DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $206K exceeded revenue, resulting in a 43% operating deficit.
TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC IN ORDER TO PROVIDE FUNDS TO EACH MEMBER SCHOOL WHO THEN ALLOCATE THE FUNDS TO QUALIFYING FAMILIES PURSUANT TO IOWA CODE SECTION 422.11S.
IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION PROVIDED SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NON-PUBLIC K-12 SCHOOLS IN THE STATE OF IOWA WHICH ARE ACCREDITED UNDER IOWA CODE 256.11 AND ADHERES...
IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION PROVIDED SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NON-PUBLIC K-12 SCHOOLS IN THE STATE OF IOWA WHICH ARE ACCREDITED UNDER IOWA CODE 256.11 AND ADHERES TO THE PROVISIONS OF THE FEDERAL CIVIL RIGHTS ACT OF 1964 AND CHAPTER 216. AN "ELIGIBLE STUDENT" IS A STUDENT WHO IS A MEMBER OF A HOUSEHOLD WHOSE TOTAL ANNUAL INCOME DURING THE CALENDAR YEAR BEFORE THE STUDENT RECEIVES A TUITION GRANT DOES NOT EXCEED AN AMOUNT EQUAL TO FOUR TIMES THE MOST RECENTLY PUBLISHED FEDERAL POVERTY GUIDELINES IN THE FEDERAL REGISTER BY THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES.AS PROVIDED ON SCHEDULE I OF THIS FORM 990, THE ORGANIZATION DISTRIBUTED $202,748 IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIP DISTRIBUTIONS WERE MADE DIRECTLY TO 4 ACCREDITED, NON-PUBLIC SCHOOLS LOCATED IN THE STATE OF IOWA TO PROVIDE TUITION ASSISTANCE FOR STUDENTS FROM ELIGIBLE FAMILIES AS DESCRIBED ABOVE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $144,361 | $217,095 | -0.3% |
| Expenses | $206,498 | $321,678 | -0.4% |
| Net Income | $-62,137 | $-104,583 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEREMY OURS | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD BEALL | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| LAURA VALLS | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| THERESA BLOSSOM | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| KATIE EWING | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE BENINGA | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTIE STOVER | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| NATHAN OLSON | ADMINISTRATOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $144,361 | $206,498 | $162,684 | $-62,137 |
| 2022 | $217,095 | $321,678 | $224,821 | $-104,583 |
| 2021 | $341,249 | $158,329 | $329,404 | $182,920 |
| 2020 | $143,992 | $165,827 | $146,332 | $-21,835 |
| 2019 | $170,076 | $281,810 | $169,638 | $-111,734 |
| 2018 | $273,370 | $352,706 | $273,476 | $-79,336 |
Compare IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION INC with other nonprofits in Iowa and across the country.