Civic Intelligence

Two Rivers Classical Academy

990 • Fiscal year 2024 • EIN 83-0897920

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 09, 2025

PO Box 65336West Des Moines, IA 50265

(515) 313-3213

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.50x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

28%

Faster revenue growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,201,667

Up $254,698 (+27%) from 2023

Net Assets

Up

$565,595

Up $158,698 (+39%) from 2023

Liabilities

Up

$636,072

Up $96,000 (+18%) from 2023

Revenue

Up

$1,269,240

Up $281,108 (+28%) from 2023

Expenses

Up

$1,110,542

Up $278,144 (+33%) from 2023

Net Income

Up

$158,698

Up $2,964 (+1.9%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2019: $51,681Liabilities 2019: $55,629Net Assets 2019: -$3,9482019Assets 2020: $266,725Liabilities 2020: $212,905Net Assets 2020: $53,8202020Assets 2021: $536,489Liabilities 2021: $388,700Net Assets 2021: $147,7892021Assets 2022: $1,168,035Liabilities 2022: $909,289Net Assets 2022: $258,7462022Assets 2023: $946,969Liabilities 2023: $540,072Net Assets 2023: $406,8972023Assets 2024: $1,221,267Liabilities 2024: $611,299Net Assets 2024: $609,9682024Assets 2024: $1,201,667Liabilities 2024: $636,072Net Assets 2024: $565,5952024Assets 2025: $741,877Liabilities 2025: $160,167Net Assets 2025: $581,7102025

Highlighted filing

2024

Assets$1,201,667
Liabilities$636,072
Net Assets$565,595

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $12,055Expenses 2019: $16,003Net Income 2019: -$3,9482019Revenue 2020: $206,554Expenses 2020: $148,786Net Income 2020: $57,7682020Revenue 2021: $458,355Expenses 2021: $372,857Net Income 2021: $85,4982021Revenue 2022: $762,929Expenses 2022: $650,617Net Income 2022: $112,3122022Revenue 2023: $988,132Expenses 2023: $832,398Net Income 2023: $155,7342023Revenue 2024: $1,296,635Expenses 2024: $1,093,659Net Income 2024: $202,9762024Revenue 2024: $1,269,240Expenses 2024: $1,110,542Net Income 2024: $158,6982024Revenue 2025: $1,232,434Expenses 2025: $1,216,319Net Income 2025: $16,1152025

Highlighted filing

2024

Revenue$1,269,240
Expenses$1,110,542
Net Income$158,698
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 9, 2025
Return Version
2023v6.0
Gross Receipts
$1,288,840
Mission and Program Overview

Mission

Organize and assemble the staff, facilities, and programs for Two Rivers Classical Academy and its activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$841,496$1,165,490▲ $323,994
Cash and Non-Interest-Bearing Accounts$80,599$29,233▼ $51,366
Accounts Receivable$4,774$6,444▲ $1,670
Prepaid Expenses and Deferred Charges$500$500→ $0
Total Assets$946,969$1,201,667▲ $254,698
Other Assets Total$19,600$0▼ $19,600
Liabilities
Deferred Revenue$496,215$515,194▲ $18,979
Accounts Payable and Accrued Expenses$43,857$120,878▲ $77,021
Total Liabilities$540,072$636,072▲ $96,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$402,216$560,914▲ $158,698
Net Assets With Donor Restrictions$4,681$4,681→ $0
Total Net Assets Fund Balance$406,897$565,595▲ $158,698
Total Liabilities and Net Assets / Fund Balance$946,969$1,201,667▲ $254,698

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,641---$4,641
2022$9,641---$4,641
2021$9,641---$9,641
2020$1,170$32,271-$500$9,641
2019$0$1,170--$1,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nathan OppmanHeadmasterFT$66,232$66,232
Zach DietrichDirector and ChairPT$16,192$16,192
Andrew KarasDirectorPT$5,833$5,833

Board Members and Trustees

NameTitle
Andrew SchoonhovenDirector
Michelle SageDirector
Nick BalDirector
Stanley JensenDirector
Elizabeth BomerDirector and Secretary
Andrew FogleDirector and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,258
Program Service Revenue
$1,028,195
Investment Income
$14,787
Other Revenue
$0
All Other Contributions
$226,258
Change in Net Assets
$158,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$765,031
Other Expenses$345,511
Total Fundraising Expense$2,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$638,570$37,332$0$675,902
Occupancy$61,212$10,036$0$71,248
Payroll Taxes$42,156$2,856$0$45,012
Current Officers, Directors, Trustees, and Key Employees$24,117$0$0$24,117
Pension Plan Contributions$17,778$2,222$0$20,000
Office Expenses$8,553$10,655$0$19,208
Travel$13,218$1,470$0$14,688
Fees for Services Management$2,302$8,285$0$10,587
All Other Expenses$6,259$1,355$0$7,614
Information Technology$7,168$208$0$7,376
Conferences and Meetings$6,161$0$0$6,161
Other Expenses$2,576$286$0$2,862
Advertising$0$0$2,569$2,569
Insurance$0$1,315$0$1,315
Fees for Services Accounting$0$600$0$600
Total Functional Expenses$1,031,353$76,620$2,569$1,110,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Two Rivers Classical Academy
EIN
83-0897920
Phone
5153133213
Address
PO Box 65336, West Des Moines, IA 50265

Signing Officer

Name
Andrew Fogle
Title
Treasurer
Phone
5153133213
Signed
2025-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Oppman
Formed
2018
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
45
Volunteers
50

Preparer

Firm
Delmar R Mohler CPA
Address
1010 SW 4TH CT, GRIMES, IA 50111
Preparer
Delmar R Mohler
Phone
5152827250
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

The board of directors decided to provide modest compensation to some board members providing valuable services for operating the school outside the scope of their duties as board members.

Pt VI, Line 15B

The board members independently gather information and determine compensation for the headmaster of the school.

Pt VI, Line 11B

A draft of the irs form 990 was delivered to the board of directors for their review and approval. Upon their approval, the treasurer signed and delivered the irs form 8879-eo authorizing the preparer to file the irs form 990 electronically with the irs.

Pt VI, Line 12C

The two rivers classical academy conflict of interest policy applies to all of the members of its board of directors, officers, employees and volunteers as each one is an interested party. Any interested party is required to disclose the existance of any actual, potential, or perceived conflict of interest as soon as the possibility of a conflict of interest is identified to the board of directors for their review, assessment, and potential action. In addition, each year each interested party is required to affirm with a written statement that they have received a copy of the conflict of interest policy, read and understand the policy, agree to comply with the policy, and affirm that they complied with the conflict of interest policy.

Pt VI, Line 19

Two rivers classical academy makes its governing two rivers classical academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. During its fiscal year ended june 30, 2023, no requests for such information were received.

Financial Statement Notes

Pt III, Line 4

A donation of six pieces of art work were received that will be displayed for the benefit and edification of the students and friends of two rivers classical academy.

Pt V, Line 4

A donation was received designated for the purchase of items that had not been acquired at the year ended june 30, 2024.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02856
IRS990/PayrollTaxesGrp/ProgramServicesAmt042156
IRS990/PayrollTaxesGrp/TotalAmt045012
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02222
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017778
IRS990/PensionPlanContributionsGrp/TotalAmt020000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0500
IRS990/PrincipalOfficerNm0NATHAN OPPMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1BOOK RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0964021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246607
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt019393
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04375
IRS990/PYInvestmentIncomeAmt08652
IRS990/PYOtherExpensesAmt0177670
IRS990/PYProgramServiceRevenueAmt0960087
IRS990/PYRevenuesLessExpensesAmt0155734
IRS990/PYSalariesCompEmpBnftPaidAmt0650353
IRS990/PYTotalExpensesAmt0832398
IRS990/PYTotalRevenueAmt0988132
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0158698
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01028525
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0841496
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01165490
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0PUBLIC DISPLAY AT SCHOOL FOR ITS STUDENTS
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04641
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt09641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09641
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt09641
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01170
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt032271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09641
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt023300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01170
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WORKS OF ART - PAINTINGS
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A DONATION OF SIX PIECES OF ART WORK WERE RECEIVED THAT WILL BE DISPLAYED FOR THE BENEFIT AND EDIFICATION OF THE STUDENTS AND FRIENDS OF TWO RIVERS CLASSICAL ACADEMY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1A DONATION WAS RECEIVED DESIGNATED FOR THE PURCHASE OF ITEMS THAT HAD NOT BEEN ACQUIRED AT THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 4
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE TWO RIVERS CLASSICAL ACADEMY STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY APPEARS ON THE FIRST PAGE OF ITS WEBSITE AT TWORIVERSCLASSICAL.ORG AND PROMINENTLY IN ALL PUBLISHED MATERIALS. NO ADDITIONAL INFORMATION REQUIRED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS DECIDED TO PROVIDE MODEST COMPENSATION TO SOME BOARD MEMBERS PROVIDING VALUABLE SERVICES FOR OPERATING THE SCHOOL OUTSIDE THE SCOPE OF THEIR DUTIES AS BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS INDEPENDENTLY GATHER INFORMATION AND DETERMINE COMPENSATION FOR THE HEADMASTER OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE IRS FORM 990 WAS DELIVERED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. UPON THEIR APPROVAL, THE TREASURER SIGNED AND DELIVERED THE IRS FORM 8879-EO AUTHORIZING THE PREPARER TO FILE THE IRS FORM 990 ELECTRONICALLY WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TWO RIVERS CLASSICAL ACADEMY CONFLICT OF INTEREST POLICY APPLIES TO ALL OF THE MEMBERS OF ITS BOARD OF DIRECTORS, OFFICERS, EMPLOYEES AND VOLUNTEERS AS EACH ONE IS AN INTERESTED PARTY. ANY INTERESTED PARTY IS REQUIRED TO DISCLOSE THE EXISTANCE OF ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST AS SOON AS THE POSSIBILITY OF A CONFLICT OF INTEREST IS IDENTIFIED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW, ASSESSMENT, AND POTENTIAL ACTION. IN ADDITION, EACH YEAR EACH INTERESTED PARTY IS REQUIRED TO AFFIRM WITH A WRITTEN STATEMENT THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTAND THE POLICY, AGREE TO COMPLY WITH THE POLICY, AND AFFIRM THAT THEY COMPLIED WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TWO RIVERS CLASSICAL ACADEMY MAKES ITS GOVERNING TWO RIVERS CLASSICAL ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DURING ITS FISCAL YEAR ENDED JUNE 30, 2023, NO REQUESTS FOR SUCH INFORMATION WERE RECEIVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

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