IOWA GREAT LAKES FOUNDATION

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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

2012

Legal Domicile

Principal Officer

CHUCK LARSON

Phone

5152888508

Tax Period

2023-01-01 to 2023-12-31

IOWA GREAT LAKES FOUNDATION, founded in 2012, is a small nonprofit in the Environment sector that reported $269K in total revenue in fiscal year 2023. Revenue surged 1419% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 99% operating margin.

Mission

TO PRESERVE AND ENHANCE THE WATER AND AIR QUALITY OF THE IOWA GREAT LAKES, SITUATED IN DICKINSON COUNTY, IOWA, TO PROTECT THE IOWA GREAT LAKES FROM WATER AND AIR POLLUTION AND RELATED ENVIRONMENTAL CONCERNS, TO PRESERVE THE IOWA GREAT LAKES AS A UNIQUE PUBLIC NATURAL RESOURCE AND TO FOSTER HEALTH, QUALITY OF LIFE AND ECONOMIC STABILITY OF THE IOWA GREAT LAKES AND ENVIRONS.

Program Service Accomplishments

Program 1

DEFENDING THE IOWA GREAT LAKES BY WORKING TOGETHER WITH OTHER LAKE PROTECTIVE ORGANIZATIONS, THE DEPARTMENT OF NATURAL RESOURCES, STATE LEGISLATORS AND LOCAL COUNTY ELECTED OFFICIALS TO OVERCOME...

DEFENDING THE IOWA GREAT LAKES BY WORKING TOGETHER WITH OTHER LAKE PROTECTIVE ORGANIZATIONS, THE DEPARTMENT OF NATURAL RESOURCES, STATE LEGISLATORS AND LOCAL COUNTY ELECTED OFFICIALS TO OVERCOME CONSERVATION AND ENVIRONMENTAL CHALLENGES THAT WOULD NEGATIVELY IMPACT THE LAKES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $258,097

Program Service Revenue $0

Investment Income $11,298

Other Revenue $0

TOTAL REVENUE $269,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,414

TOTAL EXPENSES $1,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,395	$17,737	+14.2%
Expenses	$1,414	$1,025	+0.4%
Net Income	$267,981	$16,712	+15.0%

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

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
BEN GRAHAM	TRUSTEE	2.50	Director	$0	$0	$0
WILLIAM VAN ORSDEL JR	TRUSTEE	2.50	Director	$0	$0	$0
MONTE MATZ	SECRETARY/TR	2.50	Officer Director	$0	$0	$0
WILLIAM A VAN ORSDEL	PRESIDENT	2.50	Officer Director	$0	$0	$0
CHUCK LARSON	CHAIR	2.50	Officer 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
2024	No data	No data	No data	No data
2023	$269,395	$1,414	$512,223	$267,981