SOUTHEAST IOWA AQUATIC RESTORATION GROUP INC (EIN 863760007) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

SOUTHEAST IOWA AQUATIC RESTORATION GROUP INC