Iowa Association of Community College Trustees

Nonprofit profile at a glance

EIN
420955492
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152824692
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$1,396,841
Expenses
$1,400,005
Assets
$3,414,639
Liabilities
$271,070

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

Leadership & pay

18 people listed

Highest reported compensation

  • EMILY SHIELDS (EXECUTIVE DI): $212,682 total reported compensation

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

Overview

Mission

Community colleges for Iowa advocates with one voice for accessible excellence in education.

What it reported doing in 2024

Iacct's primary mission is to promote educational interests of the citizens of the state of Iowa by developing, strengthening, and collaborating on the work of Iowa's 15 community colleges' boards of directors. To accomplish this, iacct: -facilitates the exchange of information among the community colleges; -provides information concerning the educational and economic contributions and needs of the community colleges; -facilitates the adoption of best practices by the college directors; -coordinates and facilitates communication between the iacct board, local boards of trustees, presidents, and community college work groups; -educates people at all levels of government, private business, nonprofit organizations and the general public about the education/training programs of the community colleges and their positive economic impact on Iowa, on local economies and their students' lives; and -hosts meetings and gatherings for not only the board's and presidents' committees, and many statewide community college committees who need a central meeting location, but also for nonprofits and government groups to promote the educational goals in Iowa, and to be a resource for the educational community. The work of the association is reflected in the duties of its board which include: -acting as trustees of public education and using their best efforts to protect and enhance public education for the good of the citizens of Iowa; -using the resources of the community colleges to meet the educational and training needs of all students, and workforce training needs of business and industry; -supporting cooperative programs with secondary schools, other institutions of higher learning, and with business and industry; -promoting and working for the financial well-being of Iowa's community colleges; and -working with the Iowa association of community college presidents.

Operating model

Revenue model
Earned-program. 71% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 66
  • Accountability: 100
  • Sustainability: 45
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • 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: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.2%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 2.44; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 15.2%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 89.5% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $213K · 18 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.