UNIVERSITY OF NORTHERN IOWA FOUNDATION (EIN 426058591) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

JIM JERMIER

Phone

3192737118

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF NORTHERN IOWA FOUNDATION, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $54.3M in total revenue in fiscal year 2022. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29.7M, a strong 55% operating margin.

Mission

SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA BY SOLICTING AND MANAGING GIFTS TO SUPPORT THE UNIVERSITY'S EDUCATION , RESEARCH & SCIENTIFIC ACTIVITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $50,581,309

Program Service Revenue $0

Investment Income $3,535,809

Other Revenue $155,536

TOTAL REVENUE $54,272,654

Expense Breakdown

Grants Paid $9,189,653

Salaries & Benefits $6,805,553

Fundraising Expenses $4,479,511

Program Expenses $16,824,040

Other Expenses $8,230,627

TOTAL EXPENSES $24,542,604

Year-over-Year Comparison

	2022	2021	Change
Revenue	$54,272,654	$39,233,728	+0.4%
Expenses	$24,542,604	$24,028,203	+0.0%
Net Income	$29,730,050	$15,205,525	+1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$523,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM JERMIER	BOARD PRESIDENT	40.00	Officer	$237,116	$49,744	$286,860
NOREEN HERMANSEN	VP FOR PRINCIPAL GIFTS	40.00	Highest	$153,530	$28,107	$181,637
STEVE GEARHART	ASSOCIATE VP FOR ADVANCEME	40.00	Highest	$138,165	$37,762	$175,927
NATE CLAPHAM	ASSISTANT VP COLLEGIATE DE	40.00	Highest	$109,770	$35,721	$145,491
STACY ROBINSON	BOARD TREASURER	40.00	Officer	$119,899	$24,630	$144,529
LESLIE PRIDEAUX	AVP ALUMNI RELATIONS	40.00	Highest	$105,364	$31,712	$137,076
HILLERY OBERLE	AVP OF STRATEGY, COMMUN/CA	40.00	Highest	$109,121	$23,148	$132,269
MEGAN STULL	BOARD SECRETARY	40.00	Officer	$82,973	$9,043	$92,016
LINDA COOK	CHAIR	1.00	Officer Director	$0	$0	$0
LARRY FOX	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL ARMBRECHT	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
JAN BITTNER	TRUSTEE	1.00	Director	$0	$0	$0
BOB BOWLSBY	TRUSTEE	1.00	Director	$0	$0	$0
CARL BOYD	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET BRADFORD	TRUSTEE THRU 10/31	1.00	Director	$0	$0	$0
DON COFFIN	TRUSTEE	1.00	Director	$0	$0	$0
MARY COFFIN	TRUSTEE	1.00	Director	$0	$0	$0
DAN FICK	TRUSTEE	1.00	Director	$0	$0	$0
JORGEN HEIDEMAN	TRUSTEE	1.00	Director	$0	$0	$0
TIM HURLEY	TRUSTEE THRU 10/31	1.00	Director	$0	$0	$0
RICH JAMES	TRUSTEE	1.00	Director	$0	$0	$0
GUANG JIN	TRUSTEE THRU 10/31	1.00	Director	$0	$0	$0
LYNN KING	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN KOCH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MASON	TRUSTEE	1.00	Director	$0	$0	$0
JIM MUDD II	TRUSTEE	1.00	Director	$0	$0	$0
KATIE MULLHOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
MARK NOOK	TRUSTEE	2.00	Director	$0	$0	$0
MARK OMAN	TRUSTEE THRU 10/31	1.00	Director	$0	$0	$0
GRACE PETRZELKA	STUDENT TRUSTEE	1.00	Director	$0	$0	$0
RICHARD REDFERN	TRUSTEE	1.00	Director	$0	$0	$0
DUANE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT SOFIER	TRUSTEE	1.00	Director	$0	$0	$0
SANDY STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
KERRY SUTHERLAND	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TAKES	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WALLER	TRUSTEE THRU 10/31	1.00	Director	$0	$0	$0
BOBBIE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
MIKE YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HAGER	BOARD VICE PRESIDENT	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$54,272,654	$24,542,604	$266,354,736	$29,730,050
2022	$39,233,728	$24,028,203	$224,185,175	$15,205,525
2020	$31,725,389	$18,242,204	$173,378,893	$13,483,185
2019	$21,635,043	$19,517,464	$161,829,359	$2,117,579
2018	$20,585,018	$20,349,951	$159,198,877	$235,067

UNIVERSITY OF NORTHERN IOWA FOUNDATION