IOWA INSURANCE GUARANTY ASSOCIATION (EIN 426173619) - 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

1970

Legal Domicile

Principal Officer

RORY HANSEN

Phone

5152238344

Tax Period

2023-01-01 to 2023-12-31

IOWA INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a small nonprofit that reported $443K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 453% operating deficit.

Mission

FUNDING OF INSOLVENT INSURERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $265,129

Investment Income $178,147

Other Revenue $0

TOTAL REVENUE $443,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,449,502

TOTAL EXPENSES $2,449,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,276	$266,225	+0.7%
Expenses	$2,449,502	$778,330	+2.1%
Net Income	$-2,006,226	$-512,105	+2.9%

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

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
HANSEN RORY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WEIST MEG	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
BOHAN BILL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KENNEDY SEAN	DIRECTOR	1.00	Director	$0	$0	$0
HOLMES KAMI	DIRECTOR	1.00	Director	$0	$0	$0
SWINTON PAUL	DIRECTOR	1.00	Director	$0	$0	$0
ROREMYER MICHELLE	DIRECTOR	1.00	Director	$0	$0	$0
NOGA ANDREW	DIRECTOR	1.00	Director	$0	$0	$0
RUEHLE COREY	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	No data	No data	No data	No data
2023	$443,276	$2,449,502	$8,314,164	$-2,006,226
2022	$266,225	$778,330	$10,320,390	$-512,105
2021	$712,393	$822,421	$10,832,495	$-110,028
2020	$327,991	$704,849	$10,942,523	$-376,858
2019	$1,857,256	$1,208,836	$11,319,381	$648,420
2018	$1,360,347	$866,486	$10,670,961	$493,861

IOWA INSURANCE GUARANTY ASSOCIATION