SPENCER INDUSTRIES FOUNDATION INC (EIN 420889788) - 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

1975

Legal Domicile

Phone

7122643474

Tax Period

2024-10-01 to 2025-09-30

SPENCER INDUSTRIES FOUNDATION INC, founded in 1975, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 57% operating margin.

Mission

To further the economic development of Spencer, Iowa, and surrounding areas.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,742,428

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $2,742,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,166,745

Other Expenses $1,166,746

TOTAL EXPENSES $1,166,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,742,434	N/A	N/A
Expenses	$1,166,746	N/A	N/A
Net Income	$1,575,688	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP RAMSTACK	President	1.00	Director	$0	$0	$0
CLARK CUNNINGHAM	Director	1.00	Director	$0	$0	$0
KENT NELSON	Director	1.00	Director	$0	$0	$0
MIKE BRYAN	Director	1.00	Director	$0	$0	$0
JASON WARREN	Vice President	1.00	Director	$0	$0	$0
LOREN REIT	Director	1.00	Director	$0	$0	$0
JAMIE STORY	Director	1.00	Director	$0	$0	$0
KEVIN ROBINSON	Director	1.00	Director	$0	$0	$0
STEVEN PICK	Director	1.00	Director	$0	$0	$0
CURT STROUTH	Director	1.00	Director	$0	$0	$0
RYAN JOHNSON	Director	1.00	Director	$0	$0	$0
RANDY SWANSON	Director	1.00	Director	$0	$0	$0
KERRY SELF	Director	1.00	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
2025	$2,742,434	$1,166,746	$1,876,741	$1,575,688
2022	$344,811	$231,964	$528,977	$112,847
2021	$392,053	$181,264	$599,463	$210,789
2019	$474,286	$527,640	$484,258	$-53,354
2018	$224,771	$280,033	$1,382,510	$-55,262

SPENCER INDUSTRIES FOUNDATION INC