ILPA SCHOLARSHIPS FOREVER INC (EIN 421485153) - 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

1999

Legal Domicile

Principal Officer

RANDY OLSON

Phone

5152628668

Tax Period

2022-07-01 to 2023-06-30

ILPA SCHOLARSHIPS FOREVER INC, founded in 1999, is a micro nonprofit in the Education sector that reported $50K in total revenue in fiscal year 2022. The organization ran a surplus of $26K, a strong 52% operating margin.

Mission

PROVIDING SCHOLARSHIPS TO DEPENDENTS OF EMPLOYEES OF THE MEMBERS OF THE IOWA LIMESTONE PRODUCERS ASSOCIATION, INC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,190

Program Service Revenue $0

Investment Income $3,677

Other Revenue $20,565

TOTAL REVENUE $50,432

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,000

Other Expenses $236

TOTAL EXPENSES $24,236

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,432	$52,283	0.0%
Expenses	$24,236	$17,834	+0.4%
Net Income	$26,196	$34,449	-0.2%

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

N/A

Volunteers

120

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

$124,771

Total Directors

$124,771

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY OLSON	EXECUTIVE DI	0.10	Officer Director	$0	$5,764	$124,771
ROB MANATT	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN DOCKERY	DIRECTOR	0.10	Director	$0	$0	$0
MIKE BUSH	DIRECTOR	0.10	Director	$0	$0	$0
SHAWN KRIVACHEK	DIRECTOR	0.10	Director	$0	$0	$0
CHUCK MANSON	DIRECTOR	0.10	Director	$0	$0	$0
ERIK AMUNSON	DIRECTOR	0.10	Director	$0	$0	$0
BEN SCHMIDTLEIN	DIRECTOR	0.10	Director	$0	$0	$0
BRAD HELMERSON	DIRECTOR	0.10	Director	$0	$0	$0
LINDSEY FALK LEFT FEBRUARY 2023	DIRECTOR	0.10	Director	$0	$0	$0
TERRY WINN LEFT FEBRUARY 2023	DIRECTOR	0.10	Director	$0	$0	$0
DAN JAYNES LEFT FEBRUARY 2023	DIRECTOR	0.10	Director	$0	$0	$0
TIM BAIER LEFT MAY 2023	DIRECTOR	0.10	Director	$0	$0	$0
TODD CLOCK	PRESIDENT	0.10	Officer Director	$0	$0	$0
GARY RANKIN	PRESIDENT EL	0.10	Officer Director	$0	$0	$0
KYLE TIMMER	PAST PRESIDE	0.10	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
2023	$50,432	$24,236	$539,060	$26,196
2022	$52,283	$17,834	$506,364	$34,449

ILPA SCHOLARSHIPS FOREVER INC