NEWMAN CATHOLIC SCHOOL SYSTEM FOUND

EIN: 421078829 501(c)(3)

MASON CITY, IA

Total Revenue
$1,475,594
Total Expenses
$798,641
Total Assets
$27,582,926
Net Assets
$27,548,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
IA
Principal Officer
ANDY MEYER
Phone
6414236638
Tax Period
2024-07-01 to 2025-06-30

NEWMAN CATHOLIC SCHOOL SYSTEM FOUND, founded in 1977, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $677K, a strong 46% operating margin.

Mission

TO SUPPORT AND PROMOTE NEWMAN CATHOLIC SCHOOL'S MISSION OF EDUCATING STUDENTS IN THE CATHOLIC TRADITION TO LIVE AS CHRIST.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $383,233
Program Service Revenue $0
Investment Income $899,189
Other Revenue $193,172
TOTAL REVENUE $1,475,594

Expense Breakdown

Grants Paid $650,651
Salaries & Benefits $67,468
Fundraising Expenses $84,994
Program Expenses $650,651
Other Expenses $80,522
TOTAL EXPENSES $798,641

Year-over-Year Comparison

2024 2023 Change
Revenue $1,475,594 $2,930,455 -0.5%
Expenses $798,641 $1,043,311 -0.2%
Net Income $676,953 $1,887,144 -0.6%
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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
300

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
6
$52,500
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA SCHMITT EXECUTIVE DI 40.00
Officer
$52,500 $0 $52,500
MIKE ANDEREGG DIRECTOR 1.00
Director
$0 $0 $0
MATT BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
MIKE CASTLE TREASURER 1.00
Officer Director
$0 $0 $0
ANGELA DETERMAN DIRECTOR 1.00
Officer Director
$0 $0 $0
JARED DOERFLER NON-VOTING M 1.00
Director
$0 $0 $0
JASON GEVING DIRECTOR 1.00
Director
$0 $0 $0
ANDREA HANIG NON-VOTING M 1.00
Director
$0 $0 $0
TAMMY HRUBETZ SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
SHANNON KROPP DIRECTOR 1.00
Director
$0 $0 $0
REV NEIL MANTERNACH DIRECTOR 1.00
Director
$0 $0 $0
DAN MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
ANDY MEYER PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVE O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
JON PREBECK VICE CHAIR 1.00
Officer Director
$0 $0 $0
REV MSGR THOMAS TOALE DIRECTOR N/A
Director
$0 $0 $0
ARCHBISHOP THOMAS ZINKULA DIRECTOR N/A
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 $1,475,594 $798,641 $27,582,926 $676,953
2024 No data No data No data No data
2023 $2,658,215 $1,682,346 $21,895,362 $975,869
2022 $5,093,794 $1,715,540 $19,812,428 $3,378,254
2021 $878,512 $864,764 $19,588,665 $13,748
2020 $805,713 $1,001,635 $15,939,144 $-195,922
2019 $939,436 $1,066,427 $16,153,053 $-126,991
2018 $1,217,513 $1,045,869 $15,680,225 $171,644
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