IOWA GREYHOUND ASSOCIATION (EIN 421300915) - 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

1960

Legal Domicile

Principal Officer

BRAD BOECKENSTEDT

Phone

4029343700

Tax Period

2023-01-01 to 2023-12-31

IOWA GREYHOUND ASSOCIATION, founded in 1960, is a small nonprofit that reported $286K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $452K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROMOTE THE SUPPORT OF GREYHOUND RACING IN THE STATE OF IOWA. TO UNITE THE GREYHOUND OWNERS, BREEDERS, TRAINERS AND KENNEL OWNERS/OPERATORS IN THE COMMON GOALS OF RESPONSIBLE BREEDING, RAISING AND TRAINING/RACING OF GREYHOUNDS. IMPROVE THE BREEDING & WELFARE OF GREYHOUNDS IN THE STATE OF IOWA. EXCHANGE KNOWLEDGE, INFORMATION, AND IDEAS.

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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 $0

Program Service Revenue $285,836

Investment Income $26

Other Revenue $0

TOTAL REVENUE $285,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,943

Fundraising Expenses $0

Other Expenses $449,438

TOTAL EXPENSES $452,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,862	$8,933,518	-1.0%
Expenses	$452,381	$7,161,002	-0.9%
Net Income	$-166,519	$1,772,516	-1.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BOECKENSTEDT	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM ERTL	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ROBINETTE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE ROBINETTE	BOARD	1.00	Director	$0	$0	$0
ALAN HILL	BOARD	1.00	Director	$0	$0	$0
JASON HESS	BOARD	1.00	Director	$0	$0	$0
ROBERT HARDISON	BOARD	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	No data	No data	No data	No data
2023	$285,862	$452,381	$284,900	$-166,519
2022	$8,933,518	$7,161,002	$515,176	$1,772,516
2021	$29,894,040	$30,612,482	$342,113	$-718,442
2020	$21,630,003	$21,363,427	$348,458	$266,576
2019	$15,269,305	$14,956,243	$976,176	$313,062
2018	$14,330,825	$16,173,722	$1,641,345	$-1,842,897

IOWA GREYHOUND ASSOCIATION