IOWA INSTITUTE FOR COOPERATIVES

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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

1951

Legal Domicile

Principal Officer

DR BOBBY MARTENS

Phone

5152922667

Tax Period

2024-06-01 to 2025-05-31

IOWA INSTITUTE FOR COOPERATIVES, founded in 1951, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE OBJECTIVE, POWERS, AND PURPOSES OF THIS ASSOCIATION SHALL BE TO ASSOCIATE THE MEMBERS THEREOF TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTERESTS AND WELFARE OF IOWA COOPERATIVES BY ANY APPROPRIATE MEANS BUT SPECIFICALLY BY ENCOURAGING, (CONTINUE) SPONSORING, PROMOTING, AND CONDUCTING EDUCATIONAL ACTIVITIES DESIGNED TO BRING ABOUT A BETTER UNDERSTANDING OF THE THEORY, PRINCIPLES, PHILOSOPHY, PURPOSES, POSSIBILITIES, AND LIMITATIONS, AND THE ORGANIZATIONAL AND OPERATIONAL METHODS AND PRACTICES THAT ARE DISTINCTIVE OF OR PECULIAR TO THE COOPERATIVE TYPE OF BUSINESS ORGANIZATION, THE OBJECTIVE BEING TO DEVELOP A BETTER UNDERSTANDING OF THE NATURE AND PURPOSE OF COOPERATIVES, SO THAT PEOPLE MIGHT MORE FULLY REALIZE THE BENEFITS AND ADVANTAGES OF COOPERATIVE ACTIVITIES, THAT SOUND PUBLIC POLICIES AND ATTITUDES TOWARD COOPERATIVES MIGHT BE DEVELOPED AND MAINTAINED, AND THAT THE SOUND GROWTH AND DEVELOPMENT OF COOPERATIVES MIGHT BE PROMOTED.

Program Service Accomplishments

Program 1

Expenses: $1,160,879 Revenue: $1,030,177

COOPERATIVES PROVIDE A PROVEN BUSINESS MODEL THAT HAS FOSTERED ECONOMIC PROGRESS IN IOWA FOR DECADES. THE IOWA INSTITUTE FOR COOPERATIVES (IIC) HAS BEEN LIGHTING THE WAY FOR COOPERATIVES ACROSS THE STATE SINCE 1951.OUR MEMBERS COME FROM A VARIETY OF INDUSTRIES, INCLUDING AGRICULTURE, CREDIT UNIONS, RURAL ELECTRIC, RURAL TELEPHONE, FARM CREDIT, PETROLEUM, AND MORE. WE DEVELOP EDUCATIONAL AND TRAINING PROGRAMS FOR OUR MEMBERS, PROVIDE TIMELY NEWS UPDATES, AND GUIDE LEGISLATIVE ACTIONS THAT BUILD UPON THE STRENGTH OF THE COOPERATIVE SYSTEM. WE ALSO PROMOTE NEW COOPERATIVE DEVELOPMENT AND VALUE-ADDED PRODUCTION.COOPERATIVES ALSO RELY ON US FOR SPECIAL PROJECTS, INCLUDING:(CONTINUE) - ASSISTANCE WITH BOARD RETREATS, LONG-RANGE PLANNING, MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND CORPORATE RESTRUCTURING. - RESOURCES TO HELP DEVELOP NEW COOPERATIVES, INCLUDING INITIAL START-UP PLANS, FEASIBILITY STUDIES, PROJECT COORDINATION, AND RESULTS ANALYSIS. - COOPERATIVE BENCHMARKING THAT PROVIDES TIMELY UPDATES TO FINANCIAL PERFORMANCE BENCHMARKS FOR GRAIN AND FARM SUPPLY COOPERATIVES THROUGHOUT THE MIDWEST.

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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 $1,030,177

Investment Income $50,112

Other Revenue $0

TOTAL REVENUE $1,080,289

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $709,926

Fundraising Expenses $0

Program Expenses $1,160,879

Other Expenses $435,953

TOTAL EXPENSES $1,160,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,289	$1,098,455	0.0%
Expenses	$1,160,879	$998,462	+0.2%
Net Income	$-80,590	$99,993	-1.8%

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

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

$4,300

Total Directors

$7,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOYLE ANDERSON	PRESIDENT	0.60	Officer Director	$2,250	$0	$2,250
TERRY PANBECKER	VICE PRESIDENT	0.60	Officer Director	$0	$0	$0
DAN DIETZENBACH	SECRETARY	0.60	Officer Director	$2,050	$0	$2,050
BRIAN LARSEN	DIRECTOR	0.60	Director	$1,800	$0	$1,800
ED ANDERSON	DIRECTOR	0.60	Director	$1,800	$0	$1,800
JAKE WILLIAMS	DIRECTOR	0.60	Director	$0	$0	$0
WIL MANWEILER	DIRECTOR	0.60	Director	$0	$0	$0
COZY NELSEN	DIRECTOR	0.60	Director	$0	$0	$0
BRIAN THILGES	DIRECTOR	0.60	Director	$0	$0	$0
JASON BERKLAND	DIRECTOR	0.60	Director	$0	$0	$0
TAYLOR JANS	DIRECTOR	0.60	Director	$0	$0	$0
GREG HANSHAW	DIRECTOR	0.60	Director	$0	$0	$0
LEVI BAPPE	DIRECTOR	0.60	Director	$0	$0	$0
JERRY KELEHER	DIRECTOR	0.60	Director	$0	$0	$0
DR BOBBY MARTENS	EXECUTIVE DIRECTOR (CURRENT)	40.00	Officer	$0	$0	$0
MATTHEW EDDY	DIRECTOR OF COOPERATIVE DEVELOPMENT	40.00	Highest	$152,025	$0	$152,025
DAVE HOLM	EXECUTIVE DIRECTOR (FORMER)	40.00		$275,316	$30,997	$306,313

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	$1,080,289	$1,160,879	$987,074	$-80,590
2024	$1,098,455	$998,462	$1,144,892	$99,993
2023	$1,031,429	$977,563	$1,062,197	$53,866
2022	$967,389	$835,523	$1,054,400	$131,866
2021	$778,943	$788,112	$985,567	$-9,169
2020	$913,901	$901,871	$959,541	$12,030
2019	$844,137	$825,974	$866,954	$18,163