IEC HOTEL CORPORATION (EIN 474344802) - 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

2015

Legal Domicile

Principal Officer

GERARD D NEUGENT

Phone

5152225201

Tax Period

2023-01-01 to 2023-12-31

IEC HOTEL CORPORATION, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $24.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.8M left a modest 6% surplus.

Mission

ACQUISITION AND OPERATION OF A CONVENTION CENTER HOTEL FOR THE BENEFIT OF POLK COUNTY, IOWA.

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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 $1,887,220

Program Service Revenue $21,782,834

Investment Income $456,691

Other Revenue $0

TOTAL REVENUE $24,126,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,485,732

Other Expenses $22,753,691

TOTAL EXPENSES $22,753,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,126,745	$21,731,284	+0.1%
Expenses	$22,753,691	$21,136,960	+0.1%
Net Income	$1,373,054	$594,324	+1.3%

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
GERARD D NEUGENT	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL GALLOWAY	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
ALLEN MCKINLEY	TREASURER	2.50	Officer Director	$0	$0	$0
ADAM KADUCE	SECRETARY	2.50	Officer Director	$0	$0	$0
GRANT FRIESTH	DIRECTOR	2.50	Director	$0	$0	$0
ANNETTE RENAUD	DIRECTOR	2.50	Director	$0	$0	$0
MARK WANDRO	DIRECTOR	2.50	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	$24,126,745	$22,753,691	$103,029,520	$1,373,054
2022	$21,731,284	$21,136,960	$104,696,364	$594,324
2021	$16,531,928	$18,297,914	$103,529,195	$-1,765,986
2020	$7,998,002	$17,194,423	$102,427,316	$-9,196,421
2019	$20,403,080	$23,331,723	$108,611,835	$-2,928,643
2018	$34,457,975	$14,730,292	$112,582,696	$19,727,683

IEC HOTEL CORPORATION