IOWA STATE UNIVERSITY ALUMNI ASSOCIATION (EIN 426062614) - 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

1878

Legal Domicile

Principal Officer

SHANNON FOOTE

Phone

5152945085

Tax Period

2024-07-01 to 2025-06-30

IOWA STATE UNIVERSITY ALUMNI ASSOCIATION, founded in 1878, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Expenses of $5.3M exceeded revenue, resulting in a 48% operating deficit.

Mission

TO FACILITATE THE LIFETIME CONNECTION OF ALUMNI, STUDENTS, AND FRIENDS WITH THE UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,268,697

Program Service Revenue $1,327,494

Investment Income $105,449

Other Revenue $879,523

TOTAL REVENUE $3,581,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,197,113

Fundraising Expenses $409,068

Program Expenses $3,643,540

Other Expenses $2,102,481

TOTAL EXPENSES $5,299,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,581,163	$3,605,594	0.0%
Expenses	$5,299,594	$4,461,682	+0.2%
Net Income	$-1,718,431	$-856,088	+1.0%

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

Volunteers

204

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

$564,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY W JOHNSON	CEO - END JUNE 2025	40.00	Officer	$291,240	$48,812	$340,052
SHANNON FOOTE	ACTING CEO - START JUNE 2025	40.00	Officer	$120,029	$21,427	$141,456
AMY CRABBS	VP OF FINANCE - END AUGUST 2024	40.00	Officer	$60,364	$22,327	$82,691
CHAD HARRIS	CHAIR	4.00	Officer Director	$0	$0	$0
ANDREA L FELLOWS	VICE CHAIR OF RECORDS	2.00	Officer Director	$0	$0	$0
GAYLE STRONG FARRELL	VICE CHAIR OF FINANCE	2.00	Officer Director	$0	$0	$0
CATHY MCCALL SCHMIDT	PAST CHAIR	2.00	Officer Director	$0	$0	$0
KATHY DAVIES TAYLOR	CHAIR-ELECT	4.00	Officer Director	$0	$0	$0
BONNIE WHALEN	TREASURER	2.00	Officer	$0	$0	$0
MACKENZY RUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BRADY	BOARD MEMBER - END MAY 2025	1.00	Director	$0	$0	$0
DANIEL P BUMBLAUSKAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA DEJONG	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN D DOWNING	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON M FLINN	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL GEILENFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
TREY N HEMMINGSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRYL HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK A KAESTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL J KIRPES	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY L KNUPP	BOARD MEMBER	1.00	Director	$0	$0	$0
TRENT MIDDENDORF	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ROOF	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITTNEY RUTHERFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA P SCHNURR	BOARD MEMBER	1.00	Director	$0	$0	$0
MEG SCHON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIE SIGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY L WINGERTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT TJADEN	ACTING CEO - MARCH - JUNE 2025	40.00	Officer	$0	$0	$0
AMY YEAGER	DIRECTOR OF FINANCE - START JANUARY 2025	40.00	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	$3,581,163	$5,299,594	$21,257,737	$-1,718,431
2024	No data	No data	No data	No data
2023	$3,798,462	$4,250,370	$20,583,661	$-451,908
2022	$3,613,244	$3,930,985	$19,372,302	$-317,741
2021	$6,798,106	$3,593,289	$19,972,883	$3,204,817
2020	$3,628,466	$4,179,812	$14,912,934	$-551,346
2019	$4,148,414	$4,261,654	$14,175,975	$-113,240

IOWA STATE UNIVERSITY ALUMNI ASSOCIATION