MBI-WORKS ENDOWMENT (EIN 833071868) - 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

2019

Legal Domicile

Principal Officer

CHAD KLEPPE

Phone

5156574397

Tax Period

2023-11-01 to 2024-10-31

MBI-WORKS ENDOWMENT, founded in 2019, is a small nonprofit that reported $126K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $5.9M exceeded revenue, resulting in a 4587% operating deficit.

Mission

TO SUPPORT, ADVANCE, AND CREATE INTEREST IN CAREERS, EDUCATION AND WORKFORCE DEVELOPMENT FOR THE IOWA COMMERCIAL CONSTRUCTION INDUSTRY.

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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 $0

Program Service Revenue $0

Investment Income $126,160

Other Revenue $0

TOTAL REVENUE $126,160

Expense Breakdown

Grants Paid $5,759,990

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,913,251

Other Expenses $153,261

TOTAL EXPENSES $5,913,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,160	$245,564	-0.5%
Expenses	$5,913,251	$260,901	+21.7%
Net Income	$-5,787,091	$-15,337	+376.3%

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

$453,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD KLEPPE	PRESIDENT/CEO	1.00	Officer	$0	$21,070	$283,229
LAURIE DELMOTT	COO	1.00	Officer	$0	$16,378	$170,424
MIKE ESPESET	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GORDON PARKER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ERIC BRIDGEWATER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATHY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CARSON COPPLE	DIRECTOR	1.00	Director	$0	$0	$0
MATT FETT	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MARSH	DIRECTOR	1.00	Director	$0	$0	$0
ERIK PINGEL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY PREWITT	DIRECTOR	1.00	Director	$0	$0	$0
GAVIN SCROGGIN	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE SMITH	DIRECTOR	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
2024	$126,160	$5,913,251	No data	$-5,787,091
2023	$245,564	$260,901	$5,058,166	$-15,337
2022	$443,228	$271,235	$5,081,739	$171,993
2021	$-88,673	$144,404	$6,343,520	$-233,077
2020	$-81,106	$90,011	$5,282,037	$-171,117
2019	$4,934,325	$2,604	$5,117,267	$4,931,721

MBI-WORKS ENDOWMENT