HEART OF IOWA REGIONAL HOUSING TRUST FUND (EIN 830765193) - 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

2018

Legal Domicile

Principal Officer

PAIGE WHEELER

Phone

5155764551

Tax Period

2024-07-01 to 2025-06-30

HEART OF IOWA REGIONAL HOUSING TRUST FUND, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $707K in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE DEVELOPMENT AND/OR PRESERVATION OF AFFORDABLE HOUSING FOR ELIGIBLE LOW INCOME RECIPIENTS

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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 $671,860

Program Service Revenue $35,093

Investment Income $270

Other Revenue $0

TOTAL REVENUE $707,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $681,236

Other Expenses $686,695

TOTAL EXPENSES $686,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$707,223	$696,539	+0.0%
Expenses	$686,695	$709,806	0.0%
Net Income	$20,528	$-13,267	-2.5%

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
NATHAN MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM ALSTOTT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEREMIAH CONDON	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY WEARDA	SECRETARY	1.00	Officer Director	$0	$0	$0
KADEN MCCLINTOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
KARLA WETZLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL ELY	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN VRZAK	TREASURER	1.00	Officer Director	$0	$0	$0
ARIEL BERTRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HOPE RADKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DARREL STEVEN CARLYLE	BOARD MEMBER	1.00	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
2025	$707,223	$686,695	$173,258	$20,528
2024	$696,539	$709,806	$152,730	$-13,267
2023	$377,850	$321,252	No data	$56,598
2022	$234,264	$164,678	$126,350	$69,586
2021	$132,428	$92,607	$56,764	$39,821
2020	$183,825	$207,707	$16,943	$-23,882

HEART OF IOWA REGIONAL HOUSING TRUST FUND