IOWA ABLE FOUNDATION (EIN 421438621) - 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

KYLE GULDENPFENIG

Phone

5152922972

Tax Period

2023-10-01 to 2024-09-30

IOWA ABLE FOUNDATION, founded in 1993, is a small nonprofit in the Human Services sector that reported $190K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $289K exceeded revenue, resulting in a 52% operating deficit.

Mission

ADMINISTER LOAN PROGRAMS FOR PEOPLE WITH DISABLITIES.

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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 $179,778

Program Service Revenue $8,906

Investment Income $1,068

Other Revenue $0

TOTAL REVENUE $189,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,603

Fundraising Expenses $3,069

Program Expenses $242,489

Other Expenses $115,096

TOTAL EXPENSES $288,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,752	$221,382	-0.1%
Expenses	$288,699	$292,334	0.0%
Net Income	$-98,947	$-70,952	+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

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
REBECA HEDLUND	VICE PRESIDE	40.00	Officer	$0	$0	$0
JEFF WILLIAMS	INTERIM DIRE	10.00	Officer	$0	$0	$0
KYLE GULDENPFENIG	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICOLE LARSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
VIRGINIA STADLER	TREASURER	2.00	Officer Director	$0	$0	$0
SHELLEY GARRINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN MCCALLEY	DIRECTOR	1.00	Director	$0	$0	$0
LEKEISHA VEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
VIENNA HOANG	DIRECTOR	1.00	Director	$0	$0	$0
MARK EDELMAN	DIRECTOR	10.00	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	$189,752	$288,699	$717,867	$-98,947
2023	$221,382	$292,334	$723,157	$-70,952
2022	$246,307	$279,231	$718,508	$-32,924
2021	$561,573	$325,232	$797,537	$236,341
2020	$315,470	$249,181	$498,901	$66,289
2019	$281,434	$222,277	$435,173	$59,157

IOWA ABLE FOUNDATION