INTERNATIONAL HARVESTER COLLECTORS CHAPTER INC

EIN: 421509181 501(c)(3) Arts, Culture & Humanities

CEDAR RAPIDS, IA

Total Revenue
$33,877
Total Expenses
$37,768
Total Assets
$104,339
Net Assets
$104,339
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IA
Principal Officer
KAREN FRANKS
Phone
3193623851
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL HARVESTER COLLECTORS CHAPTER INC, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $34K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $38K exceeded revenue, resulting in a 11% operating deficit.

Mission

PRESERVE IOWA AGRICULTURE HISTORY AND THE TRADITION OF THE INTERNATIONAL HARVESTOR COMPANY'S TRACTORS AND RELATED EQUIPMENT.

Program Service Accomplishments

Program 1
Expenses: $37,768 Revenue: $27,233

PROMOTION OF THE INTERNATIONAL HARVESTOR TRACTORS AND RELATED EQUIPMENT BY PREPARING QUARTERLY NEWSLETTERS AND MEETINGS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,233
Program Service Revenue $0
Investment Income $2,861
Other Revenue $3,783
TOTAL REVENUE $33,877

Expense Breakdown

Grants Paid $14,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,768
Other Expenses $23,468
TOTAL EXPENSES $37,768

Year-over-Year Comparison

2023 2022 Change
Revenue $33,877 $24,203 +0.4%
Expenses $37,768 $30,913 +0.2%
Net Income $-3,891 $-6,710 -0.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB GIHRING PRESIDENT 1.00
Officer Director
$0 $0 $0
CRAIG WESSELS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL SCHAEFER SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN FRANKS TREASURER 3.00
Officer Director
$0 $0 $0
JEFF ELDRED BOARD MEMBER N/A
Director
$0 $0 $0
AARON WADE BOARD MEMBER N/A
Director
$0 $0 $0
CLAUDE REEVES BOARD MEMBER N/A
Director
$0 $0 $0
ROB ELDRED BOARD MEMBER N/A
Director
$0 $0 $0
DAVE NELSON BOARD MEMBER N/A
Director
$0 $0 $0
DENNY HAMMER BOARD MEMBER N/A
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 $33,877 $37,768 $104,339 $-3,891
2022 $24,203 $30,913 $109,378 $-6,710
2021 $20,024 $32,013 $123,288 $-11,989
2020 $15,040 $22,094 $135,277 $-7,054
2019 $23,250 $31,254 $142,331 $-8,004
2018 $25,628 $40,860 $150,335 $-15,232
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