IOWA ASSOCIATION OF INDEPENDENT CO… - 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

1970

Legal Domicile

Principal Officer

GARY STEINKE

Phone

5152823175

Tax Period

2024-07-01 to 2025-06-30

IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1970, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

PROMOTE INDEPENDENT HIGHER EDUCATION IN IOWA

Program Service Accomplishments

Program 1

Expenses: $638,972

DISSEMINATING INFORMATION ABOUT IOWA PRIVATE COLLEGES AND UNIVERSITIES AND REPRESENTING MEMBER SCHOOL OBJECTIVES BEFORE THE PUBLIC AND RELEVANT LEGISLATIVE

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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 $957,799

Program Service Revenue $0

Investment Income $13,382

Other Revenue $80,815

TOTAL REVENUE $1,051,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $649,614

Fundraising Expenses $0

Program Expenses $638,972

Other Expenses $371,817

TOTAL EXPENSES $1,021,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,051,996	$1,057,552	0.0%
Expenses	$1,021,431	$1,020,959	+0.0%
Net Income	$30,565	$36,593	-0.2%

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

$430,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED SELIGER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LENZMEIER	TREASURER	2.00	Officer Director	$0	$0	$0
MARK PUTNAM	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID HAYES	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BRAND	DIRECTOR	1.00	Director	$0	$0	$0
ERIK HOEKSTRA	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA EHRETSMAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG CHRISTY	DIRECTOR	1.00	Director	$0	$0	$0
AMY NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
RACHELLE KECK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN OTTOSSON	DIRECTOR	1.00	Director	$0	$0	$0
ADREAIN HENRY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW DRAUD	DIRECTOR	1.00	Director	$0	$0	$0
JOEL SHROCK	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS FRAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD CHAMBERLAIN	DIRECTOR	1.00	Director	$0	$0	$0
SUE STUEBNER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BENSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHY FRANKEN	DIRECTOR	1.00	Director	$0	$0	$0
BOB ALSOP	DIRECTOR	1.00	Director	$0	$0	$0
GARY STEINKE	PRESIDENT	40.00	Officer	$267,537	$0	$267,537
ANDREW BAUMERT	SECRETARY	40.00	Officer	$162,988	$0	$162,988

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	$1,051,996	$1,021,431	$937,342	$30,565
2024	$1,057,552	$1,020,959	$845,295	$36,593
2023	$1,080,190	$1,089,842	$760,421	$-9,652
2022	$1,041,331	$997,804	$709,411	$43,527
2021	$971,516	$924,352	$606,707	$47,164
2020	$1,132,021	$886,634	$741,219	$245,387
2020	$1,096,557	$993,445	$751,428	$103,112
2019	$941,429	$917,067	$592,551	$24,362
2018	$950,654	$953,443	$531,312	$-2,789

IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES