTIG	MEMBER	1.00	Director	$0	$0	$0
SEAN KENNEDY	MEMBER	1.00	Director	$0	$0	$0
CLARENCE HUDSON	MEMBER	1.00	Director	$0	$0	$0
JIM RUSSELL	MEMBER	1.00	Director	$0	$0	$0
BEN STEELE	MEMBER	1.00	Director	$0	$0	$0
CHARESE YANNEY	MEMBER	1.00	Director	$0	$0	$0
JUDY RALSTON-HANSEN	MEMBER	1.00	Director	$0	$0	$0
JENIFER WARD	MEMBER	1.00	Director	$0	$0	$0
CHRIS HYLAND	MEMBER	1.00	Director	$0	$0	$0
ANNE HARRIS	MEMBER	1.00	Director	$0	$0	$0
BRIAN LENZMEIER	MEMBER	1.00	Director	$0	$0	$0
DAVE PARGULSKI	MEMBER	1.00	Director	$0	$0	$0
CLAUDIA SCHABEL	MEMBER	1.00	Director	$0	$0	$0
JOHN STAVNES	MEMBER	1.00	Director	$0	$0	$0
DREW VOGEL	MEMBER	1.00	Director	$0	$0	$0
DAVID HAYES	MEMBER	1.00	Director	$0	$0	$0
ERIK HOEKSTRA	MEMBER	1.00	Director	$0	$0	$0
TODD OLSON	MEMBER	1.00	Director	$0	$0	$0
AMY NOVAK	MEMBER	1.00	Director	$0	$0	$0
GREGORY CHRISTY	MEMBER	1.00	Director	$0	$0	$0
MICHAEL HELAK	MEMBER	1.00	Director	$0	$0	$0
FLETCHER LAMKIN	MEMBER	1.00	Director	$0	$0	$0
PATRICIA DRAVES	MEMBER	1.00	Director	$0	$0	$0
JAY BEYERS	MEMBER	1.00	Director	$0	$0	$0
KATHY FRANKEN	MEMBER	1.00	Director	$0	$0	$0
ED FINN	PRESIDENT	1.00	Officer	$202,016	$33,439	$235,455

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	No data	No data	No data	No data
2024	$1,892,660	$1,983,068	$8,217,567	$-90,408
2023	$1,918,652	$1,923,666	$7,852,626	$-5,014
2022	$1,927,763	$1,952,821	$7,601,336	$-25,058
2021	$2,030,746	$1,889,781	$9,093,601	$140,965
2020	$2,359,233	$2,200,050	$7,577,710	$159,183
2019	$2,329,975	$2,430,797	$7,574,684	$-100,822
2018	$3,041,621	$2,451,405	$7,650,556	$590,216

IOWA COLLEGE FOUNDATION