PROJECT IOWA (EIN 800731028) - 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

2014

Legal Domicile

Principal Officer

JULIE FUGENSCHUH

Phone

5152801274

Tax Period

2024-07-01 to 2025-06-30

PROJECT IOWA, founded in 2014, is a small nonprofit in the Human Services sector that reported $717K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $994K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO FACILITATE INDIVIDUAL TRANSFORMATION THAT CONNECTS PEOPLE TO THEIR PURPOSE AND PROVIDES CAREER GUIDANCE TO OBTAIN MEANINGFUL AND STABLE EMPLOYMENT.

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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 $639,550

Program Service Revenue $0

Investment Income $42,567

Other Revenue $35,287

TOTAL REVENUE $717,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $734,378

Fundraising Expenses $35,694

Program Expenses $821,627

Other Expenses $259,744

TOTAL EXPENSES $994,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,404	$1,071,447	-0.3%
Expenses	$994,122	$999,974	0.0%
Net Income	$-276,718	$71,473	-4.9%

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

Volunteers

100

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

$126,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT MIDDENDORF	PRESIDENT	2.00	Officer Director	$0	$0	$0
NOAH BEACOM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICIA LEACH	TREASURER	1.00	Officer Director	$0	$0	$0
RICK LEVI	SECRETARY	1.00	Officer Director	$0	$0	$0
SHILPI SINGHAL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KIM ESTES-GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
LARAE STINSON	DIRECTOR	1.00	Director	$0	$0	$0
NIKI HINTON	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY DUFFORD	EX-OFFICIO	1.00	Director	$0	$0	$0
ANA LUONG	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WOERDEHOFF	DIRECTOR	1.00	Director	$0	$0	$0
CARYN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE FUGENSCHUH	EXECUTIVE DIRECTOR	40.00	Officer	$123,092	$3,692	$126,784

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
2025	$717,404	$994,122	$1,892,979	$-276,718
2024	$1,071,447	$999,974	$2,155,165	$71,473
2023	$884,038	$869,903	$2,239,076	$14,135
2022	$492,269	$614,948	$427,478	$-122,679
2021	$653,913	$637,350	$612,355	$16,563
2020	$696,399	$643,607	$595,194	$52,792
2019	$720,354	$683,048	$192,811	$37,306
2018	$548,900	$525,332	$154,421	$23,568

PROJECT IOWA