IOWANS FOR TAX RELIEF FOUNDATION (EIN 421184154) - 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

1982

Legal Domicile

Principal Officer

CHRISTOPHER S INGSTAD

Phone

5632883582

Tax Period

2023-01-01 to 2023-12-31

IOWANS FOR TAX RELIEF FOUNDATION, founded in 1982, is a small nonprofit that reported $379K in total revenue in fiscal year 2023. Revenue surged 509% from the prior year, signaling strong growth momentum. The organization ran a surplus of $245K, a strong 65% operating margin.

Mission

TO CONDUCT, PROVIDE, SPONSOR, AND CONTRIBUTE TO EDUCATION AND RESEARCH ON FACTS, METHODS, AND PRINCIPLES OF TAXATION, GOVERNMENT SPENDING, AND LIMITED GOVERNMENT.

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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 $369,584

Program Service Revenue $0

Investment Income $8,997

Other Revenue $0

TOTAL REVENUE $378,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,331

Fundraising Expenses $49,965

Program Expenses $68,343

Other Expenses $98,800

TOTAL EXPENSES $133,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,581	$62,123	+5.1%
Expenses	$133,970	$23,015	+4.8%
Net Income	$244,611	$39,108	+5.3%

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

N/A

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

$518,510

Total Directors

$518,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER INGSTAD	PRESIDENT	20.00	Officer Director	$0	$22,597	$233,925
RICHARD R PHILLIPS	VP, SECRETARY, TREASURER	20.00	Officer Director	$0	$21,692	$284,585
PETER E VOORHEES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRYAN OGHE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES ESPY	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
2023	$378,581	$133,970	$477,843	$244,611

IOWANS FOR TAX RELIEF FOUNDATION