IOWA BROADCASTERS ASSOCIATION (EIN 421144372) - 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

1980

Legal Domicile

Principal Officer

BERNIE MERRILL

Phone

5152247237

Tax Period

2024-07-01 to 2025-06-30

IOWA BROADCASTERS ASSOCIATION, founded in 1980, is a small nonprofit that reported $115K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 186% operating deficit.

Mission

TO ADVANCE THE INTEREST OF THE FREE, LOCAL, OVER-THE-AIR, FULL SERVICE RADIO AND TELEVISION BROADCAST INDUSTRY IN IOWA THROUGH ASSOCIATION SPONSORED ACTIVITIES THAT ENHANCE THE LEVEL OF RESPECT FOR THE BROADCAST INDUSTRY HELD BY THE GENERAL PUBLIC, NONPROFIT ORGANIZATIONS, GOVERNMENT AGENCIES AND POLICYMAKERS, AND BUSINESS.

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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 $88,605

Program Service Revenue $15,000

Investment Income $11,153

Other Revenue $0

TOTAL REVENUE $114,758

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,961

Other Expenses $323,543

TOTAL EXPENSES $328,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,758	$151,847	-0.2%
Expenses	$328,543	$328,782	0.0%
Net Income	$-213,785	$-176,935	+0.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNIE MERRILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL SALUK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIDGET BREEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
TODD STEINKAMP	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BOBBY TOTSCH	DIRECTOR	1.00	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	$114,758	$328,543	$454,488	$-213,785
2024	$151,847	$401,413	$643,199	$-249,566
2023	$265,577	$379,446	$879,195	$-113,869
2022	$319,558	$335,951	$938,488	$-16,393
2021	$606,534	$294,091	$1,066,547	$312,443
2020	$327,047	$271,248	$657,784	$55,799
2019	$288,618	$291,113	$592,600	$-2,495

IOWA BROADCASTERS ASSOCIATION