IRIS INC (EIN 421394408) - 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

1993

Legal Domicile

Principal Officer

DEL R CHRISTENSEN

Phone

5159784464

Tax Period

2024-01-01 to 2024-12-31

IRIS INC, founded in 1993, is a small nonprofit in the International Affairs sector that reported $888K in total revenue in fiscal year 2024. Expenses of $763K left a modest 14% surplus.

Mission

IRIS, INC WAS ESTABLISHED BY FORMER IOWA LIEUTENANT GOVERNOR BOB ANDERSON IN 1993. THE MISSION OF THE ORGANIZATION IS TO PROMOTE INTERNATIONAL EDUCATION, DEVELOPMENT, AND PEACE BY CONNECTING IOWA TO COMMUNITIES WORLDWIDE. IRIS CONDUCTS MANY PROGRAMS WHICH BRING STUDENTS, JOURNALISTS, BUSINESS PEOPLE, EDUCATORS, AND GOVERNMENT LEADERS FROM AFRICA, CENTRAL AND EASTERN EUROPE AND ASIA TO IOWA. WHILE IN IOWA, THE INTERNATIONAL PARTICIPANTS STAY WITH IOWA FAMILIES, STUDY IN IOWA SCHOOLS, INTERN IN IOWA BUSINESSES, AND BECOME INVOLVED IN COMMUNITY ACTIVITIES. WHEN THEY RETURN TO THEIR HOME COUNTRIES, THEY TAKE WITH THEM NEW IDEAS AND STRATEGIES FOR ECONOMIC DEVELOPMENT AND PEACE ADVANCEMENT. THEY ALSO RETURN HOME WITH NEW FRIENDSHIPS AND A BETTER UNDERSTANDING OF AMERICANS AND OUR DEMOCRATIC WAY OF LIFE. IRIS ALSO LINKS IOWANS TO THE WORLD BY FACILITATING INTERNATIONAL RELATIONSHIPS AND ARRANGING FOR TRAVEL OPPORTUNITIES FOR IOWANS. ALMOST ALL HAVE BEEN FUNDED BY THE U.S. STATE DEPARTMENT.

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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 $888,167

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $888,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,346

Fundraising Expenses $26,147

Program Expenses $465,360

Other Expenses $390,090

TOTAL EXPENSES $763,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$888,167	$907,550	0.0%
Expenses	$763,436	$902,355	-0.2%
Net Income	$124,731	$5,195	+23.0%

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

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

$130,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS FULTZ	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
VANI BOJJIA	VICE-CHAIRPE	N/A	Officer Director	$0	$0	$0
MIKE COVERDALE	TREASURER/SE	N/A	Officer Director	$0	$0	$0
BOBT ANDERSON	PRESIDENT EM	N/A	Officer Director	$0	$0	$0
DROMI ETSEY	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE GASSMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
RONELLE LANGLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
URSULA RUEDENBERG	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN ANDERSON	CHAIRPERSON	N/A	Director	$0	$0	$0
DEL R CHRISTENSEN	EXECUTIVE DI	40.00	Officer	$130,948	$0	$130,948

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	$888,167	$763,436	$366,574	$124,731
2023	$907,550	$902,355	$346,986	$5,195
2022	$834,969	$869,218	$326,303	$-34,249
2021	$695,827	$768,457	$190,989	$-72,630
2020	$776,553	$746,283	$216,520	$30,270
2019	$854,357	$821,606	$178,602	$32,751
2018	$760,298	$771,288	$150,464	$-10,990

IRIS INC