E JOE LUNDSGAARD EDUCATIONAL TRUST

EIN: 421356317 501(c)(3) Philanthropy & Grantmaking

CHEROKEE, IA

Total Revenue
$47,049
Total Expenses
$15,498
Total Assets
$502,502
Net Assets
$502,502
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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
2000
Legal Domicile
IA
Principal Officer
CHEROKEE STATE BANK
Phone
7122253000
Tax Period
2024-01-01 to 2024-12-31

E JOE LUNDSGAARD EDUCATIONAL TRUST, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $47K in total revenue in fiscal year 2024. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 67% operating margin.

Mission

TUITION GRANTS AND SUBSIDIZE TUITION

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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 $0
Program Service Revenue $0
Investment Income $47,049
Other Revenue $0
TOTAL REVENUE $47,049

Expense Breakdown

Grants Paid $10,670
Salaries & Benefits $2,970
Fundraising Expenses $0
Program Expenses $15,498
Other Expenses $1,858
TOTAL EXPENSES $15,498

Year-over-Year Comparison

2024 2023 Change
Revenue $47,049 $17,882 +1.6%
Expenses $15,498 $17,170 -0.1%
Net Income $31,551 $712 +43.3%
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
N/A
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHEROKEE STATE BANK TRUSTEE 1.00
$2,970 $0 $2,970
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 $47,049 $15,498 $502,502 $31,551
2023 $17,882 $17,170 $470,951 $712
2022 $-15,806 $8,058 $470,239 $-23,864
2021 $24,766 $7,542 $494,103 $17,224
2020 $63,483 $11,314 $476,879 $52,169
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