MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK

EIN: 426278859 501(c)(3) Education

STORM LAKE, IA

Total Revenue
$364,570
Total Expenses
$192,202
Total Assets
$7,954,280
Net Assets
$7,954,280
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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
1978
Legal Domicile
IA
Phone
7127325440
Tax Period
2024-07-01 to 2025-06-30

MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK, founded in 1978, is a small nonprofit in the Education sector that reported $365K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $172K, a strong 47% operating margin.

Mission

TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR STUDENTS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.

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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 $364,570
Other Revenue $0
TOTAL REVENUE $364,570

Expense Breakdown

Grants Paid $139,657
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $139,657
Other Expenses $52,545
TOTAL EXPENSES $192,202

Year-over-Year Comparison

2024 2023 Change
Revenue $364,570 $304,178 +0.2%
Expenses $192,202 $218,570 -0.1%
Net Income $172,368 $85,608 +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

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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
N/A TRUSTEE 1.00
$0 $48,112 $48,112
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 $364,570 $192,202 $7,954,280 $172,368
2024 $304,178 $218,570 $7,781,912 $85,608
2023 $328,553 $195,522 $7,696,304 $133,031
2022 $338,851 $160,943 $7,563,273 $177,908
2021 $231,676 $165,232 $7,385,365 $66,444
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