NORTHEAST IOWA AREA AGENCY ON AGING INC

EIN: 521621262 501(c)(3) Human Services

WATERLOO, IA

Total Revenue
$8,792,157
Total Expenses
$8,743,698
Total Assets
$4,111,684
Net Assets
$2,657,582
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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
1988
Legal Domicile
IA
Principal Officer
GREG ZARS
Phone
3192722244
Tax Period
2024-07-01 to 2025-06-30

NORTHEAST IOWA AREA AGENCY ON AGING INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

WE EMPOWER OLDER INDIVIDUALS TO AGE WITH DIGNITY AND INDEPENDENCE.

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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 $7,655,626
Program Service Revenue $1,129,939
Investment Income $6,592
Other Revenue $0
TOTAL REVENUE $8,792,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,774,730
Fundraising Expenses $0
Program Expenses $7,598,157
Other Expenses $4,968,968
TOTAL EXPENSES $8,743,698

Year-over-Year Comparison

2024 2023 Change
Revenue $8,792,157 $9,644,759 -0.1%
Expenses $8,743,698 $9,487,660 -0.1%
Net Income $48,459 $157,099 -0.7%
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

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Governance

Voting Members
15
Independent Members
15
Employees
62
Volunteers
4194

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
$175,028
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DONOHUE EXECUTIVE DI 40.00
Officer
$106,839 $33,550 $140,389
HEATHER LEIBOLD FINANCE DIRE 40.00
Officer
$31,651 $2,988 $34,639
LES ASKELSON DIRECTOR 1.00
Director
$0 $0 $0
JACOB BATES PRESIDENT 1.00
Officer Director
$0 $0 $0
SALLY DAVIES DIRECTOR 1.00
Director
$0 $0 $0
DIANE DAWLEY DIRECTOR 1.00
Director
$0 $0 $0
KARI HARBAUGH DIRECTOR 1.00
Director
$0 $0 $0
JULIE HINDERS DIRECTOR 1.00
Director
$0 $0 $0
JANELL MCLREE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MURRAY DIRECTOR 1.00
Director
$0 $0 $0
GREG ORWOLL TREASURER 1.00
Officer Director
$0 $0 $0
CHELSEA PETERSEN DIRECTOR 1.00
Director
$0 $0 $0
KAYLA REYES DIRECTOR 1.00
Director
$0 $0 $0
VALERIE SCHWAGER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
AMANDA STAHLEY DIRECTOR 1.00
Director
$0 $0 $0
KATIE THORNTON-LANG DIRECTOR 1.00
Director
$0 $0 $0
JESSIE TIBBOTT DIRECTOR 1.00
Director
$0 $0 $0
GREG ZARS EXECUTIVE DI 40.00
Officer
$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
2025 $8,792,157 $8,743,698 $4,111,684 $48,459
2024 $9,644,759 $9,487,660 $4,040,786 $157,099
2023 $9,469,697 $9,447,753 $3,739,230 $21,944
2022 $9,481,257 $9,478,408 $3,520,816 $2,849
2021 $9,721,406 $9,869,400 $4,394,837 $-147,994
2020 $8,578,340 $8,635,342 $3,989,190 $-57,002
2019 $7,229,628 $7,407,319 $4,138,652 $-177,691
2018 $8,291,633 $8,429,090 $3,492,660 $-137,457
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