IOWA ASSOCIATION OF MUNICIPAL UTILITIES (EIN 420940587) - 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

1978

Legal Domicile

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.

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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 $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

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

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

$246,812

Total Directors

Key Employees

Highest Compensated

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
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

IOWA ASSOCIATION OF MUNICIPAL UTILITIES