IOWA BANKERS BENEFIT PLAN (EIN 421122086) - 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

CHAD J ELLSWORTH

Phone

5152864300

Tax Period

2023-01-01 to 2023-12-31

IOWA BANKERS BENEFIT PLAN, founded in 1978, is a major nonprofit that reported $166.6M in total revenue in fiscal year 2023. Expenses of $148.2M left a modest 11% surplus.

Mission

PROVIDE HEALTH & WELFARE BENEFITS TO EMPLOYEES OF PARTICIPATING EMPLOYERS.

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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 $0

Program Service Revenue $164,443,535

Investment Income $2,147,798

Other Revenue $0

TOTAL REVENUE $166,591,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,323,350

TOTAL EXPENSES $148,200,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,591,333	$171,317,668	0.0%
Expenses	$148,200,821	$145,291,275	+0.0%
Net Income	$18,390,512	$26,026,393	-0.3%

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

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

Total Directors

Key Employees

$482,925

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX OPONSKI END 923	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID COULTER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES KENNEDY JR	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA GUTTAU	TRUSTEE	1.00	Director	$0	$0	$0
MARQUES DOPPLER END 823	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL UNDERWOOD	TRUSTEE	1.00	Director	$0	$0	$0
PAUL WALZ	TRUSTEE	1.00	Director	$0	$0	$0
SEAN NOONAN	TRUSTEE	1.00	Director	$0	$0	$0
CHAD ELLSWORTH	CHIEF ADMIN OFFICER (IBIS)	5.00	Key Emp	$0	$95,603	$482,925

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	$166,591,333	$148,200,821	$101,059,666	$18,390,512
2022	$171,317,668	$145,291,275	$80,558,458	$26,026,393
2021	$182,717,522	$171,272,456	$64,300,979	$11,445,066
2020	$171,010,096	$159,428,708	$49,027,851	$11,581,388
2019	$166,748,994	$167,336,342	$39,225,108	$-587,348
2018	$163,455,889	$162,264,737	$36,087,510	$1,191,152

IOWA BANKERS BENEFIT PLAN