IOWA RENEWABLE FUELS ASSOCIATION

EIN: 431982636 Community Improvement

WEST DES MOINES, IA

Total Revenue
$1,758,933
Total Expenses
$1,526,486
Total Assets
$1,755,030
Net Assets
$1,231,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IA
Principal Officer
MONTGOMERY SHAW
Phone
5152526249
Tax Period
2024-01-01 to 2024-12-31

IOWA RENEWABLE FUELS ASSOCIATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 13% surplus.

Mission

TO PROMOTE THE COMMON BUSINESS INTERESTS OF MEMBER COMPANIES WITHOUT PROFIT AND WITHOUT THE INURING OF INCOME TO THE BENEFIT OF ANY MEMBER COMPANY OR INDIVIDUAL. TO PRESENT THE EXECUTIVE, LEGISLATIVE, JUDICIAL AND REGULATORY BODIES INSTITUTIONAL VIEWS THAT ARE IN THE BEST INTERESTS OF THE GENERAL PUBLIC, THE RENEWABLE FUELS INDUSTRY, AND CONSUMERS. TO WORK FOR LEGISLATION AND FOR REGULATIONS THAT CAN REASONABLY BE EXPECTED TO ACCOMPLISH THE AFORESAID PURPOSES AND TO OPPOSE LEGISLATION AND REGULATIONS NOT CONSISTENT WITH SUCH PURPOSES. TO COOPERATE WITH THOSE EXECUTIVE, LEGISLATIVE, JUDICIAL AND REGULATORY BODIES IN ACHIEVING THOSE STANDARDS OF EXCELLENCE WHICH ENGENDER THE CONFIDENCE OF THE PUBLIC AND OF THE BUSINESS COMMUNITY IN THE PRODUCTS AND SERVICES OF MEMBER COMPANIES AND IN THE IMPARTIAL REGUALTION OF THE BUSINESS OF MEMBER COMPANIES. TO FOSTER THE DEVELOPMENT AND GROWTH OF THE RENEWABLE FUELS INDUSTRY IN IOWA THROUGH EDUCATION, PROMOTION AND INFRASTRUCTURE DEVELOPMENT.

Program Service Accomplishments

Program 1

PUBLIC POLICY: RENEWABLE FUELS ARE GREATLY IMPACTED BY PUBLIC POLICY. WE CONDUCTED OUR ANNUAL BIOFUELS: SCIENCE AND SUBSTAINABILITY TOUR FOR 37 US HOUSE AND SENATE STAFF. IRFA ALSO WORKED ON PUBLIC...

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PUBLIC POLICY: RENEWABLE FUELS ARE GREATLY IMPACTED BY PUBLIC POLICY. WE CONDUCTED OUR ANNUAL BIOFUELS: SCIENCE AND SUBSTAINABILITY TOUR FOR 37 US HOUSE AND SENATE STAFF. IRFA ALSO WORKED ON PUBLIC POLICY LEGISLATIVE ISSUES IN BOTH IOWA AND WASHINGTON, DC.

Program 2

CONSUMER EDUCATION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) HOSTS AN ANNUAL RENEWABLE FUELS SUMMIT OPEN TO THE PUBLIC AT NO CHARGE. OVER 700 REGISTERED ATTENDEES LEARNED ABOUT IOWA'S ETHANOL AND...

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CONSUMER EDUCATION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) HOSTS AN ANNUAL RENEWABLE FUELS SUMMIT OPEN TO THE PUBLIC AT NO CHARGE. OVER 700 REGISTERED ATTENDEES LEARNED ABOUT IOWA'S ETHANOL AND BIODIESEL INDUSTRIES AS WELL AS THE OBSTACLES CONFRONTING THESE INDUSTRIES.SEVERAL OTHER ADVERTISING AND EVENTS WERE HELD, EDUCATING THOUSANDS OF CONSUMERS.

Program 3

PRODUCT PROMOTION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) CONDUCTED DIRECT OUTREACH TO IOWA RETAILERS TO EDUCATE THEM ON THE BENEFITS OF ADDING E15, E85 AND/OR BIODIESEL TO THEIR PRODUCT OFFERINGS...

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PRODUCT PROMOTION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) CONDUCTED DIRECT OUTREACH TO IOWA RETAILERS TO EDUCATE THEM ON THE BENEFITS OF ADDING E15, E85 AND/OR BIODIESEL TO THEIR PRODUCT OFFERINGS. THERE WERE DOZENS OF INDIVIDUAL MEETINGS, LEADING TO A TOTAL OF OVER 400 E15 LOCATIONS, 350 E85 LOCATIONS, AND NEARLY 800 BIODIESEL LOCATIONS. COMBINED, THESE LOCATIONS SERVICE TENS OF THOUSANDS OF CUSTOMERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,711,865
Investment Income $47,068
Other Revenue $0
TOTAL REVENUE $1,758,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $639,778
Fundraising Expenses $0
Other Expenses $886,708
TOTAL EXPENSES $1,526,486

Year-over-Year Comparison

2024 2023 Change
Revenue $1,758,933 $1,735,973 +0.0%
Expenses $1,526,486 $1,639,156 -0.1%
Net Income $232,447 $96,817 +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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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
21

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
6
$301,961
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD WILSON PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS BOSHART VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NICK BOWDISH TREASURER 1.00
Officer Director
$0 $0 $0
TELLY PAPASIMAKIS SECRETARY 1.00
Officer Director
$0 $0 $0
AL GIESE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES BROGHAMMER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM BROOKS BOARD MEMBER 1.00
Director
$0 $0 $0
EAMONN BYRNE BOARD MEMBER 1.00
Director
$0 $0 $0
BILL COUSER BOARD MEMBER 1.00
Director
$0 $0 $0
KENT HARTWIG BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH HOODJER BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE JERKE BOARD MEMBER 1.00
Director
$0 $0 $0
TIM KEAVENEY BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD KUHLERS BOARD MEMBER 1.00
Director
$0 $0 $0
DEVIN MOGLER BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL NEES BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG SCHOENFELD BOARD MEMBER 1.00
Director
$0 $0 $0
RICK SCHWARCK BOARD MEMBER 1.00
Director
$0 $0 $0
BOB VAN GELDER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID ZIMMERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MONTGOMERY SHAW EXECUTIVE DIRECTOR 40.00
Officer
$257,881 $44,080 $301,961
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 $1,758,933 $1,526,486 $1,755,030 $232,447
2023 $1,735,973 $1,639,156 $1,482,935 $96,817
2022 $1,380,824 $1,579,842 $1,319,433 $-199,018
2021 $1,245,426 $1,121,193 $1,453,236 $124,233
2020 $919,264 $986,881 $1,211,488 $-67,617
2019 $1,227,123 $1,132,788 $1,290,206 $94,335
2018 $1,250,972 $1,145,785 $1,120,153 $105,187
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