FEDERATION OF IOWA INSURERS

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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

1970

Legal Domicile

Principal Officer

LEE HENDERSON

Phone

5152422400

Tax Period

2024-12-01 to 2025-11-30

FEDERATION OF IOWA INSURERS, founded in 1970, is a small nonprofit that reported $614K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $591K left a modest 4% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO ENHANCE THE GROWTH, AWARENESS, AND UNDERSTANDING OF THE IOWA LIFE INSURANCE, HEALTH INSURANCE, AND FINANCIAL SERVICES INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $591,315 Revenue: $614,254

THE ASSOCIATION REPRESENTS THE INTERESTS OF ITS MEMBERSHIP AND THEIR CUSTOMERS IN THE LIFE INSURANCE, HEALTH INSURANCE, AND FINANCIAL SERVICES INDUSTRIES. THE SERVICES INCLUDE PROVIDING INFORMATION, TRAINING, EDUCATION, AND MONITORING OF THE LEGISLATIVE AND REGULATORY ENVIRONMENT TO ASSIST THE MEMBERSHIP WITH BUSINESS SOLUTIONS.

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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 $595,281

Program Service Revenue $0

Investment Income $18,973

Other Revenue $0

TOTAL REVENUE $614,254

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $591,315

Other Expenses $588,815

TOTAL EXPENSES $591,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,254	$490,833	+0.3%
Expenses	$591,315	$463,167	+0.3%
Net Income	$22,939	$27,666	-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

120

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
BROOKE TINER	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS CONRAD	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIAN WALK	DIRECTOR	2.00	Director	$0	$0	$0
DAN PITCHER	DIRECTOR/PAST PRESIDENT	2.00	Director	$0	$0	$0
DARREN WESTENDORF	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HEYING	DIRECTOR	2.00	Director	$0	$0	$0
ERIC NEMMERS	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE HECKENLAIBLE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF VARISCO	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
JENNIFER VERMEER	DIRECTOR	2.00	Director	$0	$0	$0
JODI AHLMAN	DIRECTOR	2.00	Director	$0	$0	$0
KARLA ASHENHURST	DIRECTOR	2.00	Director	$0	$0	$0
KIM WELCH	DIRECTOR	2.00	Director	$0	$0	$0
LAURANCE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAELANNE EHRENBERG	DIRECTOR	2.00	Director	$0	$0	$0
MIKE DOWNING	VICE PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
MITCH WASDEN	DIRECTOR	2.00	Director	$0	$0	$0
NICK GERHART	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT TEKOLSTE	PAST PRESIDENT/DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SUNDSTROM	DIRECTOR	2.00	Director	$0	$0	$0
SINEAD MADIGAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SHAFFER	DIRECTOR	2.00	Director	$0	$0	$0
TED POULSEN	DIRECTOR	2.00	Director	$0	$0	$0
TERESA HURSEY	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY BROWN	DIRECTOR	2.00	Director	$0	$0	$0
TONY LENGELING	DIRECTOR	2.00	Director	$0	$0	$0
TYLER BROWN	DIRECTOR	2.00	Director	$0	$0	$0
ZACH KEELING	PRESIDENT/DIRECTOR	2.00	Officer 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	$614,254	$591,315	$467,966	$22,939
2024	$490,833	$463,167	$445,027	$27,666
2023	$461,212	$481,103	$417,361	$-19,891
2022	$440,257	$469,524	$437,252	$-29,267
2021	$394,695	$381,935	$466,519	$12,760
2020	$304,975	$443,894	$453,759	$-138,919