IOWA INDEPENDENT BANKERS

EIN: 420999525

DES MOINES, IA

Total Revenue
$729,619
Total Expenses
$742,262
Total Assets
$1,203,947
Net Assets
$415,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IA
Principal Officer
DAVID C CARIS
Phone
5154531495
Tax Period
2023-01-01 to 2023-12-31

IOWA INDEPENDENT BANKERS, founded in 1972, is a small nonprofit that reported $730K in total revenue in fiscal year 2023.

Mission

TO PROMOTE PUBLIC ENDORSEMENT OF INDEPENDENT BANKING AND TO SUPPORT AND SECURE AN ENVIROMENT THAT IS FAVORABLE TO INDEPENDENT OWNERSHIP AND LOCAL CONTROL OF IOWA BANKS THROUGH: EFFECTIVELY PROMOTING AND PROTECTING THE INTEREST OF MEMBER BANKS; PROVIDING HIGH QUALITY SERVICE AND PROJECTS TO ENHANCE MEMBER PROFITS; EFFECTIVE LOBBYING FOR FAVORABLE LEGISLATIVE AND REGULATORY ENVIROMENTS; EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF INDEPENDENT BANKING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE STATE AND ITS RESIDENTS.

Program Service Accomplishments

Program 1

PROVIDED EDUCATIONAL CLASSES AND NETWORKING SESSIONS TO NEARLY 3,000 BANKERS IN 2023.

Program 2

PROVIDED ADVOCACY FOR INDEPENDENT COMMUNITY BANKERS AT THE STATE LEGISLATURE.

Program 3

THROUGH FOR-PROFIT SUBSIDIARY, INDEPENDENT BANKERS SERVICE CORPORATION, MADE BUSINESS SERVICES AVAILABLE THROUGH VARIOUS PARTNERS TO OUR MEMBERSHIP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $707,994
Investment Income $21,625
Other Revenue $0
TOTAL REVENUE $729,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $348,726
Fundraising Expenses $0
Other Expenses $393,536
TOTAL EXPENSES $742,262

Year-over-Year Comparison

2023 2022 Change
Revenue $729,619 $741,695 0.0%
Expenses $742,262 $773,827 0.0%
Net Income $-12,643 $-32,132 -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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Governance

Voting Members
23
Independent Members
22
Employees
N/A
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
4
$213,278
Total Directors
23
$213,278
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM WOLF PRESIDENT 8.00
Officer Director
$0 $0 $0
CHAD HUDSON VICE PRESIDENT/PRES. ELECT 8.00
Director
$0 $0 $0
LUKE BRADY TREASURER 8.00
Director
$0 $0 $0
DAVID C CARIS CEO/CFO/BOARD SECRETARY 30.00
Officer Director
$205,144 $8,134 $213,278
MARY HOWELL IMMEDIATE PAST PRESIDENT 8.00
Officer Director
$0 $0 $0
JOHN RUAN IV DIRECTOR 5.00
Officer Director
$0 $0 $0
DOUG TRUEX DIRECTOR 5.00
Director
$0 $0 $0
ANNE O'NEIL DIRECTOR 5.00
Director
$0 $0 $0
JOSH GRAN DIRECTOR 5.00
Director
$0 $0 $0
RYAN MILLIGAN DIRECTOR 5.00
Director
$0 $0 $0
FRAN FLECK DIRECTOR 5.00
Director
$0 $0 $0
STEVE SPOTTS DIRECTOR 5.00
Director
$0 $0 $0
JEREMY BUNKERS DIRECTOR 5.00
Director
$0 $0 $0
DAVID STEEN DIRECTOR 5.00
Director
$0 $0 $0
BOB KLOCKE DIRECTOR 5.00
Director
$0 $0 $0
STEVE NEIGHBOR DIRECTOR 5.00
Director
$0 $0 $0
HEIDI BROWN DIRECTOR 5.00
Director
$0 $0 $0
GRANT DEAN DIRECTOR 5.00
Director
$0 $0 $0
MANDY FIELDER DIRECTOR 5.00
Director
$0 $0 $0
DANA UHLENHOPP DIRECTOR 5.00
Director
$0 $0 $0
ALAN WEISS DIRECTOR 5.00
Director
$0 $0 $0
DAVID EASTBURN EX OFFICIO 5.00
Director
$0 $0 $0
KRIS AUSBORN EX OFFICIO 5.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $729,619 $742,262 $1,203,947 $-12,643
2022 $741,695 $773,827 $1,147,744 $-32,132
2021 $761,605 $737,042 $1,000,484 $24,563
2020 $589,096 $589,605 $945,851 $-509
2019 $707,647 $811,157 $920,899 $-103,510
2018 $753,761 $791,126 $991,703 $-37,365
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