IOWA LAW SCHOOL FOUNDATION

EIN: 426074234 501(c)(3) Education

IOWA CITY, IA

Total Revenue
$2,218,772
Total Expenses
$6,643,581
Total Assets
$106,369,322
Net Assets
$106,246,847
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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
1980
Legal Domicile
IA
Phone
3193353305
Tax Period
2023-07-01 to 2024-06-30

IOWA LAW SCHOOL FOUNDATION, founded in 1980, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $6.6M exceeded revenue, resulting in a 199% operating deficit.

Mission

THE IOWA LAW SCHOOL FOUNDATION PROVIDES THE UNIVERSITY OF IOWA COLLEGE OF LAW WITH A MARGIN OF DISTINCTION IN FULFILLING ITS MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND SERVICES BY MAINTAINING FUNDS TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME AND/OR PRINCIPAL EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,103,496
Program Service Revenue $0
Investment Income $115,276
Other Revenue $0
TOTAL REVENUE $2,218,772

Expense Breakdown

Grants Paid $6,420,963
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,444,011
Other Expenses $222,618
TOTAL EXPENSES $6,643,581

Year-over-Year Comparison

2023 2022 Change
Revenue $2,218,772 $1,523,885 +0.5%
Expenses $6,643,581 $5,721,915 +0.2%
Net Income $-4,424,809 $-4,198,030 +0.1%
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
42
Independent Members
42
Employees
N/A
Volunteers
42

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
5
$0
Total Directors
42
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER/DIRECTOR 5.0
Officer Director
$0 $0 $0
N/A SECRETARY/DIRECTOR 5.0
Officer Director
$0 $0 $0
N/A VICE PRESIDENT/DIRECTOR 5.0
Officer Director
$0 $0 $0
N/A PRESIDENT/DIRECTOR 5.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A ASSISTANT TREASURER 5.0
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 $2,218,772 $6,643,581 $106,369,322 $-4,424,809
2023 $1,523,885 $5,721,915 $100,588,535 $-4,198,030
2022 $5,713,671 $3,981,204 $101,085,469 $1,732,467
2021 $1,224,931 $3,279,463 $99,025,722 $-2,054,532
2020 $3,372,698 $4,713,503 $79,252,303 $-1,340,805
2019 $1,916,893 $4,823,190 $85,239,597 $-2,906,297
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