Iowa Agriculture Water Alliance
Nonprofit profile at a glance
- EIN
- 320440113
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Ankeny, IA, USA
- Phone
- 5152518640
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Pollution Abatement and Control Services
Reported finances
- Revenue
- $3,396,695
- Expenses
- $3,173,528
- Assets
- $2,713,835
- Liabilities
- $1,111,774
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JEFF LUCAS (EXECUTIVE DIRECTOR)
People named in this filing
- KIRK LEEDS (CHAIRMAN)
- PAT MCGONEGLE (VICE CHAIRMAN)
- CRAIG FLOSS (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To increase the pace and scale of farmer-led efforts to improve water quality in Iowa.
What it reported doing in 2024
Conservation and environmental management: iawa is scaling up the adoption of conservation practices, conservation planning, and watershed planning to improve water quality and further efforts to implement the Iowa nutrient reduction strategy which has a goal of reducing the nitrogen and phosphorous loading in Iowa's waterways by 45%.
Operating model
- Revenue model
- Grant-funded. 73% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.1%; rating input score 82
- Program expense ratio: 87.7%; rating input score 88
- Fundraising efficiency: $33.08 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.6%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 17.5% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 82.1% of revenue deployed · 87.7% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $2.8M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Highest-paid contractors: 2 contractors listed · $2.7M reported
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.