IOWA MENNONITE BENEVOLENT ASSOCIATION (EIN 420803935) - 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

1956

Legal Domicile

Principal Officer

JEFFREY SCHMIDT

Phone

3196562421

Tax Period

2024-01-01 to 2024-12-31

IOWA MENNONITE BENEVOLENT ASSOCIATION, founded in 1956, is a community nonprofit in the Human Services sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

PLEASANTVIEW HOME IS A RETIREMENT COMMUNITY WITH A TRADITION OF CARING. WE PROVIDE SERVICES TO ENHANCE OUR RESIDENTS' PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL WELL-BEING.

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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 $360,081

Program Service Revenue $9,386,019

Investment Income $-54,148

Other Revenue $122,916

TOTAL REVENUE $9,814,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,707,032

Fundraising Expenses $122,598

Program Expenses $10,081,288

Other Expenses $5,607,012

TOTAL EXPENSES $11,314,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,814,868	$7,330,992	+0.3%
Expenses	$11,314,044	$8,399,350	+0.3%
Net Income	$-1,499,176	$-1,068,358	+0.4%

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

194

Volunteers

100

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

Total Directors

Key Employees

$194,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SCHMIDT	EXEC DIRECTO	40.00	Key Emp	$194,129	$0	$194,129
JULIE BONTRAGER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONNIE HERSHBERGER	DIRECTOR	1.00	Director	$0	$0	$0
MERLIN KAUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARLAN LOGAN	CHAIR	1.00	Officer Director	$0	$0	$0
WENDELL MILLER	DIRECTOR	1.00	Director	$0	$0	$0
HEBER RAMER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE SOJKA	TREASURER	1.00	Officer Director	$0	$0	$0
PAT TROYER	DIRECTOR	1.00	Director	$0	$0	$0
DEB YODER	VICE-CHAIR	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
2024	$9,814,868	$11,314,044	$22,562,604	$-1,499,176
2023	$7,330,992	$8,399,350	$22,250,079	$-1,068,358
2022	$7,256,300	$7,446,788	$15,183,922	$-190,488
2021	$6,777,497	$6,956,181	$8,686,841	$-178,684
2020	$7,336,120	$7,060,416	$8,842,189	$275,704
2019	$7,416,452	$7,310,358	$8,344,573	$106,094
2018	$7,400,009	$7,419,304	$8,331,900	$-19,295

IOWA MENNONITE BENEVOLENT ASSOCIATION