IOWA STATE POLICE ASSOCIATION (EIN 420934609) - 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

1991

Legal Domicile

Principal Officer

DAVID MCFARLAND

Phone

5152995320

Tax Period

2024-09-01 to 2025-08-31

IOWA STATE POLICE ASSOCIATION, founded in 1991, is a small nonprofit that reported $353K in total revenue in fiscal year 2024. The organization ran a surplus of $123K, a strong 35% operating margin.

Mission

THE IOWA STATE POLICE ASSOCIATION IS A MEMBERSHIP ASSOCIATION FORMED FOR PROMOTING AND ADVANCING THE GENERAL WELFARE OF LAW ENFORCEMENT.

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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 $152,863

Program Service Revenue $21,318

Investment Income $175,162

Other Revenue $3,971

TOTAL REVENUE $353,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,878

Fundraising Expenses $0

Program Expenses $208,531

Other Expenses $159,094

TOTAL EXPENSES $229,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,314	$328,902	+0.1%
Expenses	$229,972	$240,816	0.0%
Net Income	$123,342	$88,086	+0.4%

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

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MULLEN	DIRECTOR	5.00	Director	$0	$0	$0
JUDY KELLEN	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
FRED LEPLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON FEAKER	VICE PRESIDNET	5.00	Officer Director	$0	$0	$0
CAITLIN CARLYLE	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID MCFARLAND	SECRETARY TREAS	24.00	Officer Director	$24,000	$0	$24,000
GAVIN CARMAN	DIRECTOR	5.00	Director	$0	$0	$0
RYAN ANDERSON	DIRECTOR	5.00	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	$353,314	$229,972	$2,122,437	$123,342
2024	$328,902	$240,816	$2,012,018	$88,086
2023	$212,654	$261,853	$1,840,641	$-49,199
2022	$249,969	$211,244	$1,865,357	$38,725
2021	$231,319	$213,366	$2,156,092	$17,953
2020	$244,164	$207,364	$1,916,995	$36,800
2019	$251,530	$251,525	$1,859,910	$5

IOWA STATE POLICE ASSOCIATION