IOWA BANKERS ASSOCIATION (EIN 420330040) - 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

1887

Legal Domicile

Principal Officer

ADAM GREGG

Phone

5152864300

Tax Period

2024-01-01 to 2024-12-31

IOWA BANKERS ASSOCIATION, founded in 1887, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $632K, a strong 18% operating margin.

Mission

THE IOWA BANKERS ASSOCIATION WAS ESTABLISHED TO PROMOTE AND IMPROVE BANKING IN IOWA.

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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 $0

Program Service Revenue $2,754,701

Investment Income $833,424

Other Revenue $0

TOTAL REVENUE $3,588,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,955,901

TOTAL EXPENSES $2,955,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,588,125	$3,115,872	+0.2%
Expenses	$2,955,901	$2,804,591	+0.1%
Net Income	$632,224	$311,281	+1.0%

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

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

$827,407

Total Directors

$827,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SORENSEN	SECRETARY	16.00	Officer Director	$0	$285,892	$827,407
ABRAM TUBBS START 924	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JIM PLAGGE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY KAY BATES	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATT LUJANO END 924	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
MELISSA SPURGIN	TREASURER	1.00	Officer Director	$0	$0	$0
CHIP REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARISSA WING	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG POST	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JUERGENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN NELSON END 924	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT MORRIS START 924	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN KOCH START 924	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT THOMSON END 924	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANE ZIMMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH STUBBS END 924	BOARD MEMBER	1.00	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
2024	$3,588,125	$2,955,901	$16,631,371	$632,224
2023	$3,115,872	$2,804,591	$15,760,422	$311,281
2022	$2,965,151	$2,858,361	$14,839,463	$106,790
2021	$3,345,609	$2,479,976	$15,106,660	$865,633
2020	$2,554,170	$2,260,757	$13,946,701	$293,413
2019	$2,506,108	$2,430,595	$13,264,960	$75,513
2018	$2,461,160	$2,385,000	$13,313,276	$76,160

IOWA BANKERS ASSOCIATION