WESTERN IOWA JOURNALISM FOUNDATION

EIN: 852308671 501(c)(3) Arts, Culture & Humanities

BREDA, IA

Total Revenue
$269,266
Total Expenses
$359,916
Total Assets
$516,335
Net Assets
$516,335
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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
2021
Legal Domicile
IA
Phone
7122104974
Tax Period
2023-01-01 to 2023-12-31

WESTERN IOWA JOURNALISM FOUNDATION, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $269K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $360K exceeded revenue, resulting in a 34% operating deficit.

Mission

Supporting community journalism that ensures long-term access to accurate local news and investigative reporting throughout western Iowa.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $267,092
Program Service Revenue $0
Investment Income $2,174
Other Revenue $0
TOTAL REVENUE $269,266

Expense Breakdown

Grants Paid $276,500
Salaries & Benefits $60,750
Fundraising Expenses $2,080
Program Expenses $0
Other Expenses $22,666
TOTAL EXPENSES $359,916

Year-over-Year Comparison

2023 2022 Change
Revenue $269,266 $681,925 -0.6%
Expenses $359,916 $275,688 +0.3%
Net Income $-90,650 $406,237 -1.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kyle Munson President 5.00
Officer
$0 $0 $0
Dr Joel Lundstrom Vice President 5.00
Officer
$0 $0 $0
Dr Andrea Breemer Frantz Secretary 5.00
Officer
$0 $0 $0
Claudia Schabel Treasurer 5.00
Officer
$0 $0 $0
Todd Partridge Director 5.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $269,266 $359,916 $516,335 $-90,650
2022 $681,925 $275,688 $606,985 $406,237
2021 $280,454 $80,712 $199,742 $199,742
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