IOWA TURKEY FEDERATION INC

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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

2025-01-01 to 2025-12-31

IOWA TURKEY FEDERATION INC, founded in 1974, is a small nonprofit that reported $433K in total revenue in fiscal year 2025. Revenue fell 24% 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.

Program Service Accomplishments

Program 1

Expenses: $330,347 Revenue: $336,389

PROMOTE EDUCATIONAL WORK AND DEVELOP THE INTEREST OF THE TURKEY INDUSTRY FOR THE GENERAL BETTERMENT OF SUCH INDUSTRY. TO PROVIDE A MEANS OF COOPERATION WITH FEDERAL AND STATE GOVERNMENTS AND ALL...

PROMOTE EDUCATIONAL WORK AND DEVELOP THE INTEREST OF THE TURKEY INDUSTRY FOR THE GENERAL BETTERMENT OF SUCH INDUSTRY. TO PROVIDE A MEANS OF COOPERATION WITH FEDERAL AND STATE GOVERNMENTS AND ALL EDUCATIONAL INSTITUTIONS IN MATTERS OF GENERAL CONCERN OF THE 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $88,884

Program Service Revenue $314,485

Investment Income $7,139

Other Revenue $22,491

TOTAL REVENUE $432,999

Expense Breakdown

Grants Paid $14,609

Salaries & Benefits $223,281

Fundraising Expenses $0

Program Expenses $330,347

Other Expenses $202,573

TOTAL EXPENSES $440,463

Year-over-Year Comparison

	2025	2024	Change
Revenue	$432,999	$573,222	-0.2%
Expenses	$440,463	$589,072	-0.3%
Net Income	$-7,464	$-15,850	-0.5%

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

$115,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SLINGER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MOLINE	PAST-PRESIDENT	1.00	Director	$0	$0	$0
JOSH WEBER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ACHEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK KNUTE	DIRECTOR	1.00	Director	$0	$0	$0
AMBER NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JOE HEDDEN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN KIER	DIRECTOR	1.00	Director	$0	$0	$0
TYE RINNER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL SKARTVEDT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH LIESTMAN	DIRECTOR	1.00	Director	$0	$0	$0
GRETTA IRWIN	EXECUTIVE DIRECTOR	40.00	Officer	$109,231	$6,400	$115,631

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	$432,999	$440,463	$537,228	$-7,464
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