IOWA TURKEY FEDERATION INC (EIN 420815721) - 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

1974

Legal Domicile

Principal Officer

GRETTA IRWIN

Phone

5152327492

Tax Period

2023-01-01 to 2023-12-31

IOWA TURKEY FEDERATION INC, founded in 1974, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE IOWA TURKEY FEDERATION REPRESENTS, SUPPORTS, AND PROMOTES THE TURKEY INDUSTRY AND ITS MEMBERS. THE FEDERATION COORDINATES AND ORGANIZES EDUCATIONAL AND PROMOTIONAL ACTIVITIES FOR THE TURKEY INDUSTRY BETWEEN THEIR MEMBERS AS WELL AS THE INDUSTRY'S RELATIONSHIP WITH THE GENERAL PUBLIC, GOVERNMENTAL AND EDUCATIONAL ENTITIES.

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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 $67,149

Program Service Revenue $271,205

Investment Income $8,446

Other Revenue $29,634

TOTAL REVENUE $376,434

Expense Breakdown

Grants Paid $20,800

Salaries & Benefits $188,986

Fundraising Expenses $0

Program Expenses $298,484

Other Expenses $188,193

TOTAL EXPENSES $397,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,434	$483,687	-0.2%
Expenses	$397,979	$484,583	-0.2%
Net Income	$-21,545	$-896	+23.0%

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

$106,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SLINGER	PAST-PRESIDENT	1.00	Director	$0	$0	$0
BRAD MOLINE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN SCHABLE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ACHEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BERG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TANNER EVANS	DIRECTOR	1.00	Director	$0	$0	$0
NICK KNUTE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN RONZHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
JOE HEDDEN	DIRECTOR	1.00	Director	$0	$0	$0
JAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TYE RINNER	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN KIER	DIRECTOR	1.00	Director	$0	$0	$0
GRETTA IRWIN	EXECUTIVE DIRECTOR	40.00	Officer	$101,000	$5,900	$106,900

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	No data	No data	No data	No data
2023	$376,434	$397,979	$532,956	$-21,545
2022	$483,687	$484,583	$540,216	$-896
2021	$495,294	$504,643	$546,913	$-9,349
2020	$339,137	$322,380	$546,654	$16,757
2019	$308,233	$319,610	$551,174	$-11,377
2018	$335,017	$346,442	$548,455	$-11,425

IOWA TURKEY FEDERATION INC