MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION

EIN: 421343360 501(c)(3)

MARION, IA

Total Revenue
$1,268,985
Total Expenses
$376,928
Total Assets
$6,796,890
Net Assets
$6,796,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IA
Principal Officer
BONNIE RAASCH
Phone
3193774691
Tax Period
2024-01-01 to 2024-12-31

MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $892K, a strong 70% operating margin.

Mission

ENHANCING EDUCATION FOR THE BENEFIT OF MARION IDEPENDENT SCHOOL DISTRICT STUDENTS, SCHOOLS AND GREATER COMMUNTIY.

Program Service Accomplishments

Program 1
Expenses: $89,475

PROVIDE SCHOLARSHIPS TO STUDENTS IN THE MISD.

Program 2
Expenses: $24,704

GRANTS FOR EDUCATIONAL ENHANCEMENTS TO STUDENTS IN THE MARION INDEPENDENT SCHOOL DISTRICT

Program 3

COMMUNITY SUPPORT FOR STUDENTS, STAFF AND COMMUNITY.

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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 $600,179
Program Service Revenue $0
Investment Income $668,806
Other Revenue $0
TOTAL REVENUE $1,268,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,092
Fundraising Expenses $0
Program Expenses $361,363
Other Expenses $318,836
TOTAL EXPENSES $376,928

Year-over-Year Comparison

2024 2023 Change
Revenue $1,268,985 $4,695,488 -0.7%
Expenses $376,928 $524,467 -0.3%
Net Income $892,057 $4,171,021 -0.8%
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

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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
16
Independent Members
16
Employees
4
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY VAN GORP TRUSTEE/DIRE N/A
Director
$0 $0 $0
DOREEN ZUMWALT PAST PRESIDE N/A
Director
$0 $0 $0
ADAM DETERMANN TREASURER N/A
Officer
$0 $0 $0
RACHEL HAUCK PRESIDENT EL N/A
Officer
$0 $0 $0
BONNIE RAASCH PRESIDENT N/A
Officer
$0 $0 $0
COLTON STORLA SECRETARY N/A
Officer
$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 $1,268,985 $376,928 $6,796,890 $892,057
2023 $4,695,488 $524,467 $5,904,192 $4,171,021
2022 $193,189 $454,139 $1,733,171 $-260,950
2021 $469,213 $299,549 $2,127,867 $169,664
2020 $432,184 $196,632 $1,958,203 $235,552
2019 $506,442 $319,729 $1,722,140 $186,713
2018 $140,395 $211,033 $1,538,301 $-70,638
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