IOWA HIGH SCHOOL MUSIC ASSOCIATION

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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

1923

Legal Domicile

Principal Officer

THAD DRISKELL

Phone

5154322013

Tax Period

2024-07-01 to 2025-06-30

IOWA HIGH SCHOOL MUSIC ASSOCIATION, founded in 1923, is a small nonprofit in the Arts, Culture & Humanities sector that reported $848K in total revenue in fiscal year 2024. Expenses of $754K left a modest 11% surplus.

Mission

TO ESTABLISH CRITERIA AND STANDARDS FOR MUSICAL PERFORMANCES THAT INSURE THE MUSICAL/EDUCATIONAL INTEGRITY OF IOWA HIGH SCHOOLS ALONG WITH ADMINISTER AND REGULATE STATE-WIDE MUSICAL FESTIVALS WHICH PROVIDE MUSICAL OPPORTUNITIES FOR THE STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $446,037 Revenue: $815,430

THE ASSOCIATION ADMINISTERS AND ORGANIZES HIGH SCHOOL MUSIC FESTIVALS TO ENCOURAGE VOCAL AND INSTRUMENTAL PARTICIPATION AMONG STUDENTS IN IOWA HIGH SCHOOLS.

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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 $8,675

Program Service Revenue $815,430

Investment Income $9,569

Other Revenue $14,099

TOTAL REVENUE $847,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $446,037

Other Expenses $754,403

TOTAL EXPENSES $754,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,773	$836,301	+0.0%
Expenses	$754,403	$790,418	0.0%
Net Income	$93,370	$45,883	+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

N/A

Volunteers

3153

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER MCKAY	TREASURER	0.50	Officer Director	$0	$0	$0
TONY ALYSWORTH	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
DAVID HEUPEL	PRESIDENT	0.50	Officer Director	$0	$0	$0
THAD DRISKELL	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
JASON LEVENHAGEN	DIRECTOR	0.25	Director	$0	$0	$0
MIKE MULDER	DIRECTOR	0.25	Director	$0	$0	$0
MIKE STITTSWORTH	DIRECTOR	0.25	Director	$0	$0	$0
DANI TRIMBLE	DIRECTOR	0.25	Director	$0	$0	$0
JARROD ODONNELL	DIRECTOR	0.25	Director	$0	$0	$0
KIM HANSEN	DIRECTOR	0.25	Director	$0	$0	$0
TIM MCCONNAUHEY	DIRECTOR	0.25	Director	$0	$0	$0
SHAWNA DUMBAUGH	DIRECTOR	0.25	Director	$0	$0	$0
JAMES CRAIG	DIRECTOR	0.25	Director	$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	$847,773	$754,403	$476,405	$93,370
2024	$836,301	$790,418	$360,058	$45,883
2023	$747,005	$756,794	$302,048	$-9,789
2022	$704,627	$777,461	$289,886	$-72,834
2021	$372,570	$456,361	$433,174	$-83,791
2020	$394,967	$477,555	$462,874	$-82,588
2019	$830,206	$793,707	$527,979	$36,499