IOWA PROPANE EDUCATION AND RESEARC… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

ERIC CARLSON

Phone

5155641260

Tax Period

2024-01-01 to 2024-12-31

IOWA PROPANE EDUCATION AND RESEARCH COUNCIL, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $912K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

THE IOWA PROPANE EDUCATION AND RESEARCH COUNCIL PROMOTES SAFETY RESEARCH AND EDUCATION THROUGH PUBLIC SERVICE ANNOUNCEMENTS, PROGRAMS, AND TRAINING CLASSES.

Program Service Accomplishments

Program 1

FUNDING REBATE PROGRAMS THROUGH IOWA PROPANE GAS ASSOCIATION- THE REGULATOR REBATE PROGRAM ALLOWS THE PROPANE MARKETER TO RECEIVE A REBATE FOR THE REMOVAL OF REGULATORS IDENTIFIED AS A POTENTIAL...

FUNDING REBATE PROGRAMS THROUGH IOWA PROPANE GAS ASSOCIATION- THE REGULATOR REBATE PROGRAM ALLOWS THE PROPANE MARKETER TO RECEIVE A REBATE FOR THE REMOVAL OF REGULATORS IDENTIFIED AS A POTENTIAL SAFETY THREAT. DURING 2024, THE FUNDS AVAILABLE FOR THIS PROGRAM TOTALED 10,676. THE HIGH EFFICIENCY PROPANE WATER HEATER REBATE PROGRAM ALLOWS PROPANE MARKETERS TO RECEIVE A REBATE FOR THE INSTALLATION OF RESIDENTIAL HIGH EFFICIENCY PROPANE WATER HEATERS. DURING 2024, THE FUNDS AVAILABLE FOR THIS PROGRAM TOTALED 43,005. LASTLY, THE HIGH EFFICIENCY FURNACE REBATE PROGRAM ALLOWS FOR PROPANE MARKETERS TO RECEIVE A REBATE FOR THE INSTALLATION OF RESIDENTIAL HIGH EFFICIENCY PROPANE FURNACES/BOILERS. DURING 2024, THE FUNDS AVAILABLE FOR THIS PROGRAM TOTALED 179,180.

Program 2

FUNDING CLASSES & TRAINING PROGRAMS THROUGH IOWA PROPANE GAS ASSOCIATION - CONDUCTS SAFETY EDUCATION AND TRAINING FOR PROPANE GAS. APPROXIMATELY 781 INDIVIDUALS ATTENDED PROGRAMS, SHOWS AND MEETINGS...

Program 3

FUNDING PUBLIC SAFETY MESSAGE & NEWSLETTER THROUGH IOWA PROPANE GAS ASSOCIATION- THE PUBLIC SAFETY MESSAGE PROVIDES PROPANE GAS SAFETY TIPS, ANNOUNCEMENTS AND INFORMATION THROUGH BROCHURES AND THE...

FUNDING PUBLIC SAFETY MESSAGE & NEWSLETTER THROUGH IOWA PROPANE GAS ASSOCIATION- THE PUBLIC SAFETY MESSAGE PROVIDES PROPANE GAS SAFETY TIPS, ANNOUNCEMENTS AND INFORMATION THROUGH BROCHURES AND THE MEDIA. THE NEWSLETTER IS AVAILABLE TO ALL PROPANE GAS DISTRIBUTORS, MARKETERS, AND WHOLESALERS IN THE STATE OF IOWA TO PROMOTE SAFETY AND EDUCATION IN THE INDUSTRY.

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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 $595,797

Program Service Revenue $307,465

Investment Income $9,122

Other Revenue $0

TOTAL REVENUE $912,384

Expense Breakdown

Grants Paid $63,217

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $844,957

TOTAL EXPENSES $908,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$912,384	$1,180,574	-0.2%
Expenses	$908,174	$1,021,404	-0.1%
Net Income	$4,210	$159,170	-1.0%

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

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

$95,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE WICKER	CEO	12.00	Officer	$0	$14,329	$95,108
SARAH KNIGHT	DIRECTOR	0.30	Director	$0	$0	$0
JUSTIN VENTEICHER	DIRECTOR	0.30	Director	$0	$0	$0
KELSIE WATKINSON	DIRECTOR	0.30	Director	$0	$0	$0
LORIE M EASTER	DIRECTOR	0.30	Director	$0	$0	$0
DAVID HENRY	DIRECTOR	0.30	Director	$0	$0	$0
ERIC CARLSON	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LUCAS PLOEN	VICE CHAIRPE	0.30	Officer Director	$0	$0	$0
SANDRA DAILY	TREASURER	1.00	Officer 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	$912,384	$908,174	$505,539	$4,210
2023	$1,180,574	$1,021,404	$501,329	$159,170
2022	$715,522	$929,093	$342,159	$-213,571
2021	$983,638	$881,623	$555,730	$102,015
2020	$717,769	$835,480	$453,715	$-117,711
2019	$885,050	$917,390	$571,426	$-32,340
2018	$967,096	$768,795	$603,766	$198,301

IOWA PROPANE EDUCATION AND RESEARCH COUNCIL