IOWA ART WORKS INC (EIN 421112539) - 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

2006

Legal Domicile

Principal Officer

ELYSE DE CORAH

Phone

3193659644

Tax Period

2023-01-01 to 2023-12-31

IOWA ART WORKS INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $283K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ART EDUCATION IN CERAMICS AND GLASS THROUGH CLASSES, WORKSHOPS, AND DEMONSTATIONS.

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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 $38,193

Program Service Revenue $217,545

Investment Income $4,099

Other Revenue $23,220

TOTAL REVENUE $283,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,350

Fundraising Expenses $0

Program Expenses $285,527

Other Expenses $165,177

TOTAL EXPENSES $285,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,057	$254,961	+0.1%
Expenses	$285,527	$264,844	+0.1%
Net Income	$-2,470	$-9,883	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ANDERSON-KIGIN	DIRECTOR AT	2.00	Director	$0	$0	$0
KRISTY BUTTERFIELD	DIRECTOR AT	2.00	Director	$0	$0	$0
DEBRA CRERIE	DIRECTOR AT	2.00	Director	$0	$0	$0
DOUGLAS FLUGUM	DIRECTOR AT	2.00	Director	$0	$0	$0
RICK HINTZE	DIRECTOR AT	2.00	Director	$0	$0	$0
CHERYL HOCH	DIRECTOR AT	2.00	Director	$0	$0	$0
LISA KOBLENZ	DIRECTOR AT	2.00	Director	$0	$0	$0
MARY MAHONEY	DIRECTOR AT	2.00	Director	$0	$0	$0
BECKY NEWTON	DIRECTOR AT	2.00	Director	$0	$0	$0
PAT POSYER	DIRECTOR AT	2.00	Director	$0	$0	$0
LAURA RISKEDAHL	CHAIR	5.00	Director	$0	$0	$0
AUGUST STOLBA	DIRECTOR AT	2.00	Director	$0	$0	$0
ELYSE DE CORAH	TREASURER	5.00	Officer	$0	$0	$0
TERRY PITTS	SECRETARY	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$283,057	$285,527	$177,261	$-2,470
2022	$254,961	$264,844	$168,508	$-9,883
2021	$279,216	$245,970	$178,246	$33,246
2020	$255,803	$233,252	$172,526	$22,551

IOWA ART WORKS INC