IOWA ASSOCIATION OF MUNICIPAL UTILITIES

EIN: 420940587

ANKENY, IA

Total Revenue
$5,643,102
Total Expenses
$5,405,160
Total Assets
$4,800,077
Net Assets
$3,593,369
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IA
Principal Officer
TROY DEJOODE
Phone
5152891999
Tax Period
2024-03-01 to 2025-02-28

IOWA ASSOCIATION OF MUNICIPAL UTILITIES, founded in 1978, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Expenses of $5.4M left a modest 4% surplus.

Mission

PROVIDE TRAINING, SAFETY AND SUPPORT TO MUNICIPAL UTILITIES.

Program Service Accomplishments

Program 1

IAMU SUPPORTS IOWAS MUNICIPAL NATURAL GAS, WATER, ELECTRIC, AND BROADBAND UTILITIES (OVER 800 MEMBERS) BY PROVIDING TRAINING, EDUCATION AND ADVOCACY ON A WIDE VARIETY OF TOPICS AND ISSUES. THERE ARE...

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IAMU SUPPORTS IOWAS MUNICIPAL NATURAL GAS, WATER, ELECTRIC, AND BROADBAND UTILITIES (OVER 800 MEMBERS) BY PROVIDING TRAINING, EDUCATION AND ADVOCACY ON A WIDE VARIETY OF TOPICS AND ISSUES. THERE ARE 135 MEMBERS IN ELECTRIC, 52 IN GAS, 590 IN WATER, AND 28 IN BROADBAND. IAMU PROVIDES RISK MANAGEMENT TRAINING SERVICES TO SMALL CLUSTERS OF MEMBERS ON A REGIONAL BASIS, REPRESENTING 750 SEPARATE MEMBER UTILITIES, AS WELL TO APPROXIMATELY THREE OTHER GOVERNMENTAL SUBDIVISIONS AS 135 AFFILIATE MEMBERS AND 122 ASSOCIATE MEMBERS. THE ASSOCIATION PROVIDES THIS TRAINING AND EDUCATION THROUGH WEBINARS, CENTRALIZED WORKSHOPS, REGIONAL MEETINGS, NEWSLETTERS, WEBPAGE AND A HOST OF OTHER METHODS AND TOOLS. IAMU OPERATES A 10 ACRE TRAINING FIELD FULLY EQUIPPED WITH NATURAL GAS, WATER AND ELECTRIC LINES AND SERVICES ON WHICH MEMBERS EMPLOYEES MAY TRAIN WITHOUT FEAR OF INJURY OR CUSTOMER DISRUPTION.

Program 2

THE ASSOCIATION PROVIDES TRAINING ON A WIDE RANGE OF SUBJECTS. IT CONDUCTS REGULAR WORKSHOPS AND CONFERENCES TO SUPPORT ELECTRIC, GAS, WATER AND BROADBAND UTILITIES. IAMU PROVIDES JOB TRAINING AND...

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THE ASSOCIATION PROVIDES TRAINING ON A WIDE RANGE OF SUBJECTS. IT CONDUCTS REGULAR WORKSHOPS AND CONFERENCES TO SUPPORT ELECTRIC, GAS, WATER AND BROADBAND UTILITIES. IAMU PROVIDES JOB TRAINING AND SAFETY SERVICES TO A STATEWIDE GROUP CONSISTING OF OVER 195 MEMBERS; 8 REGIONAL SAFETY GROUPS CONSISTING OF OVER 70 MEMBERS AND 11 INDIVIDUAL CITIES AND ORGANIZATIONS WHO UTILIZE IAMU TRAINING SERVICES UNDER SEPERATE AGREEMENTS. IAMU PROVIDES THOUSANDS OF HOURS OF MEMBER TRAINING HOURS.

Program 3

IAMU CONTRACTED WITH AN OUTSIDE LOBBYIST AT THE STATE LEVEL IN ORDER TO ADVOCATE FOR ITS MEMBERS INTERESTS, AND PROTECT THEIR NEEDS, WHILE COLLABORATING WITH NATIONAL TRADE ASSOCIATIONS TO DO THE...

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IAMU CONTRACTED WITH AN OUTSIDE LOBBYIST AT THE STATE LEVEL IN ORDER TO ADVOCATE FOR ITS MEMBERS INTERESTS, AND PROTECT THEIR NEEDS, WHILE COLLABORATING WITH NATIONAL TRADE ASSOCIATIONS TO DO THE SAME AT THE FEDERAL LEVEL. IAMU PARTICIPATES IN THE REGULATORY PROCESS ON BEHALF OF MEMBERS TO ENSURE THAT THEIR VOICE IS HEARD. THIS INCLUDES PROVIDING WRITTEN COMMENTS ON PROCEEDINGS BEFORE THE IOWA UTILITIES BOARD, THE IOWA DEPARTMENT OF NATURAL RESOURCES, THE FEDERAL ENERGY REGULATORY COMMISSION, THE ENVIRONMENTAL PROTECTION AGENCY, THE OFFICE OF PIPELINE SAFETY, THE IOWA OFFICE OF CONSUMER ADVOCATE, AND THE FEDERAL EMERGENCY MANAGEMENT ASSOCIATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,225,765
Program Service Revenue $4,111,379
Investment Income $120,832
Other Revenue $185,126
TOTAL REVENUE $5,643,102

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $3,280,366
Fundraising Expenses $0
Other Expenses $2,122,294
TOTAL EXPENSES $5,405,160

Year-over-Year Comparison

2024 2023 Change
Revenue $5,643,102 $5,312,245 +0.1%
Expenses $5,405,160 $5,161,598 +0.0%
Net Income $237,942 $150,647 +0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
42
Volunteers
11

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
6
$246,812
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TROY DEJOODE EXECUTIVE DI 40.00
Officer
$228,327 $18,485 $246,812
DAWN HYLER DIRECTOR OF 40.00
Highest
$162,135 $22,258 $184,393
DAVID HRAHA DIR. MEMBER 40.00
Highest
$144,806 $24,794 $169,600
JARED MASKER DIR. OF ELEC 40.00
Highest
$121,829 $25,500 $147,329
JILL SOENEN DIR. OF MEMB 40.00
Highest
$126,348 $20,149 $146,497
TRACY FORTUNE TRAINING SPE 40.00
Highest
$119,321 $8,003 $127,324
NATHAN LUCAS DIRECTOR 1.00
Director
$0 $0 $0
JORDAN COOK DIRECTOR 1.00
Director
$0 $0 $0
ADAM FEDDERS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN ABERNATHY DIRECTOR 1.00
Director
$0 $0 $0
RUDY KOESTER DIRECTOR 1.00
Director
$0 $0 $0
MATT VAN SCHOUWEN DIRECTOR 1.00
Director
$0 $0 $0
DON KOM PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT TONDERUM 1ST VICE PRE 1.00
Officer Director
$0 $0 $0
GAGE HUSTON 2ND VICE PRE 1.00
Officer Director
$0 $0 $0
CHAD CLEVELAND SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JIM ZEUTENHORST PAST PRESIDE 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
2026 No data No data No data No data
2025 $5,643,102 $5,405,160 $4,800,077 $237,942
2024 $5,312,245 $5,161,598 $4,674,163 $150,647
2023 $4,535,842 $4,734,363 $4,574,358 $-198,521
2022 $5,049,584 $4,631,071 $5,524,444 $418,513
2021 $4,254,384 $4,387,904 $5,231,993 $-133,520
2020 $4,938,992 $4,630,855 $5,025,866 $308,137
2019 $4,411,837 $4,265,214 $4,810,975 $146,623
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