TERRACE HILL SOCIETY FOUNDATION (EIN 510168173) - 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

1975

Legal Domicile

Principal Officer

TIMOTHY ANDERSON

Phone

6419232769

Tax Period

2023-07-01 to 2024-06-30

TERRACE HILL SOCIETY FOUNDATION, founded in 1975, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 197% operating deficit.

Mission

THE PURPOSE OF THE FOUNDATION IS TO FACILITATE THE CONTINUING AND SUSTAINING SUPPORT FOR THE RESTORATION, PRESERVATION AND IMPROVEMENT OF THE INTERIOR AND EXTERIOR OF THE BUILDING, THE COLLECTION AND THE GROUNDS SITUATED IN THE CITY OF DES MOINES, IOWA KNOWN AS "TERRACE HILL" IN A NONPARTISAN AND IMPARTIAL MANNER AND TO COORDINATE WITH THE TERRACE HILL COMMISSION, THE EXECUTIVE AND LEGISLATIVE BRANCHES OF THE STATE OF IOWA AND OTHERS IN ACHIEVING THESE PURPOSES AND IN SO DOING TO ASSIST THE STATE OF IOWA AND ITS CITIZENS IN PRESERVING AND IMPROVING THIS VALUABLE STATE ASSET.

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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 $5,330

Program Service Revenue $0

Investment Income $3,078

Other Revenue $0

TOTAL REVENUE $8,408

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,290

Other Expenses $23,449

TOTAL EXPENSES $24,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,408	$23,936	-0.6%
Expenses	$24,949	$42,738	-0.4%
Net Income	$-16,541	$-18,802	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE HAPPE	PRESIDENT	0.50	Officer Director	$0	$0	$0
GLORIA FILEAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BARBARA MCROBERTS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM PAGE	SECRETARY	0.50	Officer Director	$0	$0	$0
TIM ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
ELAINE ESTES	MEMBER	0.50	Director	$0	$0	$0
MARY MANATT	MEMBER	0.50	Director	$0	$0	$0
MARY JEAN PASCHEN	MEMBER	0.50	Director	$0	$0	$0
MARTHA RASMUSSEN	MEMBER	0.50	Director	$0	$0	$0
SUE LUNDBERG SLATER	MEMBER	0.50	Director	$0	$0	$0
DEBBIE THORNTON	MEMBER	0.50	Director	$0	$0	$0
WALLACE BROWN	MEMBER	0.50	Director	$0	$0	$0
FAY GISH HILL	MEMBER	0.50	Director	$0	$0	$0
WILLIAM SHERMAN	MEMBER	0.50	Director	$0	$0	$0
SANDRA WINDSOR	MEMBER	0.50	Director	$0	$0	$0
ARDEN BORGEN	MEMBER	0.50	Director	$0	$0	$0
VICKI BAKER	MEMBER	0.50	Director	$0	$0	$0
CECELIA DAY	MEMBER	0.50	Director	$0	$0	$0
L SAM HOLDEN	MEMBER	0.50	Director	$0	$0	$0
DAWN ROBERTS	MEMBER	0.50	Director	$0	$0	$0
KURT ARENDS	MEMBER	0.50	Director	$0	$0	$0
DARLENE BLAKE BEERS	MEMBER	0.50	Director	$0	$0	$0
WILLIAM D SCHERLE	MEMBER	0.50	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	$8,408	$24,949	$1,764,236	$-16,541
2023	$23,936	$42,738	$1,605,072	$-18,802
2022	$6,636	$30,502	$1,576,856	$-23,866
2021	$6,334	$18,561	$1,712,987	$-12,227
2020	$9,295	$15,739	$1,561,857	$-6,444
2019	$13,102	$24,461	$1,575,565	$-11,359

TERRACE HILL SOCIETY FOUNDATION