IOWA REGIONAL UTILITIES 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

1977

Legal Domicile

Principal Officer

MATT MAHLER

Phone

6417927011

Tax Period

2024-01-01 to 2024-12-31

IOWA REGIONAL UTILITIES ASSOCIATION, founded in 1977, is a mid-sized nonprofit that reported $18.0M in total revenue in fiscal year 2024. Expenses of $16.1M left a modest 11% surplus.

Mission

PROVIDE WATER AND WASTEWATER COLLECTION AND TREATMENT SERVICES TO RURAL RESIDENTS, SMALL COMMUNITIES, DEVELOPMENTS, RECREATIONAL FACILITIES AND RURAL-BASED BUSINESSES THROUGHOUT CENTRAL AND NORTHEAST IOWA.

Program Service Accomplishments

Program 1

PURPOSE OF DEVELOPING, CONSTRUCTING AND OPERATING WATER LINES, TREATMENT FACILITIES, WELLS AND RESERVOIRS TO PROVIDE WATER AND OR SEWER TREATMENT TO RESIDENTS OF CENTRAL AND NORTHEAST IOWA COUNTIES.

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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 $0

Program Service Revenue $16,787,826

Investment Income $733,255

Other Revenue $524,841

TOTAL REVENUE $18,045,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,504,559

Fundraising Expenses $0

Other Expenses $13,597,718

TOTAL EXPENSES $16,102,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,045,922	$18,787,490	0.0%
Expenses	$16,102,277	$15,434,633	+0.0%
Net Income	$1,943,645	$3,352,857	-0.4%

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

N/A

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

$211,839

Total Directors

$33,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON DUNSBERGEN	PRESIDENT	1.00	Officer Director	$4,500	$0	$4,500
DAN BRANDT	VICE-PRESIDENT	1.00	Officer Director	$3,600	$0	$3,600
DELWIN VAN ZANTE	SECRETARY	1.00	Officer Director	$4,050	$0	$4,050
CURTIS MACKIE	TREASURER	1.00	Officer Director	$3,750	$0	$3,750
DONALD STRUTHERS	DIRECTOR	1.00	Director	$3,900	$0	$3,900
BRYCE DEE	DIRECTOR	1.00	Director	$2,550	$0	$2,550
DOUG ENYART	DIRECTOR	1.00	Director	$4,200	$0	$4,200
GENE WIEMERS	DIRECTOR	1.00	Director	$3,900	$0	$3,900
KEVIN NESSA	DIRECTOR	1.00	Director	$3,450	$0	$3,450
MATT MAHLER	CEO	55.00	Officer	$173,191	$22,748	$195,939
ANGIE FREEMAN	COO	55.00	Highest	$100,229	$15,239	$115,468

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	$18,045,922	$16,102,277	$158,121,243	$1,943,645
2023	$18,787,490	$15,434,633	$157,625,848	$3,352,857
2022	$16,368,127	$14,316,213	$156,136,474	$2,051,914
2021	$16,478,418	$13,943,824	$154,093,127	$2,534,594
2020	$15,911,411	$13,152,234	$154,905,834	$2,759,177
2019	$13,798,597	$13,156,702	$154,587,230	$641,895
2018	$14,479,878	$12,770,511	$156,427,429	$1,709,367