STORM LAKE SCHOOL DISTRICT FOUNDATION (EIN 421226546) - 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

1984

Legal Domicile

Principal Officer

MATT PHILLIPS

Phone

7127323022

Tax Period

2024-09-01 to 2025-08-31

STORM LAKE SCHOOL DISTRICT FOUNDATION, founded in 1984, is a micro nonprofit that reported $76K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $58K, a strong 76% operating margin.

Mission

SUPPORT TO THE STORM LAKE COMMUNITY SCHOOL DISTRICT AND PROVIDE POST HIGH SCHOOL SCHOLARSHIPS TO GRADUATES OF THE SCHOOL.

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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 $6,546

Program Service Revenue $0

Investment Income $14,381

Other Revenue $55,177

TOTAL REVENUE $76,104

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,159

Other Expenses $16,841

TOTAL EXPENSES $18,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,104	$113,491	-0.3%
Expenses	$18,341	$2,500	+6.3%
Net Income	$57,763	$110,991	-0.5%

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	Role	Reportable Comp	Other Comp	Total
MELEA RAVELING	SCHOOL BOARD REPRESENTATIV	Director	$0	$0	$0
MATT PHILLIPS	PRESIDENT	Officer Director	$0	$0	$0
BRETT REDENBAUGH	DIRECTOR	Director	$0	$0	$0
MIKE PORSCH	DIRECTOR	Director	$0	$0	$0
TY SEAMAN	DIRECTOR	Director	$0	$0	$0
WENDY GOODCHILD	SECRETARY	Officer Director	$0	$0	$0
JEFF DEHAAN	DIRECTOR	Director	$0	$0	$0
JEFF JORGENSEN	DIRECTOR	Director	$0	$0	$0
COURTNEY GOODCHILD	DIRECTOR	Director	$0	$0	$0
KATELYN ADAMS	DIRECTOR	Director	$0	$0	$0
KEVIN CONE	VICE PRESIDENT	Officer Director	$0	$0	$0
MEGAN THOMPSON	TREASURER	Officer Director	$0	$0	$0
JOE KUCERA	COMMUNITY EDUCATION DIRECT	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	$76,104	$18,341	$513,277	$57,763

STORM LAKE SCHOOL DISTRICT FOUNDATION