IOWA TURFGRASS INSTITUTE (EIN 421221206) - 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

MATT BEATTY

Phone

5156350306

Tax Period

2024-04-01 to 2025-03-31

IOWA TURFGRASS INSTITUTE, founded in 1980, is a small nonprofit in the Science & Technology sector that reported $317K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PURPOSE IS TO FOSTER RESEARCH, EDUCATION, AND DISSEMINATION OF INFORMATION ON TURFGRASS SO AS TO BENEFIT THE PEOPLE OF IOWA AND THE ENVIRONMENT.

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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 $1,200

Program Service Revenue $267,392

Investment Income $48

Other Revenue $48,550

TOTAL REVENUE $317,190

Expense Breakdown

Grants Paid $8,186

Salaries & Benefits $109,728

Fundraising Expenses $0

Program Expenses $162,996

Other Expenses $210,442

TOTAL EXPENSES $328,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,190	$341,205	-0.1%
Expenses	$328,356	$310,576	+0.1%
Net Income	$-11,166	$30,629	-1.4%

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

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

$60,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT KRUSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN ABELS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLIOTT JOSEPHSON	TREASURER	1.00	Officer Director	$0	$0	$0
NERIC SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DARRIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DOUG KRANTZ	DIRECTOR	1.00	Director	$0	$0	$0
DR NICK CHRISTIANS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WYNJA	DIRECTOR	1.00	Director	$0	$0	$0
JASON KOESTER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE HAGEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR ADAM THOMS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY LAMOUREUX	EXECUTIVE DIRECTOR	40.00	Officer	$60,081	$0	$60,081

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	$317,190	$328,356	$491,954	$-11,166
2024	$352,407	$310,576	$486,992	$41,831
2023	$299,910	$281,183	$392,531	$18,727
2022	$229,114	$216,051	$376,105	$13,063
2021	$112,213	$143,996	$336,696	$-31,783
2020	$247,644	$230,446	$283,419	$17,198
2019	$253,183	$245,061	$289,263	$8,122

IOWA TURFGRASS INSTITUTE