PRAIRIE SCHOOL FOUNDATION

EIN: 421171215 501(c)(3)

CEDAR RAPIDS, IA

Total Revenue
$490,814
Total Expenses
$230,607
Total Assets
$2,101,403
Net Assets
$2,101,403
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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
1981
Legal Domicile
IA
Phone
3198481750
Tax Period
2024-07-01 to 2025-06-30

PRAIRIE SCHOOL FOUNDATION, founded in 1981, is a small nonprofit that reported $491K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $260K, a strong 53% operating margin.

Mission

TO SUPPORT THE COLLEGE COMMUNITY SCHOOL DISTRICT

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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 $418,820
Program Service Revenue $0
Investment Income $101,968
Other Revenue $-29,974
TOTAL REVENUE $490,814

Expense Breakdown

Grants Paid $133,987
Salaries & Benefits $48,919
Fundraising Expenses $18,466
Program Expenses $149,298
Other Expenses $47,701
TOTAL EXPENSES $230,607

Year-over-Year Comparison

2024 2023 Change
Revenue $490,814 $345,924 +0.4%
Expenses $230,607 $211,432 +0.1%
Net Income $260,207 $134,492 +0.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
N/A

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
7
$31,125
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY RUMERY Executive Dir. 20.00
Officer
$31,125 $0 $31,125
VANESSA DUERKSEN Director 0.00
Director
$0 $0 $0
DAVID THIELEN Director 0.00
Director
$0 $0 $0
JOSLIN HANNA Director 0.00
Director
$0 $0 $0
STEVE HOWES Director 0.00
Director
$0 $0 $0
ERICA ALBAUGH Director 0.00
Director
$0 $0 $0
RON RAUSCH Director 0.00
Director
$0 $0 $0
TONY GAIFFE Director 0.00
Officer Director
$0 $0 $0
TYLER TJELMELAND President 0.00
Officer Director
$0 $0 $0
MARK MATSON Director 0.00
Officer Director
$0 $0 $0
BILL GRABE JR Director 0.00
Director
$0 $0 $0
ERIKKA VOSMEK Director 0.00
Officer Director
$0 $0 $0
DEBBIE ERENBERGER Director 0.00
Officer Director
$0 $0 $0
JULIE KELLY-MOLANDER Vice President 0.00
Officer Director
$0 $0 $0
KRISTI NOVE Director 0.00
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 $490,814 $230,607 $2,101,403 $260,207
2024 $345,924 $211,432 $1,754,347 $134,492
2023 $287,973 $226,050 $1,509,462 $61,923
2022 $299,036 $220,891 $1,389,781 $78,145
2021 $269,391 $215,402 $1,472,456 $53,989
2020 $409,057 $291,599 $1,200,365 $117,458
2019 $244,428 $204,825 $1,102,853 $39,603
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