IOWA CENTER LOAN FUND (EIN 862366457) - 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

2021

Legal Domicile

Principal Officer

ERIN STRAWN

Phone

5152830940

Tax Period

2024-07-01 to 2025-06-30

IOWA CENTER LOAN FUND, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $369K in total revenue in fiscal year 2024. Revenue surged 264% from the prior year, signaling strong growth momentum.

Mission

PROVIDE RESPONSIBLE, AFFORDABLE LENDING TO EXPAND ECONOMIC OPPORTUNITY.

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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 $293,965

Program Service Revenue $69,376

Investment Income $5,844

Other Revenue $0

TOTAL REVENUE $369,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,149

Fundraising Expenses $0

Program Expenses $369,185

Other Expenses $175,036

TOTAL EXPENSES $369,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,185	$101,298	+2.6%
Expenses	$369,185	$311,018	+0.2%
Net Income	$0	$-209,720	-1.0%

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

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

$366,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CODEL FRANKLIN	CHAIR	0.25	Officer Director	$0	$0	$0
MLIVIC NERMA	VICE CHAIR	0.25	Officer Director	$0	$0	$0
PHILLIPS MARK	TREASURER	0.25	Officer Director	$0	$0	$0
RHONE JODI	SECRETARY	0.25	Officer Director	$0	$0	$0
MILLIGAN MEGAN	PRESIDENT	4.00	Officer	$0	$9,756	$147,256
WISKUS DONNELL	VP OF FINANCE	15.00	Officer	$0	$5,505	$107,880
VENALES JOSE	DIRECTOR OF CREDIT	15.00	Officer	$0	$9,334	$111,062

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	$369,185	$369,185	$2,064,442	No data
2024	$101,298	$311,018	$1,085,519	$-209,720

IOWA CENTER LOAN FUND