SOUTHEAST IOWA AQUATIC RESTORATION GROUP INC

EIN: 863760007 501(c)(3) Recreation & Sports

FORT MADISON, IA

Total Revenue
$251,749
Total Expenses
$465,444
Total Assets
$6,457,349
Net Assets
$5,991,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IA
Principal Officer
MATT MOHRFELD
Phone
3193725471
Tax Period
2024-01-01 to 2024-12-31

SOUTHEAST IOWA AQUATIC RESTORATION GROUP INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $252K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $465K exceeded revenue, resulting in a 85% operating deficit.

Mission

PROTECTING PUBLIC IMPROVEMENTS ON PUBLIC GROUND LOCATED ALONG THE MISSISSIPPI RIVER WATERFRONT IN FORT MADISON, IOWA; OPERATING, RESTORING, IMPROVING, MAINTAINING, AND OPERATING IMPROVEMENTS FOR THE BENEFIT OF THE PUBLIC ALONG THE MISSISSIPPI RIVER IN FORT MADISON, IOWA; AND LESSENING THE CITY OF FORT MADISON'S BURDEN OF CONSTRUCTING, MAINTAINING, AND OPERATING SUCH IMPROVEMENTS.

Program Service Accomplishments

Program 1
Expenses: $21,335

BEGIN MAJOR MULTIYEAR IMPROVEMENT PROJECT OF MARINA STRUCTURE AND SURROUNDING RIVERFRONT PARK AREA LOCATED ALONG THE MISSISSIPPI RIVER WATERFRONT IN FORT MADISON, 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 (2024)

Revenue Breakdown

Contributions & Grants $80,574
Program Service Revenue $161,517
Investment Income $3,558
Other Revenue $6,100
TOTAL REVENUE $251,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $430,606
Other Expenses $465,444
TOTAL EXPENSES $465,444

Year-over-Year Comparison

2024 2023 Change
Revenue $251,749 $624,660 -0.6%
Expenses $465,444 $236,896 +1.0%
Net Income $-213,695 $387,764 -1.6%
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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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE ALLEN TREASURER 1.00
Officer Director
$0 $0 $0
ANDREW MCFALL DIRECTOR 1.00
Director
$0 $0 $0
MATT MOHRFELD PRESIDENT 1.00
Officer Director
$0 $0 $0
KARA MORROW VP/SECRETARY 1.00
Officer 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 $251,749 $465,444 $6,457,349 $-213,695
2023 $624,660 $236,896 $7,286,575 $387,764
2022 $5,995,291 $224,272 $6,605,756 $5,771,019
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