IOWA CREDIT UNION FOUNDATION

EIN: 421438113 501(c)(3) Unknown

WEST DES MOINES, IA

Total Revenue
$494,711
Total Expenses
$471,852
Total Assets
$2,249,491
Net Assets
$2,225,308
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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
1995
Legal Domicile
IA
Principal Officer
JELENA BABIC BARNES
Phone
5152213002
Tax Period
2023-01-01 to 2023-12-31

IOWA CREDIT UNION FOUNDATION, founded in 1995, is a small nonprofit in the Unknown sector that reported $495K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $472K left a modest 5% surplus.

Mission

ICUF'S MISSION IS TO CHAMPION FINANCIAL WELL-BEING FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $375,364
Program Service Revenue $15,000
Investment Income $51,696
Other Revenue $52,651
TOTAL REVENUE $494,711

Expense Breakdown

Grants Paid $129,338
Salaries & Benefits $152,731
Fundraising Expenses $105,652
Program Expenses $223,659
Other Expenses $189,783
TOTAL EXPENSES $471,852

Year-over-Year Comparison

2023 2022 Change
Revenue $494,711 $425,847 +0.2%
Expenses $471,852 $426,890 +0.1%
Net Income $22,859 $-1,043 -22.9%
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
15
Independent Members
15
Employees
2
Volunteers
16

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
5
$94,952
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JELENA BABIC BARNES EXECUTIVE DIRECTOR 40.00
Officer
$79,852 $15,100 $94,952
MARIAN HOLMES CHAIR 1.00
Officer Director
$0 $0 $0
JORDAN HENSLEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
JULIE WILLSE TREASURER 1.00
Officer Director
$0 $0 $0
REBECCA NEADES SECRETARY 1.00
Officer Director
$0 $0 $0
ANN MCMILLIAN DIRECTOR 0.50
Director
$0 $0 $0
ALEJANDRO ALANIZ DIRECTOR 0.50
Director
$0 $0 $0
JIM ANDERSON DIRECTOR 0.50
Director
$0 $0 $0
MARY BONTRAGER DIRECTOR 0.50
Director
$0 $0 $0
ADAM CARROLL DIRECTOR 0.50
Director
$0 $0 $0
ANGELA DRURY DIRECTOR 0.50
Director
$0 $0 $0
DONNA DYER-BISCHOFF DIRECTOR 0.50
Director
$0 $0 $0
DANIELLE GRATTON DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER NAEVE DIRECTOR 0.50
Director
$0 $0 $0
PAULA O'ROURKE DIRECTOR 0.50
Director
$0 $0 $0
KIM FETTKETHER DIRECTOR 0.50
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 No data No data No data No data
2023 $494,711 $471,852 $2,249,491 $22,859
2022 $425,847 $426,890 $2,092,625 $-1,043
2021 $632,907 $334,354 $2,331,808 $298,553
2020 $2,518,055 $1,037,208 $2,063,197 $1,480,847
2019 $495,626 $336,472 $525,285 $159,154
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