Iowa Association of Business and Industry

Nonprofit profile at a glance

EIN
420332900
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152808000
Rating confidence
Limited

Official website

Reported finances

Revenue
$2,545,756
Expenses
$2,602,152
Assets
$1,987,277
Liabilities
$1,386,243

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

66 people listed

Executive titles in this filing

  • NICOLE CRAIN (PRESIDENT)
  • MICHAEL RALSTON (PRESIDENT (THRU 12/2024))
  • ANDREW DAVIS (VICE PRESIDENT OF PUBLIC POLICY)

Highest reported compensation

  • MICHAEL RALSTON (PRESIDENT (THRU 12/2024)): $321,808 total reported compensation
  • NICOLE CRAIN (PRESIDENT): $213,338 total reported compensation
  • ANDREW DAVIS (VICE PRESIDENT OF PUBLIC POLICY): $174,373 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To nurture a favorable business, economic, governmental, and social climate within the state of Iowa so our citizens can have the opportunity to enjoy the highest possible quality of life.

What it reported doing in 2024

Iowa association of business and industry (abi) is comprised of member companies representing all industries and sizes in Iowa's 99 counties. Abi members employ more than 330,000 iowans. Abi develops programming with the input of members to provide solutions to common questions in Iowa's business communities and to identify best practices in effectively addressing them. Abi has a team of industry experts dedicated to solving abi members' issues.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.2%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 32.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 57 of 57 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $322K · 66 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.