University of Iowa Strategic Initiatives Fund (EIN 844628214) - 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

2020

Legal Domicile

Phone

3193352791

Tax Period

2024-07-01 to 2025-06-30

University of Iowa Strategic Initiatives Fund, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $66.1M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40.1M, a strong 61% operating margin.

Mission

Support the State University of Iowa's strategic plan implementation by providing grants for scientific research and educational activities and subsidizing utility expenses.

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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 $0

Program Service Revenue $0

Investment Income $66,071,839

Other Revenue $0

TOTAL REVENUE $66,071,839

Expense Breakdown

Grants Paid $25,627,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $332,537

TOTAL EXPENSES $25,959,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,071,839	$37,232,112	+0.8%
Expenses	$25,959,537	$22,833,554	+0.1%
Net Income	$40,112,302	$14,398,558	+1.8%

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

$1,401,242

Total Directors

$1,013,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JC Risewick	Vice President and Director	N/A	Officer Director	$0	$0	$0
Rodney Lehnertz	President & Director	2.0	Officer Director	$0	$59,986	$426,283
Erik Lie	Director	2.0	Director	$0	$53,570	$586,758
Audra Haddy	Secretary	2.0	Officer	$0	$21,753	$239,867
Susan Klatt	Secretary (through 9/10/24)	2.0	Officer	$0	$28,897	$308,617
Terry Johnson	Treasurer	2.0	Officer	$0	$61,106	$426,475

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	$66,071,839	$25,959,537	$1,227,119,293	$40,112,302
2024	$37,232,112	$22,833,554	$1,153,998,796	$14,398,558
2023	$26,829,794	$20,322,321	$1,086,415,530	$6,507,473
2022	$18,514,853	$13,141,392	$1,048,103,644	$5,373,461
2022	$18,514,853	$13,141,392	$1,048,103,644	$5,373,461
2021	$16,066,757	$7,500,000	$1,125,258,541	$8,566,757

University of Iowa Strategic Initiatives Fund