IOWA HEALTH CARE ASSOCIATION (EIN 426067903) - 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

1950

Legal Domicile

Principal Officer

BRENT WILLETT

Phone

5159782204

Tax Period

2024-01-01 to 2024-12-31

IOWA HEALTH CARE ASSOCIATION, founded in 1950, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

A PROFESSIONAL TRADE ASSOCIATION SERVING THE LONG-TERM CARE PROFESSION IN THE STATE 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 $20,000

Program Service Revenue $4,904,316

Investment Income $239

Other Revenue $0

TOTAL REVENUE $4,924,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,765,007

Fundraising Expenses $0

Other Expenses $2,035,634

TOTAL EXPENSES $4,800,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,924,555	$4,394,290	+0.1%
Expenses	$4,800,641	$4,698,947	+0.0%
Net Income	$123,914	$-304,657	-1.4%

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

117

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

$856,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD CURPHEY	IHCA CHAIR	2.00	Officer Director	$0	$0	$0
LISA TOTI	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
KRIS HANSEN	CHAIR APPOINTMENT	2.00	Officer Director	$0	$0	$0
DAVE DIXON	IHCA IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
DAVID CHENSVOLD	TREASURER, SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BEAL	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
DUSTIN SCHOLZ	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
JORDAN WINEINGER	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
LEAH GALVIN	ICHC CHAIR	2.00	Director	$0	$0	$0
BRYNN RODGERS	ICHC CHAIR	2.00	Director	$0	$0	$0
JESSICA MCDYER	MULTI-FACILITY CONFERENCE	2.00	Director	$0	$0	$0
DIANA ROBERTS	NE DISTRICT DIRECTOR	2.00	Director	$0	$0	$0
JASON TJADEN	NON-PROPRIETARY CONFERENCE	2.00	Director	$0	$0	$0
WENDY NELSON	NW DISTRICT DIRECTOR	2.00	Director	$0	$0	$0
STEVE CHAMLEY	PROPRIETARY CONFERENCE CHA	2.00	Director	$0	$0	$0
JEFFREY KARL SCHMIDT	SE DISTRICT DIRECTOR	2.00	Director	$0	$0	$0
IAN STOCKBERGER	SINGLE-FACILITY CONFERENCE	2.00	Director	$0	$0	$0
JULIANNE MARRIOTT	SW DISTRICT DIRECTOR	2.00	Director	$0	$0	$0
BRENT WILLETT	CHIEF EXECUTIVE OFFICER	50.00	Officer	$797,793	$58,377	$856,170
MEREA BENTROTT	SVP GOV'T RELATIONS & COO	40.00	Highest	$428,405	$36,498	$464,903
KIMBER LARSON	QUALITY IMPROVEMENT DIRECTOR	40.00	Highest	$119,032	$5,638	$124,670
MEGAN STOULIL	SENIOR VP OPERATIONS & CFO	40.00	Highest	$182,430	$9,597	$192,027
BRENDA IRLBECK	VP OF QUALITY & CLINICAL S	40.00	Highest	$150,478	$13,419	$163,897
BRANDON HAGEN	SENIOR VP, REIMBURSEMENT &	40.00	Highest	$138,370	$19,020	$157,390
DAVE TOMLIN	VP, CONVENTION & EDUCATION	40.00	Highest	$115,098	$17,791	$132,889

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	$4,924,555	$4,800,641	$3,290,096	$123,914
2023	$4,394,290	$4,698,947	$3,122,109	$-304,657
2022	$3,938,981	$4,165,037	$3,414,211	$-226,056
2021	$4,014,533	$3,513,846	$3,564,712	$500,687
2020	$3,121,604	$2,993,275	$3,036,775	$128,329
2019	$3,508,899	$3,280,259	$3,064,252	$228,640
2018	$3,303,674	$3,185,683	$2,981,702	$117,991

IOWA HEALTH CARE ASSOCIATION