IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION (EIN 421451456) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Joseph E Day

Phone

5152833100

Tax Period

2024-01-01 to 2024-12-31

IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION, founded in 1996, is a community nonprofit in the Mutual Benefit sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 26467% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 100% operating margin.

Mission

(1) Promote availability of health insurance coverage; (2) prevent abusive rating practices; and (3) improve efficiencies and fairness of marketplace.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,312,420

Investment Income $25,330

Other Revenue $642,270

TOTAL REVENUE $5,980,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,840

Other Expenses $5,840

TOTAL EXPENSES $5,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,980,020	$22,509	+264.7%
Expenses	$5,840	$27,921	-0.8%
Net Income	$5,974,180	$-5,412	-1104.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Anders	Director	1.00	Director	$0	$0	$0
Kyle Lattina	Director	1.00	Director	$0	$0	$0
Katherine Evans	Director	1.00	Officer Director	$0	$0	$0
Adam Jarvela	Director	1.00	Director	$0	$0	$0
Matt Johnson	Director	1.00	Director	$0	$0	$0
Brandon C Geib	Director	1.00	Director	$0	$0	$0
Carol Trocinski	Director	1.00	Officer Director	$0	$0	$0
Angela Burke Boston	Director	1.00	Officer Director	$0	$0	$0
Ellen Corwin	Director	1.00	Director	$0	$0	$0
Joseph E Day	Director	1.00	Officer Director	$0	$0	$0
Debra Sears	Director	1.00	Director	$0	$0	$0
Joe Teeling	Director	1.00	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
2024	$5,980,020	$5,840	$8,395,626	$5,974,180
2023	$22,509	$27,921	$2,421,446	$-5,412

IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION