INDEPENDENT COMMUNITY BANKERS OF A… - Form 990 Financial Data

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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

1930

Legal Domicile

Principal Officer

REBECA ROMERO RAINEY

Phone

3203526546

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT COMMUNITY BANKERS OF AMERICA, founded in 1930, is a mid-sized nonprofit that reported $44.9M in total revenue in fiscal year 2023. Expenses of $52.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH.

Program Service Accomplishments

Program 1

PUBLICATIONS-ICBA'S MANY PUBLICATIONS INFORM MEMBERS ABOUT THE TRENDS AND ISSUES AFFECTING THE COMMUNITY BANKING INDUSTRY, INCLUDING AWARD WINNING INDEPENDENT BANKER MAGAZINE AND ICBA NEWSWATCH...

PUBLICATIONS-ICBA'S MANY PUBLICATIONS INFORM MEMBERS ABOUT THE TRENDS AND ISSUES AFFECTING THE COMMUNITY BANKING INDUSTRY, INCLUDING AWARD WINNING INDEPENDENT BANKER MAGAZINE AND ICBA NEWSWATCH TODAY. EDUCATION-ICBA PROVIDES COMMUNITY BANKERS WITH EDUCATION TO MEET THEIR TECHNOLOGY, OPERATIONS, AND COMPLIANCE NEEDS. ICBA OFFERS SUPERIOR SEMINARS, PRODUCTS, AND ONLINE TRAINING THAT BRINGS TOP INDUSTRY KNOWLEDGE TO MEMBERS. ALL COURSES ARE REVIEWED AND APPROVED BY A COMMITTEE OF COMMUNITY BANKERS BEFORE THEY BECOME AVAILABLE.CONTINUED ON SCHEDULE O. ICBA LIVE-ICBA'S ANNUAL CONVENTION IS THE LARGEST EDUCATIONAL GATHERING OF COMMUNITY BANKERS. THE EDUCATIONAL OPPORTUNITIES AT THIS NATIONAL EVENT KEEP BANKERS UP TO DATE ON THE LATEST TRENDS AND INNOVATIONS IMPACTING THEIR BANK.BANK DIRECTOR PROGRAM-ICBA'S BANK DIRECTOR PROGRAM OFFERS DIRECTORS ESSENTIAL INFORMATION, IN-DEPTH EDUCATIONAL PROGRAMS AND CONVENIENCE. OVER 5,000 PARTICIPANTS NETWORK WITH OTHER COMMUNITY BANK DIRECTORS FROM ACROSS THE COUNTRY TO KEEP "COMMUNITY" IN THEIR COMMUNITY BANKS.MARKETING RESOURCES-ICBA OFFERS MARKETING RESOURCE PROGRAMS DESIGNED TO HELP MEMBERS FIND COST-EFFECTIVE AND TIME-SAVING WAYS TO PROMOTE THEIR BANKS.CONSUMER EDUCATION AND RESOURCES-ICBA HAS FORMED ALLIANCES WITH VARIOUS ORGANIZATIONS TO PROVIDE EDUCATION AND RESOURCES FOR MEMBERS AND THEIR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,803,719

Investment Income $341,240

Other Revenue $11,763,013

TOTAL REVENUE $44,907,972

Expense Breakdown

Grants Paid $303,436

Salaries & Benefits $26,817,664

Fundraising Expenses $0

Other Expenses $24,941,810

TOTAL EXPENSES $52,062,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,907,972	$46,228,099	0.0%
Expenses	$52,062,910	$41,705,814	+0.2%
Net Income	$-7,154,938	$4,522,285	-2.6%

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

Governance

Voting Members

Independent Members

Employees

203

Volunteers

264

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

$3,593,701

Total Directors

$2,203,905

Key Employees

$2,726,951

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECA ROMERO RAINEY	PRESIDENT/CEO	40.00	Officer Director	$1,926,267	$44,818	$1,971,085
BRAD BOLTON	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$25,631	$0	$25,631
ROBERT FISHER	PAST CHAIRMAN	1.00	Director	$17,591	$0	$17,591
LUCAS WHITE	CHAIRMAN-ELECT	1.00	Director	$31,802	$0	$31,802
DEREK WILLIAMS	CHAIRMAN	1.00	Officer Director	$30,253	$0	$30,253
PRESTON KENNEDY	PAST CHAIRMAN UNTIL MARCH 2023	1.00	Director	$13,876	$0	$13,876
JACK HARTINGS	DIRECTOR	1.00	Director	$14,864	$0	$14,864
SARAH GETZLAFF	TREASURER	1.00	Officer Director	$8,831	$0	$8,831
TIM AIKEN	SECRETARY UNTIL MARCH 2023	1.00	Officer Director	$7,604	$0	$7,604
MARK HESSER	DIRECTOR UNTIL MARCH 2023	1.00	Director	$1,068	$0	$1,068
SCOTT HEITKAMP	PAST CHAIRMAN UNTIL MARCH 2023	1.00	Director	$3,878	$0	$3,878
DOUG OUELLETTE	DIRECTOR UNTIL MARCH 2023	1.00	Director	$3,028	$0	$3,028
ALICE FRAZIER	DIRECTOR	1.00	Director	$5,563	$0	$5,563
KATHY UNDERWOOD	DIRECTOR UNTIL MARCH 2023	1.00	Director	$2,936	$0	$2,936
MICHAEL J BURKE JR	DIRECTOR	1.00	Director	$0	$0	$0
NOAH WILCOX	PAST CHAIRMAN	1.00	Director	$12,502	$0	$12,502
QUENTIN LEIGHTY	DIRECTOR	1.00	Director	$1,649	$0	$1,649
BRENDA FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BATES JR	DIRECTOR	1.00	Director	$2,040	$0	$2,040
JILL SUNG	DIRECTOR	1.00	Director	$0	$0	$0
SHON MYERS	DIRECTOR	1.00	Director	$0	$0	$0
JACK HOPKINS	VICE CHAIRMAN	1.00	Officer Director	$34,479	$0	$34,479
JAMES SILLS III	SECRETARY	1.00	Officer Director	$7,286	$0	$7,286
JOHN 'JV' EVANS III	DIRECTOR	1.00	Director	$1,269	$0	$1,269
ANITA DRENTLAW	DIRECTOR	1.00	Director	$3,262	$0	$3,262
VERLIN BARKER	DIRECTOR	1.00	Director	$3,408	$0	$3,408
TERRY JORDE	SEVP/CHIEF OF STAFF UNTIL MAY 2023	43.00	Officer	$890,806	$80,791	$971,597
ALEX GALEANO	SEVP/CHIEF FINANCE & ADMIN	25.00	Officer	$492,117	$44,818	$536,935
KEVIN TWEDDLE	SEVP COMMUNITY BANK SOLUTIONS	25.00	Key Emp	$529,990	$44,818	$574,808
PRABHASH SHRESTHA	GEVP CHIEF DIGITAL STRATEGY	40.00	Key Emp	$392,867	$44,818	$437,685
LINDSAY LANORE	SEVP CHIEF LEARNING & EXP OFFICER	45.00	Key Emp	$352,995	$47,868	$400,863
ROBERT BIRGFELD	EVP CHIEF MARKETING OFFICER	45.00	Key Emp	$315,217	$43,700	$358,917
VALERIE UTSEY	EVP CHIEF PEOPLE OFFICER	45.00	Key Emp	$327,381	$46,371	$373,752
ANNE BALCER	SEVP CHIEF GOV RELAT & PUBLIC	45.00	Key Emp	$536,695	$44,231	$580,926
PAUL MERSKI	GEVP CONGRESSIONAL RELATIONS	40.00	Highest	$414,771	$117,331	$532,102
CHARLES POTTS	EVP CHIEF INNOVATION OFFICER	40.00	Highest	$311,750	$43,389	$355,139
LILLIANE THOMAS	EVP REGULATORY POLICY	40.00	Highest	$306,023	$65,216	$371,239
CHRISTOPHER COLE	EVP SENIOR REGULATORY COUNSEL	40.00	Highest	$280,515	$235,804	$516,319
WALTER HAYNIE	SVP MORTGAGE FINANCE POLICY	40.00	Highest	$266,773	$83,086	$349,859
CAMDEN FINE	FORMER PRESIDENT/CEO	0.00		$131,649	$0	$131,649
KAREN THOMAS	FORMER SEVP GOV RELAT & PUBLIC	0.00		$133,220	$0	$133,220

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	No data	No data	No data	No data
2023	$44,907,972	$52,062,910	$291,398,996	$-7,154,938
2022	$46,228,099	$41,705,814	$279,726,377	$4,522,285
2021	$45,994,592	$36,458,294	$290,014,074	$9,536,298
2020	$38,044,418	$36,264,570	$172,826,494	$1,779,848
2019	$40,390,321	$36,210,853	$174,360,606	$4,179,468
2018	$39,080,051	$36,813,176	$164,009,816	$2,266,875

INDEPENDENT COMMUNITY BANKERS OF AMERICA