MUTUAL INSURANCE ASSOCIATION OF IOWA (EIN 420618555) - 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

1929

Legal Domicile

Principal Officer

BRIAN DIX

Phone

3194151647

Tax Period

2023-07-01 to 2024-06-30

MUTUAL INSURANCE ASSOCIATION OF IOWA, founded in 1929, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES TO ENHANCE OUR MEMBER COMPANIES' ABILITY TO SERVE CONSUMERS.

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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 $211,620

Program Service Revenue $127,782

Investment Income $24,908

Other Revenue $0

TOTAL REVENUE $364,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,794

Fundraising Expenses $0

Program Expenses $300,572

Other Expenses $265,627

TOTAL EXPENSES $361,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,310	$312,885	+0.2%
Expenses	$361,421	$378,244	0.0%
Net Income	$2,889	$-65,359	-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

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

$85,000

Total Directors

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN PEDRICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
TJ CRANDALL	PRESIDENT-ELECT	1.00	Director	$0	$0	$0
PETE HAGENSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN FARRELL	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRIAN DIX	SECRETARY/TREASURER & E.D.	40.00	Officer Director	$85,000	$0	$85,000
SUZANNE WOOD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GLASSGOW	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JASON MOELLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BULMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MCGOWAN 7123-33124	DIRECTOR	1.00	Director	$0	$0	$0
MATT CASEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHMIDT 4124-63024	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$364,310	$361,421	$722,560	$2,889
2023	$312,885	$378,244	$677,194	$-65,359
2022	$349,100	$331,792	$697,921	$17,308
2021	$255,662	$209,777	$776,210	$45,885
2020	$325,721	$241,653	$647,305	$84,068
2019	$321,868	$245,244	$569,415	$76,624

MUTUAL INSURANCE ASSOCIATION OF IOWA