MUSTANG FOUNDATION INC

EIN: 421429135 501(c)(3) Education

INDEPENDENCE, IA

Total Revenue
$760,753
Total Expenses
$151,872
Total Assets
$2,002,608
Net Assets
$2,002,608
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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
1994
Legal Domicile
IA
Principal Officer
ROB ROBINSON
Phone
3193347181
Tax Period
2025-01-01 to 2025-12-31

MUSTANG FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $761K in total revenue in fiscal year 2025. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $609K, a strong 80% operating margin.

Mission

TO BENEFIT AND SUPPORT THE ACTIVITIES OF INDEPENDENCE COMMUNITY SCHOOL DISTRICT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $531,077
Program Service Revenue $99,953
Investment Income $129,723
Other Revenue $0
TOTAL REVENUE $760,753

Expense Breakdown

Grants Paid $80,573
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,872
Other Expenses $71,299
TOTAL EXPENSES $151,872

Year-over-Year Comparison

2025 2024 Change
Revenue $760,753 $385,055 +1.0%
Expenses $151,872 $264,010 -0.4%
Net Income $608,881 $121,045 +4.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
200

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN JETTER Secretary 1.00
Officer Director
$0 $0 $0
ROB ROBINSON Treasurer 10.00
Officer Director
$0 $0 $0
BRAD KEGLER Director 1.00
Director
$0 $0 $0
ANDY HAUBER Director 1.00
Director
$0 $0 $0
RAY DOSTAL Director 1.00
Director
$0 $0 $0
CHARLIE MCCARDLE Director 1.00
Director
$0 $0 $0
CODY BARNES Director 1.00
Director
$0 $0 $0
MEGAN RASMUSSEN Director 1.00
Director
$0 $0 $0
MICHAEL HADEN Director 1.00
Director
$0 $0 $0
JEREMY HAHN Director 1.00
Director
$0 $0 $0
BRYAN PALMER 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
2025 $760,753 $151,872 $2,002,608 $608,881
2024 $385,055 $264,010 $1,303,538 $121,045
2023 $80,918 $123,236 $1,144,966 $-42,318
2022 $347,176 $197,994 $1,146,234 $149,182
2021 $157,084 $121,777 $1,130,892 $35,307
2020 $229,252 $92,739 $1,051,272 $136,513
2019 $110,524 $179,664 $354,252 $-69,140
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