NORTHWEST IOWA CORRIDOR HABITAT FOR HUMANITY (EIN 421459332) - 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

1996

Legal Domicile

Principal Officer

JANIS BOWLES

Phone

7125804118

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST IOWA CORRIDOR HABITAT FOR HUMANITY, founded in 1996, is a small nonprofit that reported $338K in total revenue in fiscal year 2024. Revenue surged 354% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 51% operating margin.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $331,539

Program Service Revenue $4,761

Investment Income $1,419

Other Revenue $0

TOTAL REVENUE $337,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,833

Fundraising Expenses $0

Program Expenses $5,860

Other Expenses $105,733

TOTAL EXPENSES $166,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,719	$74,417	+3.5%
Expenses	$166,566	$101,875	+0.6%
Net Income	$171,153	$-27,458	-7.2%

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

$60,833

Total Directors

$60,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BJORNSTAD	EXECUTIVE DI	40.00	Officer Director	$60,833	$0	$60,833
JANIS BOWLES	PRESIDENT	3.00	Officer Director	$0	$0	$0
SCOTT BRADHAM	DIRECTOR	3.00	Director	$0	$0	$0
SARA FRERICHS	TREASURER	3.00	Officer Director	$0	$0	$0
ANNA HARMON	DIRECTOR	1.00	Director	$0	$0	$0
KATE PADILLA	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE WATTERS	SECRETARY	3.00	Officer Director	$0	$0	$0
JERRY WELTER	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	$337,719	$166,566	$1,659,350	$171,153
2024	$74,417	$101,875	$963,088	$-27,458
2023	$254,705	$31,187	$999,195	$223,518
2022	$36,430	$10,372	$781,391	$26,058
2021	$21,145	$7,665	$764,295	$13,480
2020	$21,282	$9,479	$759,155	$11,803
2019	$4,597	$9,228	$766,697	$-4,631
2018	$-623	$7,221	$800,878	$-7,844

NORTHWEST IOWA CORRIDOR HABITAT FOR HUMANITY