Iowa Quilt Museum
Nonprofit profile at a glance
- EIN
- 474036015
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990 2017, Form 990-EZ 2025
- Location
- Winterset, IA, USA
- Phone
- 5154625988
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $161,684
- Expenses
- $141,827
- Assets
- $434,997
- Liabilities
- $81,249
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- LISA SCHUMACHER (Vice President)
- JANICE MARQUARDT (President)
- TONY JACOBSON (President)
- ANNETTE WILDIN (Vice President)
People named in this filing
- MARIANNE FONS (Director)
- RANDALL PARKIN (Secretary)
- DIANE MURTHA (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Iowa quilt museum promotes the history of quilting with rotating exhibits of both historic and modern quilts and provides education programs about quilts and quilting.
What it reported doing in 2025
To promote the history of quilting through museum exhibits, educational programs, and presentations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 58
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.8%; rating input score 88
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.3%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 3.07; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 19.8%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 18.6% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 87.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $142K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 17/100.