IOWANS FOR TAX RELIEF FOUNDATION

EIN: 421184154 501(c)(3)

WEST DES MOINES, IA

Total Revenue
$378,581
Total Expenses
$133,970
Total Assets
$477,843
Net Assets
$468,979
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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
IA
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.

Program Service Accomplishments

Program 1
Expenses: $68,343

TO ENSURE EVERY IOWAN CAN ACHIEVE THE AMERICAN DREAM BY FOSTERING: A PRO-GROWTH TAX CODE, A FRIENDLY BUSINESS CLIMATE, AND AN EDUCATION SYSTEM THAT PREPARES RESPONSIBLE LEADERS AND CITIZENS FOR THE...

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TO ENSURE EVERY IOWAN CAN ACHIEVE THE AMERICAN DREAM BY FOSTERING: A PRO-GROWTH TAX CODE, A FRIENDLY BUSINESS CLIMATE, AND AN EDUCATION SYSTEM THAT PREPARES RESPONSIBLE LEADERS AND CITIZENS FOR THE WORKFORCE.

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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 (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

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$518,510
Total Directors
5
$518,510
Key Employees
0
$0
Highest Compensated
0
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
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