Polk County Bar Association (EIN 426089297) - 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

1960

Legal Domicile

Principal Officer

Erin C Lain

Phone

5152433904

Tax Period

2024-01-01 to 2024-12-31

Polk County Bar Association, founded in 1960, is a small nonprofit that reported $214K in total revenue in fiscal year 2024.

Mission

Provide education and opportunities for professional interaction for lawyers in Polk County, 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 $193,317

Program Service Revenue $17,815

Investment Income $8,202

Other Revenue $-5,686

TOTAL REVENUE $213,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,189

Fundraising Expenses $0

Program Expenses $222,536

Other Expenses $125,347

TOTAL EXPENSES $222,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,648	$202,255	+0.1%
Expenses	$222,536	$245,926	-0.1%
Net Income	$-8,888	$-43,671	-0.8%

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

120

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
Erin C Lain	President	5.00	Officer Director	$0	$0	$0
Drew J Gentsch	President-Elect	5.00	Officer Director	$0	$0	$0
Joseph F Moser	Vice President	5.00	Officer Director	$0	$0	$0
Ryan Sheahan	Treasurer	5.00	Officer Director	$0	$0	$0
Debra A Hockett-Clark	Governor	2.00	Director	$0	$0	$0
Nicholas O Cooper	Governor	2.00	Director	$0	$0	$0
Amy K Davis	Governor	2.00	Director	$0	$0	$0
Laura J Lockwood	Director	2.00	Director	$0	$0	$0
Nathan A Olson	Director	2.00	Director	$0	$0	$0
Stephanie L Marett	Governor	2.00	Director	$0	$0	$0
K Dwayne Vande Krol	Director	2.00	Director	$0	$0	$0
Elizabeth Kellner-Nelson	Governor	2.00	Director	$0	$0	$0
Adam D Zenor	Governor	2.00	Director	$0	$0	$0
William J Miller	Governor	2.00	Director	$0	$0	$0
Cynthia Rybolt	Governor	2.00	Director	$0	$0	$0
Hon David Nelmark	Director	2.00	Director	$0	$0	$0
Corrin N Hatala	Secretary	5.00	Officer Director	$0	$0	$0
Kathryn Overberg	Governor	2.00	Director	$0	$0	$0
Kristy R Rogers	Director	2.00	Director	$0	$0	$0
Travis Sheets	Governor	2.00	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	$213,648	$222,536	$276,343	$-8,888
2023	$202,255	$245,926	$285,231	$-43,671
2022	$231,597	$208,816	$328,902	$22,781
2021	$209,866	$254,589	$306,121	$-44,723
2020	$354,490	$292,119	$350,844	$62,371
2019	$331,172	$409,022	$288,473	$-77,850

Polk County Bar Association