INDEPENDENT INSURANCE AGENTS OF IOWA (EIN 420650404) - 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

1906

Legal Domicile

Principal Officer

TOM O'MEARA

Phone

5152236060

Tax Period

2024-09-01 to 2025-08-31

INDEPENDENT INSURANCE AGENTS OF IOWA, founded in 1906, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $609K, a strong 29% operating margin.

Mission

MEMBERSHIP ASSOCIATION FOR INDEPENDENT INSURANCE AGENTS DOING BUSINESS IN THE STATE OF 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 $50,000

Program Service Revenue $948,400

Investment Income $639,521

Other Revenue $466,851

TOTAL REVENUE $2,104,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $716,297

Fundraising Expenses $0

Other Expenses $779,189

TOTAL EXPENSES $1,495,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,104,772	$1,806,486	+0.2%
Expenses	$1,495,486	$1,461,927	+0.0%
Net Income	$609,286	$344,559	+0.8%

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

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

$349,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM O'MEARA	CEO	48.00	Officer	$303,295	$46,233	$349,528
MELISSA MEINERS	CHIEF ADMIN	40.00	Highest	$118,646	$28,698	$147,344
BILLY BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
AJ KRIST	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE ROSENBOOM	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GENTRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE WALTERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVE GOODHUE	TREASURER	1.00	Officer Director	$0	$0	$0
LUKE HORAK	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
STEVE MADSEN	NATIONAL DIR	2.00	Officer Director	$0	$0	$0
SCOTT WIRTZ LEFT SEPTEMBER 2024	PAST PRESIDE	1.00	Officer 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	$2,104,772	$1,495,486	$10,031,823	$609,286
2024	$1,806,486	$1,461,927	$9,390,098	$344,559
2023	$1,698,435	$1,406,498	$8,357,980	$291,937
2022	$1,959,343	$1,349,964	$7,880,743	$609,379
2021	$1,602,077	$1,072,124	$8,855,981	$529,953
2020	$1,613,988	$1,316,659	$7,245,248	$297,329
2019	$1,840,874	$1,468,906	$6,714,120	$371,968
2018	$1,754,697	$1,477,647	$6,856,913	$277,050

INDEPENDENT INSURANCE AGENTS OF IOWA