IOWA BUSINESS COUNCIL (EIN 421268754) - 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

1985

Legal Domicile

Principal Officer

JOE MURPHY

Phone

5152461700

Tax Period

2024-01-01 to 2024-12-31

IOWA BUSINESS COUNCIL, founded in 1985, is a small nonprofit that reported $605K in total revenue in fiscal year 2024. The organization ran a surplus of $105K, a strong 17% operating margin.

Mission

ENHANCE THE ECONOMIC VITALITY OF IOWA

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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 $0

Program Service Revenue $580,000

Investment Income $13,939

Other Revenue $10,571

TOTAL REVENUE $604,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,332

Fundraising Expenses $0

Other Expenses $155,923

TOTAL EXPENSES $499,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,510	$580,587	+0.0%
Expenses	$499,255	$436,083	+0.1%
Net Income	$105,255	$144,504	-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

Volunteers

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

$287,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN K SORENSEN	TREASURER	1.00	Officer Director	$0	$0	$0
PHIL JASPER	CHAIR	1.00	Officer Director	$0	$0	$0
GAGE A KENT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERRY KOUBA	TRUSTEE (THRU MAR 2024)	1.00	Director	$0	$0	$0
MAY FARLINGER	TRUSTEE (START MAR 2024)	1.00	Director	$0	$0	$0
ROB FEENEY	TRUSTEE	1.00	Director	$0	$0	$0
DARREN REBELEZ	TRUSTEE	1.00	Director	$0	$0	$0
TIM GLENN	TRUSTEE	1.00	Director	$0	$0	$0
RAJ KALATHUR	TRUSTEE	1.00	Director	$0	$0	$0
REYNOLDS CRAMER	TRUSTEE	1.00	Director	$0	$0	$0
JEFF LORENGER	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GOSCH	TRUSTEE	1.00	Director	$0	$0	$0
BOB RITZ	TRUSTEE	1.00	Director	$0	$0	$0
KELCEY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
TIM YAGGI	TRUSTEE	1.00	Director	$0	$0	$0
DAN HOUSTON	TRUSTEE	1.00	Director	$0	$0	$0
BEN MCLEAN	TRUSTEE	1.00	Director	$0	$0	$0
JASON ANDRINGA	TRUSTEE	1.00	Director	$0	$0	$0
MIKE TOUSLEY	TRUSTEE	1.00	Director	$0	$0	$0
CORY HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
MARK MEYER	TRUSTEE (THRU MAR 2024)	1.00	Director	$0	$0	$0
JILL KLINDT	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT KIZER	TRUSTEE	1.00	Director	$0	$0	$0
JOE MURPHY	EXC DIRECTOR, SECRETARY	40.00	Officer	$250,125	$37,130	$287,255

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	$604,510	$499,255	$763,627	$105,255
2023	$580,587	$436,083	$659,426	$144,504
2022	$549,818	$475,944	$520,373	$73,874
2021	$484,228	$433,558	$456,500	$50,670
2020	$480,688	$429,998	$499,324	$50,690
2019	$315,736	$444,914	$343,612	$-129,178
2018	$588,041	$458,818	$470,658	$129,223

IOWA BUSINESS COUNCIL