IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION INC (EIN 611540449) - 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

2007

Legal Domicile

Principal Officer

JEREMY OURS

Phone

5153144034

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $144,340

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $144,361

Expense Breakdown

Grants Paid $202,748

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,748

Other Expenses $3,750

TOTAL EXPENSES $206,498

Year-over-Year Comparison

	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%

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
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

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	$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

IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION INC