IFBF PROPERTY MANAGEMENT INC

EIN: 421472056

WEST DES MOINES, IA

Total Revenue
$24,419,247
Total Expenses
$9,952,991
Total Assets
$85,555,631
Net Assets
$75,885,218
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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
1998
Legal Domicile
IA
Principal Officer
MARTY SCHWAGER
Phone
5152255400
Tax Period
2023-11-01 to 2024-10-31

IFBF PROPERTY MANAGEMENT INC, founded in 1998, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $14.5M, a strong 59% operating margin.

Mission

A TITLE HOLDING CORPORATION.

Program Service Accomplishments

Program 1

BUILDING SERVICES - COLLECTED APPROPRIATE LEASE REVENUE, PAID ORDINARY AND NECESSARY EXPENSES OF OPERATING THE PROPERTY, ALLOWED FOR DEPRECIATION AND TURNED OVER THE EXCESS REVENUE OVER EXPENSES TO...

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BUILDING SERVICES - COLLECTED APPROPRIATE LEASE REVENUE, PAID ORDINARY AND NECESSARY EXPENSES OF OPERATING THE PROPERTY, ALLOWED FOR DEPRECIATION AND TURNED OVER THE EXCESS REVENUE OVER EXPENSES TO ITS EXEMPT PARENT.

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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 $15,006,978
Investment Income $9,338,024
Other Revenue $74,245
TOTAL REVENUE $24,419,247

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,597,158
Fundraising Expenses $0
Other Expenses $7,355,833
TOTAL EXPENSES $9,952,991

Year-over-Year Comparison

2023 2022 Change
Revenue $24,419,247 $20,623,159 +0.2%
Expenses $9,952,991 $9,598,013 +0.0%
Net Income $14,466,256 $11,025,146 +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

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Governance

Voting Members
4
Independent Members
N/A
Employees
46
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
5
$4,946,910
Total Directors
5
$4,946,910
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT JOHNSON PRESIDENT 1.00
Officer Director
$0 $40,473 $415,751
TIMOTHY BIGLEY VICE PRESIDENT OF FINANCE 5.00
Officer Director
$0 $70,048 $290,977
MARTY SCHWAGER VICE PRESIDENT & SECRETARY 2.00
Officer Director
$0 $364,444 $1,095,919
MARK WICKHAM GENERAL COUNSEL 2.00
Officer Director
$0 $71,943 $664,373
JAMES GARDNER FORMER VICE PRESIDENT OF FINANCE 5.00
Officer Director
$0 $1,988,551 $2,479,890
EDWARD PARKER FORMER GENERAL COUNSEL 0.00
$0 $10,961 $124,347
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 $24,419,247 $9,952,991 $85,555,631 $14,466,256
2023 $20,623,159 $9,598,013 $80,828,803 $11,025,146
2022 $18,145,472 $9,460,918 $72,856,551 $8,684,554
2021 $22,293,652 $8,954,638 $79,758,267 $13,339,014
2020 $20,324,859 $8,690,983 $66,458,037 $11,633,876
2019 $20,079,416 $8,553,879 $63,530,149 $11,525,537
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