IOWA ASSOCIATION OF ELECTRIC COOPERATIVE HEALTH CARE TRUST

EIN: 421161992 Mutual Benefit

URBANDALE, IA

Total Revenue
$24,813,264
Total Expenses
$26,866,164
Total Assets
$8,233,196
Net Assets
$4,642,561
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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
IA
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

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

Program Service Accomplishments

Program 1
Expenses: $26,866,164 Revenue: $24,613,410

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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
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
$1,558
Total Directors
10
$7,011
Key Employees
0
$0
Highest Compensated
0
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
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