IOWA ROCK 'N ROLL MUSIC ASSOCIATION (EIN 421471971) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

RALPH KLUSEMAN

Phone

7123300889

Tax Period

2024-10-01 to 2025-09-30

IOWA ROCK 'N ROLL MUSIC ASSOCIATION, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $155K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $211K exceeded revenue, resulting in a 37% operating deficit.

Mission

ROCK AND ROLL MUSIC IN THE STATE OF IOWA; AND TO HONOR AND RECOGNIZE THE INDIVIDUALS AND GROUPS WHO WERE INSTRUMENTAL TO THE DEVELOPMENT OF ROCK AND ROLL MUSIC IN THE STATE OF IOWA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,112

Program Service Revenue $0

Investment Income $6,803

Other Revenue $70,683

TOTAL REVENUE $154,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,949

Fundraising Expenses $0

Program Expenses $202,759

Other Expenses $128,105

TOTAL EXPENSES $211,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,598	$213,186	-0.3%
Expenses	$211,054	$214,881	0.0%
Net Income	$-56,456	$-1,695	+32.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL BARR	DIRECTOR	1.00	Director	$0	$0	$0
BRENT BREKKE	VP - TREASUR	5.00	Officer Director	$0	$0	$0
BECKY BROCKMANN	DIRECTOR	1.00	Director	$0	$0	$0
TIM COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
RIC JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
VANCE JORGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
RALPH KLUSEMAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
GAR LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
TED POULSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
BARB ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KIRK WEBB	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	$154,598	$211,054	$782,780	$-56,456
2024	$213,186	$214,881	$839,800	$-1,695
2023	$306,485	$376,710	$841,601	$-70,225
2022	$352,968	$361,040	$912,037	$-8,072
2021	$286,917	$283,718	$921,004	$3,199
2020	$124,426	$199,060	$948,440	$-74,634
2019	$640,998	$177,583	$1,054,844	$463,415

IOWA ROCK 'N ROLL MUSIC ASSOCIATION