Iowa Measurement Research Foundation

EIN: 420791544 501(c)(3)

Iowa City, IA

Total Revenue
$1,044,756
Total Expenses
$1,623,264
Total Assets
$29,341,321
Net Assets
$29,341,321
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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
1953
Legal Domicile
IA
Phone
3193355406
Tax Period
2023-07-01 to 2024-06-30

Iowa Measurement Research Foundation, founded in 1953, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

To advance, develop, increase and extend knowledge in the field of testing and measurement through grants and payments from the Foundation to the State University of Iowa's College of Education.

Program Service Accomplishments

Program 1
Expenses: $1,586,642

The Foundation made distributions totaling $1,194,252 to the College of Education for the year ended June 30, 2024. The foundation also made distributions totaling $200,000 to the University of Iowa...

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The Foundation made distributions totaling $1,194,252 to the College of Education for the year ended June 30, 2024. The foundation also made distributions totaling $200,000 to the University of Iowa Center of Advancement (f/k/a State University of Iowa Foundation) to remodel the Lindquist Center which is the location of the College of Education. The Center of Advancement serves as the University's primary fundraising organization.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,044,756
Other Revenue $0
TOTAL REVENUE $1,044,756

Expense Breakdown

Grants Paid $1,394,252
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,586,642
Other Expenses $229,012
TOTAL EXPENSES $1,623,264

Year-over-Year Comparison

2023 2022 Change
Revenue $1,044,756 $592,404 +0.8%
Expenses $1,623,264 $1,550,057 +0.0%
Net Income $-578,508 $-957,653 -0.4%
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
13
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$417,081
Total Directors
13
$2,925,764
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice President 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer Director
$0 $59,014 $417,081
N/A President & Secretary 0.5
Officer Director
$0 $0 $0
N/A Director 0.2
Director
$0 $43,412 $272,647
N/A Director 0.2
Director
$0 $58,545 $406,078
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.2
Director
$0 $37,052 $176,061
N/A Director 0.2
Director
$0 $51,899 $455,550
N/A Director 0.2
Director
$0 $48,490 $305,486
N/A Director 0.2
Director
$0 $65,672 $600,960
N/A Director 0.2
Director
$0 $2,600 $28,600
N/A Director N/A
Director
$0 $0 $0
N/A Director 0.2
Director
$0 $31,692 $263,301
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 $1,044,756 $1,623,264 $29,341,321 $-578,508
2023 $592,404 $1,550,057 $28,680,555 $-957,653
2022 $823,445 $1,358,355 $28,494,059 $-534,910
2021 $772,901 $1,463,920 $29,550,316 $-691,019
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