IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION (EIN 421420268) - 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

1970

Legal Domicile

Principal Officer

GARY STEINKE

Phone

5152823175

Tax Period

2023-07-01 to 2024-06-30

IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION, founded in 1970, is a small nonprofit in the Education sector that reported $287K in total revenue in fiscal year 2023. Revenue surged 720% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 38% operating margin.

Mission

PROVIDE MATHEMATICAL TEACHING AND RESEARCH PROGRAMS AT IOWA INDEPENDENT HIGHER EDUCATION INSTIUTIONS ON A CONSORTIAL BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $286,542

Investment Income $583

Other Revenue $0

TOTAL REVENUE $287,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,372

Other Expenses $178,372

TOTAL EXPENSES $178,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,125	$35,008	+7.2%
Expenses	$178,372	$47,350	+2.8%
Net Income	$108,753	$-12,342	-9.8%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED SELIGER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LENZMEIER	TREASURER	2.00	Director	$0	$0	$0
MARK PUTNAM	CHAIR	2.00	Director	$0	$0	$0
DAVID HAYES	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BRAND	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HOEKSTRA	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
RACHELLE KECK	VICE CHAIR	2.00	Director	$0	$0	$0
ANNE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER WARD	DIRECTOR	1.00	Director	$0	$0	$0
ADREAIN HENRY	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT MOSELY	DIRECTOR	1.00	Director	$0	$0	$0
TODD OLSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CHRISTY	DIRECTOR	1.00	Director	$0	$0	$0
AMY NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
KENDRA ERICSON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA EHRETSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN OTTOSSON	DIRECTOR	1.00	Director	$0	$0	$0
FLETCHER LAMKIN	DIRECTOR	1.00	Director	$0	$0	$0
JAY BYERS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW DRAUD	DIRECTOR	1.00	Director	$0	$0	$0
JOEL SHROCK	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS FRAMPTON	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	$287,125	$178,372	$141,208	$108,753
2023	$35,008	$47,350	$32,455	$-12,342
2022	$24,112	$25,856	$44,797	$-1,744
2021	$258,900	$227,195	$46,541	$31,705

IOWA INDEPENDENT HIGHER EDUCATION RESEARCH FOUNDATION