WEST HANCOCK SCHOLARSHIP & LOAN FUND OF IOWA (EIN 421217415) - 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

1964

Legal Domicile

Phone

6418434693

Tax Period

2024-07-01 to 2025-06-30

WEST HANCOCK SCHOLARSHIP & LOAN FUND OF IOWA, founded in 1964, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. The organization ran a surplus of $24K, a strong 30% operating margin.

Mission

PROVIDE SCHOLARSHIPS & LOANS TO GRADUATES TO HELP WITH THE INCREASING COSTS OF HIGHER EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,165

Program Service Revenue $0

Investment Income $75,884

Other Revenue $0

TOTAL REVENUE $81,049

Expense Breakdown

Grants Paid $38,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,938

Other Expenses $18,688

TOTAL EXPENSES $56,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,049	$81,841	0.0%
Expenses	$56,938	$68,340	-0.2%
Net Income	$24,111	$13,501	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONNY EEKHOFF	DIRECTOR	1.00	Director	$0	$0	$0
LINDA FRIEDOW	DIRECTOR	1.00	Director	$0	$0	$0
DAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SIEGRIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACKIE ECKELS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE PADDERUD	DIRECTOR	1.00	Director	$0	$0	$0
JANA LOESCHEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE COUCH	DIRECTOR	0.00	Director	$0	$0	$0
ROGER KJELLBERG	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	$81,049	$56,938	$1,586,984	$24,111
2024	$81,841	$68,340	$1,562,873	$13,501
2023	$76,107	$84,476	$1,549,372	$-8,369
2022	$79,647	$80,958	$1,557,741	$-1,311
2021	$91,188	$97,174	$1,559,052	$-5,986
2020	$72,305	$81,324	$1,565,038	$-9,019
2019	$71,342	$85,264	$1,574,057	$-13,922
2018	$149,996	$144,755	$1,587,979	$5,241

WEST HANCOCK SCHOLARSHIP & LOAN FUND OF IOWA