FOREST CITY EDUCATION FOUNDATION

EIN: 421511192 501(c)(3) Education

FOREST CITY, IA

Total Revenue
$721,775
Total Expenses
$594,621
Total Assets
$3,808,552
Net Assets
$3,807,561
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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
2000
Legal Domicile
IA
Principal Officer
RAYMOND BEEBE
Phone
6415850005
Tax Period
2024-07-01 to 2025-06-30

FOREST CITY EDUCATION FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $722K in total revenue in fiscal year 2024. The organization ran a surplus of $127K, a strong 18% operating margin.

Mission

TO PROVIDE GRANTS AND SCHOLARSHIPS TO FOREST CITY HIGH SCHOOL GRADUATES PURSUING HIGHER EDUCATION AT ACCREDITED INSTITUTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $420,065
Program Service Revenue $0
Investment Income $243,983
Other Revenue $57,727
TOTAL REVENUE $721,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,522
Fundraising Expenses $23,759
Program Expenses $507,738
Other Expenses $532,099
TOTAL EXPENSES $594,621

Year-over-Year Comparison

2024 2023 Change
Revenue $721,775 $730,718 0.0%
Expenses $594,621 $641,678 -0.1%
Net Income $127,154 $89,040 +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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Governance

Voting Members
15
Independent Members
15
Employees
2
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
RAYMOND BEEBE PRESIDENT 2.00
Officer
$0 $0 $0
DAVID ARNDT TREASURER 2.00
Officer
$0 $0 $0
PAT LOVIK BOARD MEMBER 2.00
Director
$0 $0 $0
TRISTA HELM BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY FRERICHS BOARD MEMBER 1.00
Director
$0 $0 $0
CODY HENNIGAR BOARD MEMBER 1.00
Director
$0 $0 $0
DUANE POLSDOFER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MEINDERS BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY CARTER SECRETARY 2.00
Officer
$0 $0 $0
RON LICHTSINN BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLA NIESS BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER DUENOW BOARD MEMBER 1.00
Director
$0 $0 $0
AMY RYAN VICE-PRESIDE 1.00
Officer
$0 $0 $0
DEREK ZIESMER BOARD MEMBER 1.00
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
2025 $721,775 $594,621 $3,808,552 $127,154
2024 $730,718 $641,678 $3,426,882 $89,040
2023 $520,436 $522,538 $3,053,754 $-2,102
2022 $684,990 $481,839 $2,834,027 $203,151
2021 $1,043,893 $411,852 $3,160,005 $632,041
2020 $476,134 $374,066 $2,057,961 $102,068
2019 $663,550 $423,325 $1,971,360 $240,225
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