Iowa Legal Aid (EIN 421079227) - 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

Phone

5152432151

Tax Period

2023-01-01 to 2023-12-31

Iowa Legal Aid, founded in 1977, is a mid-sized nonprofit in the Crime & Legal sector that reported $15.8M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $13.5M left a modest 15% surplus.

Mission

TO PROVIDE CRITICAL LEGAL ASSISTANCE TO LOW-INCOME AND VULNERABLE IOWANS, PROTECTING THEIR FUNDAMENTAL RIGHTS.

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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 $15,720,660

Program Service Revenue $0

Investment Income $99,166

Other Revenue $16,366

TOTAL REVENUE $15,836,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,268,917

Fundraising Expenses $538,388

Program Expenses $11,633,587

Other Expenses $2,261,074

TOTAL EXPENSES $13,529,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,836,192	$11,242,929	+0.4%
Expenses	$13,529,991	$12,855,652	+0.1%
Net Income	$2,306,201	$-1,612,723	-2.4%

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

204

Volunteers

276

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

$317,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY	1.5	Officer Director	$0	$0	$0
N/A	PRESIDENT	1.5	Officer Director	$0	$0	$0
N/A	TREASURER	1.5	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	1.5	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	EX-OFFICIO DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CFO	40.0	Officer	$106,234	$32,655	$138,889
N/A	EXECUTIVE DIRECTOR	46.0	Officer	$140,600	$38,201	$178,801
N/A	LITIGATION DIRECTOR	45.0	Highest	$101,890	$17,389	$119,279
N/A	DEPUTY	40.0	Highest	$117,009	$8,132	$125,141
N/A	REGIONAL MANAGER	40.0	Highest	$101,555	$7,040	$108,595

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	$15,836,192	$13,529,991	$19,933,050	$2,306,201
2022	$11,242,929	$12,855,652	$17,097,635	$-1,612,723
2021	$13,573,795	$11,714,399	$14,580,759	$1,859,396
2020	$12,176,946	$10,981,321	$13,421,867	$1,195,625
2019	$11,758,491	$10,350,964	$11,688,387	$1,407,527
2018	$9,086,668	$9,488,524	$8,836,973	$-401,856

Iowa Legal Aid