IOWA ELKS ASSOCIATION CHARITABLE TRUST INC (EIN 421238299) - 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

1983

Legal Domicile

Principal Officer

ALAN ARMSTRONG

Phone

5632633663

Tax Period

2024-04-01 to 2025-03-31

IOWA ELKS ASSOCIATION CHARITABLE TRUST INC, founded in 1983, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Expenses of $308K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE AND PROVIDE SERVICES TO OUR VETERANS, YOUTH, AND COMMUNITIES.

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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 $134,082

Program Service Revenue $0

Investment Income $121,886

Other Revenue $0

TOTAL REVENUE $255,968

Expense Breakdown

Grants Paid $208,941

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $98,962

TOTAL EXPENSES $307,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,968	$264,091	0.0%
Expenses	$307,903	$181,820	+0.7%
Net Income	$-51,935	$82,271	-1.6%

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ARMSTRONG	SECRETARY	6.00	Officer Director	$0	$0	$5,000
JERRY LONG	TREASURER	6.00	Officer Director	$0	$0	$5,000
MICHELLE STEER	PRESIDENT	6.00	Officer Director	$0	$0	$0
STEVE BRADLEY	PRESIDENT-EL	6.00	Officer Director	$0	$0	$0
CHRIS ELSBERRY	DIRECTOR	3.00	Director	$0	$0	$0
BOB BURNS	DIRECTOR	3.00	Director	$0	$0	$0
KEN LILLIE	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN SYLVESTER	DIRECTOR	3.00	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	$255,968	$307,903	$1,771,552	$-51,935
2024	$264,091	$181,820	$1,900,608	$82,271
2023	$209,841	$207,847	$1,766,554	$1,994
2022	$408,365	$134,595	$1,916,258	$273,770
2021	$165,726	$131,574	$1,701,129	$34,152
2020	$165,883	$141,158	$1,449,411	$24,725
2019	$184,278	$131,029	$1,533,394	$53,249

IOWA ELKS ASSOCIATION CHARITABLE TRUST INC