IOWA TRAVEL INDUSTRY PARTNERS

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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

Tax Period

2023-07-01 to 2024-06-30

IOWA TRAVEL INDUSTRY PARTNERS, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $383K in total revenue in fiscal year 2023. Expenses of $368K left a modest 4% surplus.

Mission

PROMOTE TOURISM IN IOWA

Program Service Accomplishments

Program 1

Expenses: $251,197 Revenue: $165,940

TO BE THE UNIFIED DRIVING FORCE OF THE TRAVEL AND TOURISM INDUSTRY PROMOTING IOWA AND ITS COMMUNITIES TO POSITIVELY IMPACT THE ECONOMY AND QUALITY OF LIFE FOR ALL IOWANS

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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 $216,809

Program Service Revenue $165,940

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,279

Fundraising Expenses $0

Program Expenses $251,197

Other Expenses $281,380

TOTAL EXPENSES $367,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,749	N/A	N/A
Expenses	$367,659	N/A	N/A
Net Income	$15,090	N/A	N/A

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

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
CHELSEA LERUD	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$0	$0	$0
KRISTI FRANZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PICKAR	DIRECTOR	1.00	Director	$0	$0	$0
GREG EDWARDS	PAST PRESIDENT	1.00	Director	$0	$0	$0
JULIE STOW	DIRECTOR	1.00	Director	$0	$0	$0
KOREY WOODBURY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VALLIERE	DIRECTOR	1.00	Director	$0	$0	$0
NICK PFEIFFER	DIRECTOR	1.00	Director	$0	$0	$0
WES EHRECKE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA PETERS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE KOELKER	DIRECTOR	1.00	Director	$0	$0	$0
TAVIS HALL	DIRECTOR	1.00	Director	$0	$0	$0
NICKI BRUS	DIRECTOR	1.00	Director	$0	$0	$0
MARK ECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DUNKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HERRELL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KEVIN BOURKE	TREASURER	1.00	Officer	$0	$0	$0
KIM GRZYWACZ	PRESIDENT	1.00	Officer	$0	$0	$0
GINGER WILLIAMS	SECRETARY	1.00	Officer	$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	$382,749	$367,659	$67,333	$15,090
2023	$388,317	$358,343	$49,816	$29,974