IOWA ASSOCIATION OF ELECTRIC COOPERATIVE HEALTH CARE TRUST (EIN 421161992) - 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

1975

Legal Domicile

Principal Officer

TIM FALK

Phone

5152765350

Tax Period

2023-01-01 to 2023-12-31

IOWA ASSOCIATION OF ELECTRIC COOPERATIVE HEALTH CARE TRUST, founded in 1975, is a mid-sized nonprofit in the Mutual Benefit sector that reported $24.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDER OF GROUP HEALTH MAINTENANCE FOR MEMBERS OF THE IOWA ASSOCIATION OF ELECTRIC COOPERATIVES

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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 $24,464,471

Investment Income $348,793

Other Revenue $0

TOTAL REVENUE $24,813,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,866,164

Other Expenses $1,665,048

TOTAL EXPENSES $26,866,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,813,264	$22,398,450	+0.1%
Expenses	$26,866,164	$21,848,420	+0.2%
Net Income	$-2,052,900	$550,030	-4.7%

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

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

$1,558

Total Directors

$7,011

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD O'NEIL	TRUSTEE	0.50	Director	$0	$0	$2,600
DAVID OPIE	TRUSTEE	0.50	Director	$0	$0	$0
STEVE INSKEEP	TRUSTEE	0.50	Director	$0	$0	$1,646
KEVIN WHEELER	TRUSTEE	0.50	Director	$0	$0	$0
TERESA FLOYD	TRUSTEE	0.50	Director	$0	$0	$0
COZY NELSEN	TRUSTEE	0.50	Director	$0	$0	$0
MATT WASHBURN	TRUSTEE	0.50	Director	$0	$0	$0
MARK EARHART	TRUSTEE	0.50	Director	$0	$0	$1,207
MICHAEL GEERDES	TRUSTEE	0.50	Director	$0	$0	$0
GORDON GRIEMANN	CHAIRMAN	0.50	Officer Director	$0	$0	$1,558

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	$24,813,264	$26,866,164	$8,233,196	$-2,052,900
2022	$22,398,450	$21,848,420	$8,717,543	$550,030
2021	$19,855,795	$21,378,961	$10,262,813	$-1,523,166
2020	$17,138,582	$15,980,707	$11,025,670	$1,157,875
2019	$13,761,535	$14,401,906	$9,092,524	$-640,371
2018	$11,762,604	$11,839,657	$8,422,588	$-77,053

IOWA ASSOCIATION OF ELECTRIC COOPERATIVE HEALTH CARE TRUST