IOWANS FOR TAX RELIEF (EIN 421105304) - 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

1978

Legal Domicile

Principal Officer

CHRISTOPHER HAGENOW

Phone

5632883600

Tax Period

2024-01-01 to 2024-12-31

IOWANS FOR TAX RELIEF, founded in 1978, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $421K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROMOTE SOCIAL WELFARE BY EDUCATING THE PUBLIC AND LOBBYING.

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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 $736

Program Service Revenue $0

Investment Income $338,923

Other Revenue $0

TOTAL REVENUE $339,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,801

Fundraising Expenses $16,189

Program Expenses $295,410

Other Expenses $176,511

TOTAL EXPENSES $421,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,659	$215,967	+0.6%
Expenses	$421,312	$463,463	-0.1%
Net Income	$-81,653	$-247,496	-0.7%

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

$382,331

Total Directors

$191,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER HAGENOW	PRESIDENT, TREASURER	22.00	Officer Director	$92,846	$23,147	$191,958
PETER VOORHEES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSHUA BOYER	VP, SECRETARY	1.00	Officer Director	$0	$0	$0
DAN STEELE	VICE PRESIDENT	22.00	Officer	$93,219	$20,884	$190,373

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	No data	No data	No data	No data
2024	$339,659	$421,312	$8,822,538	$-81,653
2023	$215,967	$463,463	$8,555,101	$-247,496
2022	$368,117	$655,027	$8,052,556	$-286,910
2021	$950,463	$656,601	$10,086,999	$293,862
2020	$532,816	$504,358	$9,713,526	$28,458
2019	$215,277	$493,342	$8,822,681	$-278,065
2018	$1,421,597	$388,214	$7,903,682	$1,033,383

IOWANS FOR TAX RELIEF