NORTH CENTRAL IOWA RESEARCH ASSOCIATION (EIN 421441421) - 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

2022

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL IOWA RESEARCH ASSOCIATION, founded in 2022, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $40K, a strong 51% operating margin.

Mission

TO CARRY OUT RESEARCH & EDUCATION EFFORTS RELATING TO AGRICULTURE IN NORTH CENTRAL IOWA & OBTAIN FUNDS FOR ACQUISITION OF LAND SUITABLE FOR AGRICULTURAL RESEARCH FOR THE PURPOSE OF ADDRESSING PROBLEMS CONCERNING NORTH CENTRAL IOWA AGRICULTURE.

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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 $76,226

Investment Income $3,054

Other Revenue $0

TOTAL REVENUE $79,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,180

Other Expenses $39,180

TOTAL EXPENSES $39,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,280	$329,031	-0.8%
Expenses	$39,180	$15,188	+1.6%
Net Income	$40,100	$313,843	-0.9%

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

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
BLAKE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KASSEL	DIRECTOR	1.00	Director	$0	$0	$0
KURT METZGER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG KREITLOW	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HOMMEZ	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BORMANN	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE RIECK-HINZ	DIRECTOR	1.00	Director	$0	$0	$0
AARON THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRUNDMEIER	DIRECTOR	1.00	Director	$0	$0	$0
MERVIN KRAUSS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ZWIEFEL	DIRECTOR	1.00	Director	$0	$0	$0
DON LATHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PLATHE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KOHLHAAS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY CHRISTENSEN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
GREG GUENTHER	PRESIDENT	1.00	Officer	$0	$0	$0
DOUG ADAMS	SECRETARY	1.00	Officer	$0	$0	$0
BENJI FETT	TREASURER	1.00	Officer	$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	$79,280	$39,180	$809,509	$40,100
2022	$329,031	$15,188	$745,417	$313,843

NORTH CENTRAL IOWA RESEARCH ASSOCIATION