INTERNATIONAL HARVESTER COLLECTORS CHAPTER INC (EIN 421509181) - 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

2009

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

INTERNATIONAL HARVESTER COLLECTORS CHAPTER INC