NORTHWEST IOWA COMMUNITY COLLEGE F… - Form 990 Financial Data

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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

LYLE KORVER

Phone

7123245061

Tax Period

2023-07-01 to 2024-06-30

NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION, founded in 1983, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $590K, a strong 43% operating margin.

Mission

PROVIDING SCHOLARSHIPS AND EQUIPMENT TO THE STUDENTS OF NORTHWEST IOWA COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $718,674

NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION RECEIVES DONATIONS FROM OUTSIDE SOURCES AND DISTRIBUTES THESE DONATIONS TO THE STUDENTS AT NORTHWEST IOWA COMMUNITY COLLEGE IN SHELDON, IOWA IN THE FORM OF...

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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 (2023)

Revenue Breakdown

Contributions & Grants $941,376

Program Service Revenue $0

Investment Income $370,328

Other Revenue $52,506

TOTAL REVENUE $1,364,210

Expense Breakdown

Grants Paid $660,655

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $718,674

Other Expenses $113,264

TOTAL EXPENSES $773,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,364,210	$1,331,549	+0.0%
Expenses	$773,919	$755,831	+0.0%
Net Income	$590,291	$575,718	+0.0%

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

$93,851

Total Directors

$450,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HARTOG	DIRECTOR	1.00	Director	$0	$56,703	$251,610
JESSICA WILLIAMS	TREASURER	1.00	Officer Director	$0	$26,203	$93,851
LYLE KORVER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN RICHTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTI LANDIS	SECRETARY	1.00	Director	$0	$0	$0
CARL ROLF	PAST PRESIDENT	1.00	Director	$0	$0	$0
WILLIAM GIDDINGS	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRAD LUPKES	DIRECTOR	1.00	Director	$0	$0	$0
ANDY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HEIDLOFF	DIRECTOR	1.00	Director	$0	$0	$0
KIM HICKS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EMERICK	DIRECTOR	1.00	Director	$0	$0	$0
JOEL LEUSINK	DIRECTOR	1.00	Director	$0	$0	$0
EMILY VAN KEKERIX	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL APPLETON	DIRECTOR	1.00	Director	$0	$0	$0
SHERRIE ZEUTENHORST	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LOERTS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA PORTER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BESAW	DIRECTOR	1.00	Director	$0	$0	$0
RON HEEMSTRA	DIRECTOR	1.00	Director	$0	$0	$0
LEAH MURPHY	DIRECTOR	1.00	Director	$0	$24,450	$105,170
MORGAN GRANSTRA	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA VAN ENGEN	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
2025	No data	No data	No data	No data
2024	$1,364,210	$773,919	$10,103,846	$590,291
2023	$1,331,549	$755,831	$8,996,612	$575,718
2022	$1,558,080	$872,098	$8,065,873	$685,982
2021	$1,257,800	$649,305	$8,862,057	$608,495
2020	$1,132,085	$679,724	$6,886,182	$452,361
2019	$797,047	$774,605	$6,547,906	$22,442
2018	$1,550,194	$516,174	$6,574,330	$1,034,020

NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION