IOWA GROCERS EDUCATION FOUNDATION (EIN 421387466) - 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

1983

Legal Domicile

Phone

5152702628

Tax Period

2024-01-01 to 2024-12-31

IOWA GROCERS EDUCATION FOUNDATION, founded in 1983, is a small nonprofit that reported $448K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 17% operating margin.

Mission

PROVIDE EDUCATIONAL SCHOLARSHIPS

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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 $288,655

Program Service Revenue $0

Investment Income $166,095

Other Revenue $-6,893

TOTAL REVENUE $447,857

Expense Breakdown

Grants Paid $285,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $369,816

Other Expenses $86,281

TOTAL EXPENSES $371,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,857	$360,662	+0.2%
Expenses	$371,531	$241,950	+0.5%
Net Income	$76,326	$118,712	-0.4%

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

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

$184,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HURD	Executive VP	1.00	Officer	$0	$6,419	$184,905
ANDY SCHREINER	Trustee	1.00	Director	$0	$0	$0
MIKE BREWINGTON	Vice President	1.00	Officer Director	$0	$0	$0
BOB GOSTOMSKI	President	1.00	Officer Director	$0	$0	$0
MIKE MAZOUR	Treasurer	1.00	Officer Director	$0	$0	$0
DANA SUMP	Trustee	1.00	Director	$0	$0	$0
BRIAN BURNAM	Secretary	1.00	Officer 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	$447,857	$371,531	$3,002,853	$76,326
2023	$360,662	$241,950	$2,806,317	$118,712
2022	$221,630	$255,235	$2,363,690	$-33,605
2021	$334,856	$235,014	$2,838,332	$99,842
2020	$324,792	$214,315	$2,543,206	$110,477
2019	$218,044	$225,974	$2,330,009	$-7,930
2018	$221,614	$234,666	$1,984,121	$-13,052

IOWA GROCERS EDUCATION FOUNDATION