Miller Endowment Incorporated (EIN 421448239) - 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

1971

Legal Domicile

Principal Officer

Sean Reeder

Phone

5152945124

Tax Period

2023-07-01 to 2024-06-30

Miller Endowment Incorporated, founded in 1971, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

To further educational purposes at the University of Iowa and Iowa State University.

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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 $0

Investment Income $1,492,478

Other Revenue $0

TOTAL REVENUE $1,492,478

Expense Breakdown

Grants Paid $1,716,484

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,716,484

Other Expenses $481,533

TOTAL EXPENSES $2,198,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,492,478	$1,103,690	+0.4%
Expenses	$2,198,017	$2,139,261	+0.0%
Net Income	$-705,539	$-1,035,571	-0.3%

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

N/A

Employees

N/A

Volunteers

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

$3,941,841

Total Directors

$3,941,841

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Wintersteen	President	2.00	Officer Director	$0	$105,122	$1,500,207
Susan Klatt	Secretary	2.00	Officer Director	$0	$38,753	$308,712
Barbara Wilson	Vice President	2.00	Officer Director	$0	$567,638	$1,254,709
Heather Paris	Treasurer (Start 12/23)	2.00	Officer Director	$0	$48,394	$306,644
Shawn Norman	Treasurer (End 12/23)	2.00	Officer Director	$0	$183,402	$571,569

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	No data	No data	No data	No data
2024	$1,492,478	$2,198,017	$20,543,020	$-705,539
2023	$1,103,690	$2,139,261	$21,248,559	$-1,035,571
2022	$1,447,422	$2,059,954	$22,284,130	$-612,532
2021	$1,371,331	$1,953,464	$22,896,662	$-582,133
2020	$772,086	$1,889,928	$23,478,795	$-1,117,842
2019	$1,877,397	$1,847,233	$24,596,637	$30,164

Miller Endowment Incorporated