IOWA SOCIETY OF CERTIFIED PUBLIC A… - Form 990 Financial Data

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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

1915

Legal Domicile

Principal Officer

CARRIE STEFFEN

Phone

5152238161

Tax Period

2024-05-01 to 2025-04-30

IOWA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1915, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 4% surplus.

Mission

TO BE IOWA'S PREMIER ORGANIZATION FOR THE ACCOUNTING PROFESSION BY HARNESSING THE COLLECTIVE POWER OF THE MEMBERS TO PROMOTE, PROTECT, GROW AND ENHANCE THE INDUSTRY THROUGH ADVOCACY AND SERVICE.

Program Service Accomplishments

Program 1

CONTINUING PROFESSIONAL EDUCATION - PROVIDE LEARNING OPPORTUNITIES FOR MEMBERS TO IMPROVE PROFESSIONAL PROFICIENCY AND INCREASE THE QUALITY OF THEIR SERVICES. OFFER SEMINARS, CONFERENCES, WEBINARS...

CONTINUING PROFESSIONAL EDUCATION - PROVIDE LEARNING OPPORTUNITIES FOR MEMBERS TO IMPROVE PROFESSIONAL PROFICIENCY AND INCREASE THE QUALITY OF THEIR SERVICES. OFFER SEMINARS, CONFERENCES, WEBINARS, ON-DEMAND, AND IN-FIRM COURSES ANNUALLY ON VARIOUS TECHNICAL AND PROFESSIONAL TOPICS. CPE ATTENDANCE FOR THE ISCPA-SPONSORED WEBINAR EDUCATION FOR THE FISCAL YEAR ENDING APRIL 30, 2025 WAS 3,548 INDIVIDUALS.

Program 2

MEMBER SERVICES - PROMOTE MEMBERS WITH AN ANNUAL MEETING AND LEADERSHIP CONFERENCE, NETWORKING EVENTS, A MONTH OF SERVICE TO PROMOTE THE COMMUNITY INVOLVEMENT OF CPAS TO THE GENERAL PUBLIC, AND...

MEMBER SERVICES - PROMOTE MEMBERS WITH AN ANNUAL MEETING AND LEADERSHIP CONFERENCE, NETWORKING EVENTS, A MONTH OF SERVICE TO PROMOTE THE COMMUNITY INVOLVEMENT OF CPAS TO THE GENERAL PUBLIC, AND COMMITTEE OPPORTUNITIES AND OTHER ACTIVITIES FOR THE BETTERMENT OF CPAS.

Program 3

LEGISLATIVE ACTION REGARDING CPAS: EDUCATE THE KEY GENERAL MEMBERSHIP INCLUDING LEGISLATIVE LEADERS, BOARD OF DIRECTORS AND COMMITTEES, AS WELL AS THE LEGISLATORS ON ADVOCACY ISSUES RELATING TO THE CPA PROFESSION WITHIN THE STATE OF IOWA. THIS MAY INCLUDE PROFESSIONAL LICENSING ISSUES, TAX ADMINISTRATIVE ISSUES AND ANY OTHER LEGISLATIVE ISSUES THAT MAY AFFECT THE CPA PROFESSION 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 $0

Program Service Revenue $2,088,155

Investment Income $71,409

Other Revenue $53,263

TOTAL REVENUE $2,212,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $971,021

Fundraising Expenses $0

Other Expenses $1,153,622

TOTAL EXPENSES $2,124,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,212,827	$2,019,463	+0.1%
Expenses	$2,124,643	$1,844,484	+0.2%
Net Income	$88,184	$174,979	-0.5%

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

257

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

$214,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK K BONSTROM	CHAIR	1.00	Officer Director	$0	$0	$0
ALISON A VANOTTERLOO	PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD J TIWALD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAURA MEIER	SECRETARY	1.00	Officer Director	$0	$0	$0
JACLYN J DAMMEIER	TREASURER	1.00	Officer Director	$0	$0	$0
COURTNEY L DE RONDE	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER MCGARRY	DIRECTOR	0.50	Director	$0	$0	$0
HANK NOREM	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA SMITH	DIRECTOR	0.50	Director	$0	$0	$0
TIM STILES	DIRECTOR	0.50	Director	$0	$0	$0
TODD E THORSON	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW D KELDERMAN	DIRECTOR	0.50	Director	$0	$0	$0
TWYLA R ROSENBAUM	DIRECTOR	0.50	Director	$0	$0	$0
NATE BECK	DIRECTOR	0.50	Director	$0	$0	$0
DAWN LATHAM	CEO - END NOVEMBER 2024	40.00	Officer	$177,702	$15,292	$192,994
ARDIS KELLEY	INTERIM CEO - END MAY 2025	40.00	Officer	$21,292	$0	$21,292

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	$2,212,827	$2,124,643	$2,953,807	$88,184
2024	$2,019,463	$1,844,484	$2,810,356	$174,979
2023	$1,911,653	$1,959,435	$2,638,704	$-47,782
2022	$1,947,118	$1,756,016	$2,537,401	$191,102
2021	$1,862,848	$1,746,204	$2,637,940	$116,644
2020	$2,122,199	$2,057,399	$2,222,197	$64,800
2019	$2,151,230	$2,102,607	$2,260,461	$48,623

IOWA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS