IOWA UTILITY ASSOCIATION

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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

1971

Legal Domicile

Principal Officer

CHARLES ALLEN

Phone

5159822115

Tax Period

2023-01-01 to 2023-12-31

IOWA UTILITY ASSOCIATION, founded in 1971, is a small nonprofit that reported $673K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP, ORGANIZE, AND PROMOTE IMPROVEMENT IN THE COMMON BUSINESS INTERESTS AND CONDITIONS OF THE INVESTOR-OWNED PUBLIC UTILITIES WITH FACILITIES IN THE STATE OF IOWA.

Program Service Accomplishments

Program 1

GOVERNMENT RELATIONS/INDUSTRY SERVICES/PROGRAM ACTIVITIES CARRYING OUT RESPONSIBILITIES FOR RELATING INDUSTRYS NEEDS TO PUBLIC BODIES. IT INCLUDES REVIEW AND COMMENTS REGARDING PENDING LEGISLATION...

GOVERNMENT RELATIONS/INDUSTRY SERVICES/PROGRAM ACTIVITIES CARRYING OUT RESPONSIBILITIES FOR RELATING INDUSTRYS NEEDS TO PUBLIC BODIES. IT INCLUDES REVIEW AND COMMENTS REGARDING PENDING LEGISLATION, ADMINISTRATIVE RULES AND REGULATED ACTIVITIES. ALSO INCLUDES THE COST OF OPERATIONS TO GENERALLY DEVELOP, ORGANIZE, AND PROMOTE IMPROVEMENT IN THE COMMON BUSINESS INTEREST AND CONDITIONS OF THE INVESTOR-OWNED PUBLIC UTILITIES IN THE STATE OF IOWA.

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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 $580,719

Program Service Revenue $92,056

Investment Income $212

Other Revenue $0

TOTAL REVENUE $672,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,974

Fundraising Expenses $0

Other Expenses $419,688

TOTAL EXPENSES $691,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$672,987	$1,176,791	-0.4%
Expenses	$691,662	$1,194,066	-0.4%
Net Income	$-18,675	$-17,275	+0.1%

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

$236,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES ALLEN	EXECUTIVE DIRECTOR	040.00	Officer	$199,737	$36,353	$236,090
TERRY KOUBA	DIRECTOR	000.30	Director	$0	$0	$0
KELCEY BROWN	DIRECTOR	000.30	Director	$0	$0	$0
DUSKY TERRY	CHAIR	000.30	Officer Director	$0	$0	$0
SHIRLEY WELTE	DIRECTOR	000.30	Director	$0	$0	$0
KEVIN JAROSZ	DIRECTOR	000.30	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	No data	No data	No data	No data
2023	$672,987	$691,662	$290,753	$-18,675
2022	$1,176,791	$1,194,066	$362,006	$-17,275
2021	$631,385	$703,534	$517,117	$-72,149
2020	$570,377	$541,602	$545,353	$28,775
2019	$674,521	$566,216	$562,508	$108,305