MID-IOWA WORKSHOPS INC (EIN 420923880) - 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

1966

Legal Domicile

Principal Officer

CODY BECKHAM

Phone

6417523697

Tax Period

2024-07-01 to 2025-06-30

MID-IOWA WORKSHOPS INC, founded in 1966, is a small nonprofit in the Employment sector that reported $952K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $830K left a modest 13% surplus.

Mission

TO PROVIDE EMPLOYMENT FOR THE DISABLED

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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 $120,495

Program Service Revenue $413,960

Investment Income $24,198

Other Revenue $393,387

TOTAL REVENUE $952,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,595

Fundraising Expenses $0

Program Expenses $369,968

Other Expenses $175,006

TOTAL EXPENSES $829,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,040	$656,549	+0.5%
Expenses	$829,601	$763,635	+0.1%
Net Income	$122,439	$-107,086	-2.1%

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

$202,592

Total Directors

$54,304

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CODY BECKHAM	FULL-YEAR PRESIDENT/CEO	40.00	Officer Director	$49,712	$4,592	$54,304
KATHY MCCUNE	CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS GABRIEL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ZITA CASHIN	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD INGLEDUE	TREASURER	0.50	Officer Director	$0	$0	$0
ARDELIS MILLER	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
DIANNE BURNS	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN BROWN	DIRECTOR	0.50	Director	$0	$0	$0
KAREN PHOMVISAY	DIRECTOR	0.50	Director	$0	$0	$0
JACK ALLEN	PART-YEAR PRESIDENT/CEO	40.00	Officer	$117,941	$30,347	$148,288

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	$952,040	$829,601	$2,603,304	$122,439
2024	$656,549	$763,635	$2,578,177	$-107,086
2023	$793,059	$845,087	$2,734,296	$-52,028
2022	$1,324,683	$850,529	$2,802,740	$474,154
2021	$1,145,284	$871,640	$2,544,097	$273,644
2020	$751,736	$841,380	$2,277,902	$-89,644
2019	$778,981	$845,094	$2,025,764	$-66,113
2019	$778,981	$845,094	$2,025,764	$-66,113

MID-IOWA WORKSHOPS INC