AGRIBUSINESS ASSOCIATION OF IOWA (EIN 420894536) - 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

1964

Legal Domicile

Principal Officer

JOAN OBRIEN

Phone

5152628323

Tax Period

2023-10-01 to 2024-09-30

AGRIBUSINESS ASSOCIATION OF IOWA, founded in 1964, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 9% surplus.

Mission

THE AGRIBUSINESS ASSOCIATION OF IOWA EXISTS TO ADVOCATE COMMUNICATE AND EDUCATE ON BEHALF OF A PROFESSIONAL AGRIBUSINESS INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $782,158

Program Service Revenue $687,480

Investment Income $9,240

Other Revenue $2,682

TOTAL REVENUE $1,481,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $729,774

Fundraising Expenses $389,559

Program Expenses $314,919

Other Expenses $622,250

TOTAL EXPENSES $1,352,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,481,560	$1,452,821	+0.0%
Expenses	$1,352,024	$1,452,815	-0.1%
Net Income	$129,536	$6	+21588.3%

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

$77,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLY KRUSE	PAST CHAIRMAN	5.00	Director	$0	$0	$0
AL MUHLENBRUCK	CHAIR ELECT	5.00	Director	$0	$0	$0
KEVIN DRURY	FOUNDATION REP	2.00	Director	$0	$0	$0
TRACY GATHAM	DIRECTOR	2.00	Director	$0	$0	$0
DANA GEE	DIRECTOR	2.00	Director	$0	$0	$0
BILL BEUKEMA	DIRECTOR	2.00	Director	$0	$0	$0
ERIC THUENTE	DIRECTOR	2.00	Director	$0	$0	$0
DAN LUERS	DIRECTOR	2.00	Director	$0	$0	$0
ROB DENSON	DIRECTOR	2.00	Director	$0	$0	$0
JAY HARMON	EX-OFFICIO	2.00	Director	$0	$0	$0
DAN ROBINSON	EX-OFFICIO	2.00	Director	$0	$0	$0
MARK MORRISSEY	EX-OFFICIO	2.00	Director	$0	$0	$0
JEFF STEINBACK	EX-OFFICIO	2.00	Director	$0	$0	$0
BILL BACKHAUS	EX-OFFICIO	2.00	Director	$0	$0	$0
JULIE KENNEY	CEO	40.00	Officer	$14,176	$517	$14,693
JOAN O'BRIEN	CFO	40.00	Officer	$59,089	$3,969	$63,058
MARK WHITE	CHAIRMAN	5.00	Officer	$0	$0	$0
JOEL NELSON	TREASURER	2.00	Officer	$0	$0	$0
KENT BENNIS	SECRETARY	2.00	Officer	$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	$1,481,560	$1,352,024	$1,172,666	$129,536
2023	$1,452,821	$1,452,815	$984,241	$6
2022	$1,467,941	$1,675,298	$998,877	$-207,357
2021	$1,670,616	$1,444,157	$1,335,786	$226,459
2020	$1,511,014	$1,607,835	$1,027,594	$-96,821
2019	$1,532,110	$1,665,462	$1,108,382	$-133,352
2018	$1,624,109	$1,643,196	$1,257,092	$-19,087

AGRIBUSINESS ASSOCIATION OF IOWA