IOWA SPORTS FOUNDATION

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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

1986

Legal Domicile

Principal Officer

NICOLE KENNEDY

Phone

5152923251

Tax Period

2023-10-01 to 2024-09-30

IOWA SPORTS FOUNDATION, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE IOWA SPORTS FOUNDATION (ISF) MISSION IS TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,311,124 Revenue: $762,871

THE ISF IS COMPRISED OF THE IOWA GAMES, LIVE HEALTHY IOWA, ADAPTIVE SPORTS IOWA AND THE IOWA SENIOR GAMES. TO PROMOTE AMATEUR SPORTS WITHIN THE STATE OF IOWA; HOST OLYMPIC-STYLE FESTIVALS AND...

THE ISF IS COMPRISED OF THE IOWA GAMES, LIVE HEALTHY IOWA, ADAPTIVE SPORTS IOWA AND THE IOWA SENIOR GAMES. TO PROMOTE AMATEUR SPORTS WITHIN THE STATE OF IOWA; HOST OLYMPIC-STYLE FESTIVALS AND COMPETITIONS; CREATE AWARENESS, EMPHASIZE AND EDUCATE IOWANS CONCERNING THE NUMEROUS BENEFITS OF GOOD HEALTH, PHYSICAL FITNESS, SPORTSMANSHIP AND COMPETITION.

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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 $737,790

Program Service Revenue $682,257

Investment Income $30,471

Other Revenue $82,726

TOTAL REVENUE $1,533,244

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $711,509

Fundraising Expenses $47,687

Program Expenses $1,311,124

Other Expenses $918,463

TOTAL EXPENSES $1,631,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,533,244	$1,648,618	-0.1%
Expenses	$1,631,972	$1,632,342	0.0%
Net Income	$-98,728	$16,276	-7.1%

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

3475

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

$188,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAKE BOLDON	DIRECTOR	0.50	Director	$0	$0	$0
TOM KEATING	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS VERLENGIA	VICE PRESIDENT	0.50	Director	$0	$0	$0
LYNN WALZ	TREASURER	0.50	Director	$0	$0	$0
JESS VILSACK	PAST CHAIR	0.50	Director	$0	$0	$0
BARB BAKER	DIRECTOR	0.50	Director	$0	$0	$0
TAVIAN BANKS	DIRECTOR	0.50	Director	$0	$0	$0
MAC O'BRIEN	SECRETARY	0.50	Director	$0	$0	$0
JULIE MIDDLESWART	CHAIR	0.50	Director	$0	$0	$0
ROB BRADLEY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL BOUSSELOT	PRESIDENT	0.50	Director	$0	$0	$0
TONY DICKINSON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK TOMKA	DIRECTOR	0.50	Director	$0	$0	$0
TIM GRABINSKI	DIRECTOR	0.50	Director	$0	$0	$0
ZACH ELSBECKER	DIRECTOR	0.50	Director	$0	$0	$0
NORMAN GRANGER	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN HARDIN	DIRECTOR	0.50	Director	$0	$0	$0
LYDIA ZERBY	DIRECTOR	0.50	Director	$0	$0	$0
BETH GOETZ	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE POLLARD	DIRECTOR	0.50	Director	$0	$0	$0
STEVE PURCELL	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN JORDISON	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HARTUNG	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS GORSCH	DIRECTOR	0.50	Director	$0	$0	$0
MEGAN FRANKLIN	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE KLEPPE	DIRECTOR	0.50	Director	$0	$0	$0
DAVE LUBBERS	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN BOURKE	DIRECTOR	0.50	Director	$0	$0	$0
TAYLOR ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
TROY HENRICH	DIRECTOR	0.50	Director	$0	$0	$0
TODD JACOBUS	DIRECTOR	0.50	Director	$0	$0	$0
RJ SUMRALL	DIRECTOR	0.50	Director	$0	$0	$0
LYDIA CARAVEO	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES LONG	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$105,959	$0	$105,959
NICOLE KENNEDY	CHIEF OPERATING OFFICER	40.00	Officer	$82,804	$0	$82,804

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
2024	$1,533,244	$1,631,972	$1,225,669	$-98,728
2023	$1,648,618	$1,632,342	$1,281,799	$16,276
2022	$1,953,719	$1,917,465	$1,243,480	$36,254
2021	$1,610,513	$1,317,238	$1,349,375	$293,275
2020	$1,252,396	$1,124,737	$1,141,793	$127,659
2019	$1,634,857	$1,634,453	$898,691	$404
2018	$1,664,422	$1,761,470	$922,552	$-97,048