Ankeny Instrumental Music Foundation Inc (EIN 421492924) - 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

Amy Yeager

Phone

5156397736

Tax Period

2024-01-01 to 2024-12-31

Ankeny Instrumental Music Foundation Inc, founded in 1999, is a micro nonprofit in the Education sector that reported $92K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $751K represent 97 months of operating reserves.

Mission

Education of band students at two high schools in Ankeny, IA The Foundation pays for certain expenses for instrumental music programs at the high schools.

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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 $87,333

Program Service Revenue $0

Investment Income $1,460

Other Revenue $3,660

TOTAL REVENUE $92,453

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,390

Other Expenses $98,055

TOTAL EXPENSES $99,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,453	$103,772	-0.1%
Expenses	$99,055	$104,011	0.0%
Net Income	$-6,602	$-239	+26.6%

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

300

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
Jen Schafer	President	0.50	Officer Director	$0	$0	$0
Tim Heine	Vice-President	0.50	Officer Director	$0	$0	$0
Jennifer Williams	Secretary	0.50	Officer Director	$0	$0	$0
Amy Yeager	Treasurer	1.00	Officer Director	$0	$0	$0
Kelly Weber	Director	0.50	Director	$0	$0	$0
Scott Hook	Director	0.50	Director	$0	$0	$0
Jill Urich	Director	0.50	Director	$0	$0	$0
Kelly Heuton	Director	0.50	Director	$0	$0	$0
Jennifer Stapleton	Director	0.50	Director	$0	$0	$0
Darin Leach	Director	0.50	Director	$0	$0	$0
Brogan Kearney	Director	0.50	Director	$0	$0	$0
Justin Duffy	Director	0.50	Director	$0	$0	$0
Roxi Beck	Director	0.50	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	$92,453	$99,055	$751,841	$-6,602
2023	$103,772	$104,011	$685,062	$-239
2022	$76,093	$91,809	$668,267	$-15,716
2021	$67,650	$55,015	$696,011	$12,635
2020	$37,080	$28,660	$638,040	$8,420
2019	$96,538	$59,549	$590,362	$36,989

Ankeny Instrumental Music Foundation Inc