IOWA ASSOCIATION OF ELECTRIC COOPERATIVES (EIN 420662488) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1942

Legal Domicile

Principal Officer

LESLIE KAUFMAN

Phone

5152765350

Tax Period

2024-09-01 to 2025-08-31

IOWA ASSOCIATION OF ELECTRIC COOPERATIVES, founded in 1942, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Expenses of $5.7M left a modest 4% surplus.

Mission

TO PROVIDE SERVICES TO RURAL ELECTRIC COOPERATIVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,839,016

Investment Income $67,577

Other Revenue $16,950

TOTAL REVENUE $5,923,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,624,716

Fundraising Expenses $0

Other Expenses $3,041,635

TOTAL EXPENSES $5,666,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,923,543	$6,117,032	0.0%
Expenses	$5,666,351	$6,086,613	-0.1%
Net Income	$257,192	$30,419	+7.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$354,884

Total Directors

$66,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARION DENGER	NRECA DIRECTOR	2.00	Director	$7,950	$0	$7,950
TERRY SULLIVAN	MANAGER'S REPRESENTATIVE	2.00	Director	$0	$0	$0
JIM MILLER	PRESIDENT	2.00	Officer Director	$15,505	$0	$15,505
GORDON GREIMANN	VICE PRESIDENT	2.00	Officer Director	$11,387	$0	$11,387
TONY LEM	SECRETARY/TREASURER	2.00	Officer Director	$9,588	$0	$9,588
JERRY KELEHER	ASSISTANT SECRETARY/TREASURER	2.00	Officer Director	$9,788	$0	$9,788
BRUCE AMUNDSON	DIRECTOR	2.00	Director	$9,238	$0	$9,238
STEVE INSKEEP	DIRECTOR	2.00	Director	$2,038	$0	$2,038
TRAVIS HARRIS	DIRECTOR	2.00	Director	$1,250	$0	$1,250
CHARLES SODERBERG	PAST EXECUTIVE V.P./GENERAL MANAGER	40.00	Officer	$249,275	$59,341	$308,616
LESLIE KAUFMAN	EXECUTIVE V.P/GENERAL MANAGER	52.00	Officer	$0	$0	$0
ERIN CAMPBELL	DIRECTOR - COMMUNICATIONS	40.00	Highest	$115,170	$63,340	$178,510
TIM FALK	DIRECTOR - BENEFITS	40.00	Highest	$181,849	$58,314	$240,163
SCOTT MEINEKE	DIRECTOR - SAFETY	51.00	Highest	$151,449	$56,532	$207,981
ETHAN HOHENADEL	DIRECTOR - REGULATORY AFFAIRS	44.00	Highest	$177,210	$61,537	$238,747

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	$5,923,543	$5,666,351	$3,656,046	$257,192
2024	$6,117,032	$6,086,613	$3,441,995	$30,419
2023	$5,701,069	$5,287,202	$3,496,705	$413,867
2022	$5,266,125	$5,217,286	$2,896,267	$48,839
2021	$4,832,262	$4,458,115	$3,143,599	$374,147
2020	$4,662,460	$4,457,616	$2,799,022	$204,844
2019	$4,719,922	$4,594,566	$2,638,120	$125,356
2018	$4,594,322	$4,486,270	$2,473,370	$108,052

IOWA ASSOCIATION OF ELECTRIC COOPERATIVES