IOWA STATE UNIVERSITY FOUNDATION (EIN 421143702) - 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

1980

Legal Domicile

Principal Officer

EMILY HAGER

Phone

5152944607

Tax Period

2023-07-01 to 2024-06-30

IOWA STATE UNIVERSITY FOUNDATION, founded in 1980, is a major nonprofit in the Education sector that reported $143.2M in total revenue in fiscal year 2023. Expenses of $205.3M exceeded revenue, resulting in a 43% operating deficit.

Mission

ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS.

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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 $111,415,632

Program Service Revenue $0

Investment Income $28,965,064

Other Revenue $2,832,319

TOTAL REVENUE $143,213,015

Expense Breakdown

Grants Paid $165,625,651

Salaries & Benefits $21,290,851

Fundraising Expenses $21,928,798

Program Expenses $165,625,651

Other Expenses $18,384,778

TOTAL EXPENSES $205,319,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,213,015	$147,035,872	0.0%
Expenses	$205,319,508	$153,769,487	+0.3%
Net Income	$-62,106,493	$-6,733,615	+8.2%

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

295

Volunteers

233

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

$847,500

Total Directors

Key Employees

$858,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARISSA HOLTMYER JONES	PRESIDENT AND CEO	40.00	Officer	$538,497	$56,753	$595,250
JEREMY GALVIN	VP & CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$308,877	$47,943	$356,820
ROSA UNAL	VP & CHIEF INFO OFFICER	40.00	Key Emp	$217,442	$41,366	$258,808
EMILY HAGER	VP & CHIEF FINANCIAL OFFICER	40.00	Officer	$208,299	$43,951	$252,250
ANN TORGERSON-ROSS	VP & CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$212,970	$29,531	$242,501
RYAN HARMS	ASSISTANT VP OF DEVELOPMENT	40.00	Highest	$192,335	$41,751	$234,086
KELLY HANFELT	ASSISTANT VP OF DEVELOPMENT	40.00	Highest	$180,837	$42,908	$223,745
ROBERT KINSEY	ASSISTANT VP OF DEVELOPMENT	40.00	Highest	$177,631	$44,758	$222,389
MARY EVANSON	ASSISTANT VP OF DEVELOPMENT	40.00	Highest	$170,287	$40,631	$210,918
AMY KRUZICH	ASSISTANT VP OF DEVELOPMENT	40.00	Highest	$183,588	$26,988	$210,576
MARY JANE HAGENSON	CHAIR	2.00	Officer Director	$0	$0	$0
TERRY TOBIN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CRAIG DENNY	SECRETARY	2.00	Officer Director	$0	$0	$0
DANA WENSTRAND	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA SCHAKEL	DIRECTOR (START 7/23)	1.00	Director	$0	$0	$0
AJAY DESAI	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SUKUP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KINGLAND	DIRECTOR	1.00	Director	$0	$0	$0
DEE VANDEVENTER	DIRECTOR	1.00	Director	$0	$0	$0
JIM BOREL	DIRECTOR (START 11/23)	1.00	Director	$0	$0	$0
JON FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
LARRY PITHAN	DIRECTOR	1.00	Director	$0	$0	$0
LEN RODMAN	DIRECTOR (END 11/23)	1.00	Director	$0	$0	$0
RIC JURGENS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
RON HALLENBECK	DIRECTOR	1.00	Director	$0	$0	$0
TED OBERLANDER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WINTERSTEEN	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$143,213,015	$205,319,508	$1,955,859,918	$-62,106,493
2023	$147,035,872	$153,769,487	$1,874,949,873	$-6,733,615
2022	$255,070,989	$146,572,844	$1,813,751,650	$108,498,145
2021	$196,378,537	$116,719,852	$1,790,439,488	$79,658,685
2020	$132,115,683	$127,015,540	$1,353,978,392	$5,100,143
2019	$160,807,746	$145,568,384	$1,341,412,954	$15,239,362
2018	$224,536,988	$94,032,938	$1,263,197,387	$130,504,050

IOWA STATE UNIVERSITY FOUNDATION