THE WALLACE CENTERS OF IOWA (EIN 421322071) - 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

1988

Legal Domicile

Phone

5152437063

Tax Period

2024-01-01 to 2024-12-31

THE WALLACE CENTERS OF IOWA, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $540K, a strong 50% operating margin.

Mission

EXEMPT PURPOSE IS TO PRESERVE THE WALLACE FAMILY LEGACY OF AGRICULTURAL INNOVATION AND PUBLIC SERVICE WITH PROGRAMS AND TWO HISTORIC LOCATIONS THAT CONNECT IOWA'S FOOD, LAND AND PEOPLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $889,628

Program Service Revenue $103,170

Investment Income $83,972

Other Revenue $7,281

TOTAL REVENUE $1,084,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,573

Fundraising Expenses $0

Program Expenses $445,209

Other Expenses $185,477

TOTAL EXPENSES $544,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,084,051	$741,598	+0.5%
Expenses	$544,050	$574,624	-0.1%
Net Income	$540,001	$166,974	+2.2%

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

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
JIM HOYT	VICE CHAIR	1.00	Director	$0	$0	$0
MARION JAMES	Director	1.00	Director	$0	$0	$0
DAVID MURRAY	Director	1.00	Director	$0	$0	$0
DOUG JESKE	Director	1.00	Director	$0	$0	$0
MARY KAPLER	Director	1.00	Director	$0	$0	$0
JANE HATFIELD ANCHUSTEGUI	Director	1.00	Director	$0	$0	$0
CHRISTINE AUGUSTINE	Treasurer	1.00	Director	$0	$0	$0
RACHEL BINNING	Chairman	1.00	Director	$0	$0	$0
BARB KALBACH	Director	1.00	Director	$0	$0	$0
AMARA HUFFINE	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
2024	$1,084,051	$544,050	$2,224,063	$540,001
2023	$741,598	$574,624	$1,542,881	$166,974
2022	$470,744	$592,242	$1,445,274	$-121,498
2021	$626,902	$520,962	$1,520,760	$105,940
2020	$471,836	$491,921	$1,399,660	$-20,085
2019	$530,011	$536,523	$1,388,377	$-6,512
2018	$516,715	$639,371	$1,398,342	$-122,656

THE WALLACE CENTERS OF IOWA