AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION (EIN 421515420) - 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

2001

Legal Domicile

Principal Officer

JOAN OBRIEN

Phone

5152628323

Tax Period

2023-10-01 to 2024-09-30

AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION, founded in 2001, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $92K in total revenue in fiscal year 2023. Expenses of $227K exceeded revenue, resulting in a 147% operating deficit.

Mission

AGRICULTURAL EDUCATION & RESEARCH

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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 $70,763

Program Service Revenue $0

Investment Income $1,145

Other Revenue $20,032

TOTAL REVENUE $91,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $226,639

TOTAL EXPENSES $226,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,940	$91,771	+0.0%
Expenses	$226,639	$221,786	+0.0%
Net Income	$-134,699	$-130,015	+0.0%

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

$14,693

Total Directors

$14,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WHITE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHELLY KRUSE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
AL MUHLENBRUCK	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JOEL NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
KENT BENNIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN DRURY	FOUNDATION REP	1.00	Officer Director	$0	$0	$0
JULIE KENNEY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$517	$14,693

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	$91,940	$226,639	$3,919,759	$-134,699
2023	$91,771	$221,786	$4,034,397	$-130,015
2022	$152,763	$271,035	$4,385,367	$-118,272
2021	$88,134	$53,664	$4,643,775	$34,470
2019	$820,580	$25,569	$2,471,450	$795,011
2018	$366,256	$18,760	$1,319,167	$347,496

AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION