IOWA CHIROPRACTIC SOCIETY INC (EIN 420889897) - 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

1977

Legal Domicile

Principal Officer

CARL LINGEN

Phone

5158672800

Tax Period

2023-01-01 to 2023-12-31

IOWA CHIROPRACTIC SOCIETY INC, founded in 1977, is a small nonprofit that reported $568K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $500K left a modest 12% surplus.

Mission

PROMOTION AND ADVANCEMENT OF CHIROPRACTIC HEALTH CARE AND EDUCATION

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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 $72,972

Program Service Revenue $486,443

Investment Income $8,154

Other Revenue $0

TOTAL REVENUE $567,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $500,396

TOTAL EXPENSES $500,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,569	$495,530	+0.1%
Expenses	$500,396	$491,230	+0.0%
Net Income	$67,173	$4,300	+14.6%

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

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
DR REX JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR CHRISTOPHER REIL	DIRECTOR	1.00	Director	$0	$0	$0
DR MATTHEW MEYER	DIRECTOR	1.00	Director	$0	$0	$0
DR LUCAS NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR NASH STOPKO	DIRECTOR	1.00	Director	$0	$0	$0
DR MIKE KENKEL	DIRECTOR	1.00	Director	$0	$0	$0
DR MIKE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DR JAKE DUEHN	DIRECTOR	1.00	Director	$0	$0	$0
DR NICK DUGGER	DIRECTOR	1.00	Director	$0	$0	$0
DR DOUG OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
DR RON BOESCH LEFT APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
DR CHRIS LORANG LEFT APRIL 2023	DIRECTOR	4.00	Director	$0	$0	$0
DR LAURA REHMER LEFT APRIL 2023	DIRECTOR	3.00	Director	$0	$0	$0
DR MICHAEL HAHN	PRESIDENT	4.00	Officer Director	$0	$0	$0
DR DANIEL KENNEDY	PRESIDENT-EL	3.00	Officer Director	$0	$0	$0
DR STEVE KRAUS	1ST VICE PRE	3.00	Officer Director	$0	$0	$0
DR SEAN DELAHUNT	2ND VICE PRE	3.00	Officer Director	$0	$0	$0
DR TIMOTHY FORDYCE	SECRETARY	4.00	Officer Director	$0	$0	$0
DR LEE MALMSTROM	PAST PRESIDE	3.00	Officer Director	$0	$0	$0
CARL LINGEN	EXECUTIVE DI	30.00	Officer	$0	$0	$0
VIKI STODDEN	FINANCE DIRE	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$567,569	$500,396	$477,277	$67,173
2022	$495,530	$491,230	$406,732	$4,300
2021	$492,699	$411,329	$427,627	$81,370
2020	$469,865	$384,396	$378,782	$85,469
2019	$413,136	$499,885	$277,431	$-86,749

IOWA CHIROPRACTIC SOCIETY INC