IOWA FFA FOUNDATION INC (EIN 421305468) - 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

1986

Legal Domicile

Principal Officer

JIM GARDNER

Phone

5159657370

Tax Period

2022-07-01 to 2023-06-30

IOWA FFA FOUNDATION INC, founded in 1986, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 64% operating margin.

Mission

TO CULTIVATE PARTNERSHIPS SUPPORTING AGRICULTURAL EDUCATION & PROVIDE FINANCIAL SUPPORT(SCH O)TO ASSIST AGRICULTURAL EDUCATION ORGANIZATIONS IN ACCOMPLISHING THEIR MISSIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,805,560

Program Service Revenue $0

Investment Income $43,598

Other Revenue $418,278

TOTAL REVENUE $3,267,436

Expense Breakdown

Grants Paid $402,966

Salaries & Benefits $295,761

Fundraising Expenses $146,817

Program Expenses $778,585

Other Expenses $471,576

TOTAL EXPENSES $1,170,303

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,267,436	$1,572,741	+1.1%
Expenses	$1,170,303	$1,081,267	+0.1%
Net Income	$2,097,133	$491,474	+3.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

103

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

$91,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BERKLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH EARLL	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MAGGIE STITH	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
RON ZELLE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM GARDNER	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH SOLTWEDEL	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY NIEMANN	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE CHRISTIANSEN	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE FAIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
JULIANNE JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WEUVE	DIRECTOR	1.00	Director	$0	$0	$0
TIM KAPUCIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH REMINGTON	EXECUTIVE DIRECTOR	40.00	Officer	$83,340	$8,452	$91,792

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	$3,267,436	$1,170,303	$14,221,721	$2,097,133
2022	$1,572,741	$1,081,267	$12,403,855	$491,474
2021	$1,475,681	$1,067,321	$12,458,517	$408,360
2020	$702,385	$1,026,915	$11,910,694	$-324,530
2019	$951,462	$1,249,988	$12,104,470	$-298,526
2018	$1,153,458	$1,255,371	$12,414,549	$-101,913

IOWA FFA FOUNDATION INC