JO MCDONOUGH TRUST

EIN: 426061174 501(c)(3)

IOWA CITY, IA

Total Revenue
$106,660
Total Expenses
$120,007
Total Assets
$4,380,481
Net Assets
$4,380,181
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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
1952
Legal Domicile
IA
Principal Officer
MIDWESTONE BANK
Phone
3192485146
Tax Period
2024-01-01 to 2024-12-31

JO MCDONOUGH TRUST, founded in 1952, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 13% operating deficit.

Mission

SUPPORT THE AMERICAN NATIONAL RED CROSS.

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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 $0
Program Service Revenue $0
Investment Income $5,040
Other Revenue $101,620
TOTAL REVENUE $106,660

Expense Breakdown

Grants Paid $101,718
Salaries & Benefits $12,106
Fundraising Expenses $0
Program Expenses $101,718
Other Expenses $6,183
TOTAL EXPENSES $120,007

Year-over-Year Comparison

2024 2023 Change
Revenue $106,660 $146,416 -0.3%
Expenses $120,007 $102,536 +0.2%
Net Income $-13,347 $43,880 -1.3%
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
1
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIDWESTONE BANK TRUSTEE 3.00
$12,106 $0 $12,106
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 $106,660 $120,007 $4,380,481 $-13,347
2023 $146,416 $102,536 $4,531,078 $43,880
2022 $101,424 $91,870 $4,463,272 $9,554
2021 $95,330 $108,505 $4,453,718 $-13,175
2020 $97,174 $98,154 $3,417,123 $-980
2019 $92,861 $105,324 $3,418,103 $-12,463
2018 $90,677 $101,777 $3,367,956 $-11,100
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