IOWA DRAINAGE DISTRICT ASSOCIATION (EIN 421421758) - 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

1990

Legal Domicile

Principal Officer

Rick Pedersen

Phone

5152211961

Tax Period

2024-07-01 to 2025-06-30

IOWA DRAINAGE DISTRICT ASSOCIATION, founded in 1990, is a small nonprofit in the Environment sector that reported $370K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To promote the benefits of drainage and levee districts and to safeguard the rights and priviledges of the districts as provided by the Code 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 $366,156

Program Service Revenue $0

Investment Income $0

Other Revenue $4,000

TOTAL REVENUE $370,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,765

Fundraising Expenses $0

Other Expenses $111,726

TOTAL EXPENSES $373,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,156	$332,987	+0.1%
Expenses	$373,491	$318,399	+0.2%
Net Income	$-3,335	$14,588	-1.2%

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

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

$119,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Torbert	Executive Dir.	40.00	Officer	$119,911	$0	$119,911
Dean Kluss	Director	0.00	Director	$0	$0	$0
Scott Jacobs	Director	0.00	Director	$0	$0	$0
Brent Aden	Director	0.00	Director	$0	$0	$0
Rick Pedersen	President	0.00	Officer Director	$0	$0	$0
Jeff Quastad	Vice President	0.00	Officer Director	$0	$0	$0
Barry Anderson	Director	0.00	Director	$0	$0	$0
Keith Wirtz	Director	0.00	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	$370,156	$373,491	$136,540	$-3,335
2024	$332,987	$318,399	$139,875	$14,588
2023	$292,761	$286,395	$125,287	$6,366
2022	$267,548	$261,704	$118,921	$5,844
2021	$248,983	$228,831	$113,077	$20,152
2020	$244,921	$238,085	$92,925	$6,836
2019	$241,803	$247,544	$86,089	$-5,741

IOWA DRAINAGE DISTRICT ASSOCIATION