GLENWOOD RAGBRAI 2024 INC (EIN 992929552) - 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

2024

Legal Domicile

Principal Officer

LINDSEY SCHOMAKER

Phone

7125274717

Tax Period

2024-01-01 to 2024-12-31

GLENWOOD RAGBRAI 2024 INC, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $207K in total revenue in fiscal year 2024. Expenses of $200K left a modest 4% surplus.

Mission

TO HOST THE RAGBRAI EVENT IN GLENWOOD, IOWA. THE EVENT BRINGS TOURISM FUNDS WITH THE HOPES OF THE PROFITS BEING USED FOR LOCAL BETTERMENT PROJECTS AND TO BENEFIT LOCAL NON-PROFITS AND CITY ENTITIES.

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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 $99,879

Program Service Revenue $0

Investment Income $0

Other Revenue $107,321

TOTAL REVENUE $207,200

Expense Breakdown

Grants Paid $61,588

Salaries & Benefits $0

Fundraising Expenses $5,618

Program Expenses $193,986

Other Expenses $138,016

TOTAL EXPENSES $199,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,200	N/A	N/A
Expenses	$199,604	N/A	N/A
Net Income	$7,596	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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BISSEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
AMBER FARNAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDI FAUBLE	DIRECTOR	1.00	Director	$0	$0	$0
JOE FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCQUEEN	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE WINQUIST	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY SCHOMAKER	TREASURER	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
2024	$207,200	$199,604	$7,596	$7,596

GLENWOOD RAGBRAI 2024 INC