IOWA MOTOR CARRIERS FOUNDATION

EIN: 421287250 501(c)(3)

DES MOINES, IA

Total Revenue
$1,111,268
Total Expenses
$327,537
Total Assets
$7,908,715
Net Assets
$7,550,592
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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
IA
Phone
5152445193
Tax Period
2024-10-01 to 2025-09-30

IOWA MOTOR CARRIERS FOUNDATION, founded in 1986, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $784K, a strong 71% operating margin.

Mission

TO ENGAGE EXCLUSIVELY IN CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. THIS IS ACCOMPLISHED BY THE PRESENTATION OF LECTURES, SEMINARS, DISCUSSIONS, AND SIMILAR ENDEAVORS RELATING TO THE TRANSPORTATION INDUSTRY; CONDUCT TECHNICAL STUDIES, EITHER DIRECTLY OR BY GRANT, AND TO PROVIDE FOR THE PUBLICATION THEREOF; GRANT SCHOLARSHIPS TO INDIVIDUALS; AND TESTING IN SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $885,237
Program Service Revenue $0
Investment Income $225,519
Other Revenue $512
TOTAL REVENUE $1,111,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $199,179
Other Expenses $327,537
TOTAL EXPENSES $327,537

Year-over-Year Comparison

2024 2023 Change
Revenue $1,111,268 $1,343,767 -0.2%
Expenses $327,537 $189,154 +0.7%
Net Income $783,731 $1,154,613 -0.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
25

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD KOHLWES Director 1.00
Director
$0 $0 $0
JUSTIN PHILIPP Director 1.00
Director
$0 $0 $0
JACK SAWYER Director 1.00
Director
$0 $0 $0
ADRIAN DICKEY Director 1.00
Director
$0 $0 $0
STEVE SCHUSTER Chairman 1.00
Officer Director
$0 $0 $0
DAVE VAN WYK Director 1.00
Director
$0 $0 $0
DELWIN VAN WYK Director 1.00
Director
$0 $0 $0
JACKIE JOHNSRUD Director 1.00
Director
$0 $0 $0
JEFF WANGSNESS 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 $1,111,268 $327,537 $7,908,715 $783,731
2024 $1,343,767 $189,154 $6,903,773 $1,154,613
2023 $239,659 $162,377 $5,039,072 $77,282
2022 $408,282 $158,060 $4,694,413 $250,222
2021 $402,061 $134,136 $5,407,748 $267,925
2020 $488,148 $145,487 $3,965,773 $342,661
2019 $486,213 $121,581 $3,560,602 $364,632
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