Iowa Legal Aid Foundation (EIN 721597019) - 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

2005

Legal Domicile

Phone

5152432151

Tax Period

2024-01-01 to 2024-12-31

Iowa Legal Aid Foundation, founded in 2005, is a small nonprofit in the Crime & Legal sector that reported $665K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO SUPPORT THE PROVISION OF LEGAL SERVICES TO LOW-INCOME IOWANS THOUGH CONTRIBUTIONS TO IOWA LEGAL AID.

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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 (2024)

Revenue Breakdown

Contributions & Grants $627,908

Program Service Revenue $0

Investment Income $45,933

Other Revenue $-9,064

TOTAL REVENUE $664,777

Expense Breakdown

Grants Paid $668,061

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $668,061

Other Expenses $16,517

TOTAL EXPENSES $684,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$664,777	$717,972	-0.1%
Expenses	$684,578	$767,439	-0.1%
Net Income	$-19,801	$-49,467	-0.6%

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

$344,530

Total Directors

$192,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA R HUGHES	TREASURER	1.0	Officer Director	$0	$0	$0
NICHOLAS SMITHBERG	EXECUTIVE DIRECTOR	4.0	Officer Director	$0	$48,706	$192,365
ONNA HOUCK	PRESIDENT	1.0	Officer Director	$0	$0	$0
SARA STRAIN LINDER	SECRETARY	1.0	Officer Director	$0	$0	$0
SUZAN STEWART	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
ANGELA REIER	DIRECTOR	1.0	Director	$0	$0	$0
ANJELA A SHUTTS	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER J JESSEN	DIRECTOR	1.0	Director	$0	$0	$0
DAVID L BROWN	DIRECTOR	1.0	Director	$0	$0	$0
DAVID W CREASEY	DIRECTOR	1.0	Director	$0	$0	$0
EDWARD J GALLAGHER III	DIRECTOR	1.0	Director	$0	$0	$0
ERIN NATHAN	DIRECTOR	1.0	Director	$0	$0	$0
GARY STREIT	DIRECTOR	1.0	Director	$0	$0	$0
GREG KENYON	DIRECTOR	1.0	Director	$0	$0	$0
JENNIFER E LINDBERG	DIRECTOR	1.0	Director	$0	$0	$0
JOHN C PIETILA	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT WATERMAN	DIRECTOR	1.0	Director	$0	$0	$0
SEAN SOLBERG	DIRECTOR	1.0	Director	$0	$0	$0
THAD MURPHY	DIRECTOR	1.0	Director	$0	$0	$0
TIMOTHY J KRUMM	DIRECTOR	1.0	Director	$0	$0	$0
WILLARD L BOYD III	DIRECTOR	1.0	Director	$0	$0	$0
KELLY MEINERS	CFO	4.0	Officer	$0	$35,149	$152,165

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	$664,777	$684,578	$1,539,913	$-19,801
2023	$717,972	$767,439	$1,597,714	$-49,467
2022	$955,546	$909,749	$1,516,494	$45,797
2021	$712,548	$764,816	$1,409,169	$-52,268
2020	$481,732	$504,500	$1,606,647	$-22,768
2019	$466,837	$565,421	$1,230,188	$-98,584
2018	$583,720	$636,249	$1,283,497	$-52,529

Iowa Legal Aid Foundation