Iowa Insurance Institute (EIN 426075772) - 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

Aaron Pearce

Phone

5156691304

Tax Period

2024-01-01 to 2024-12-31

Iowa Insurance Institute, founded in 1950, is a small nonprofit that reported $214K in total revenue in fiscal year 2024. Expenses of $185K left a modest 13% surplus.

Mission

Its purpose is to provide its members information regarding legislative and regulatory developments in Iowa and to monitor and introduce legislation in the property and casualty insurance industry.

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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 $212,763

Program Service Revenue $0

Investment Income $1,305

Other Revenue $0

TOTAL REVENUE $214,068

Expense Breakdown

Grants Paid $26,250

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,025

TOTAL EXPENSES $185,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,068	$220,345	0.0%
Expenses	$185,275	$188,623	0.0%
Net Income	$28,793	$31,722	-0.1%

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

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
Aaron Pearce	President, Director	3.00	Officer Director	$0	$0	$0
Michael Stern	Vice President, Director	3.00	Officer Director	$0	$0	$0
Dana Chittick	Secretary,Director	3.00	Officer Director	$0	$0	$0
Patrick Faga	Treasurer, Director	3.00	Officer Director	$0	$0	$0
Kelsey Clark	Director	3.00	Director	$0	$0	$0
Margaret Nunne	Director	3.00	Director	$0	$0	$0
Kim Decker	Director	3.00	Director	$0	$0	$0
Paul Swinton	Director	3.00	Director	$0	$0	$0
Lance Mayberry	Director	3.00	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	$214,068	$185,275	$463,891	$28,793
2023	$220,345	$188,623	$435,098	$31,722
2022	$217,927	$212,284	$403,375	$5,643
2021	$222,720	$156,462	$397,732	$66,258
2020	$231,726	$163,757	$331,474	$67,969
2019	$242,277	$183,158	$263,506	$59,119

Iowa Insurance Institute