Iowa Bankers Association
Nonprofit profile at a glance
- EIN
- 420330040
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- Johnston, IA, USA
- Phone
- 5152864300
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,308,082
- Expenses
- $3,219,354
- Assets
- $17,166,941
- Liabilities
- $2,264,462
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Highest reported compensation
- ADAM GREGG START 125 (SECRETARY): $496,193 total reported compensation
- JOHN SORENSEN END 125 (SECRETARY): $183,785 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Iowa bankers association was established to promote and improve the general welfare, business conditions and usefulness of banking and thrift institutions in Iowa.
What it reported doing in 2025
Iowa bankers association was organized to promote the general welfare and usefulness of banks and banking institutions in Iowa and to improve business conditions for Iowa banks and bankers, including, but not limited to, the following: providing continuing education programs; designing and improving financing methods; promoting safety of Iowa banks and their employees; seeking to secure and maintain channels for continuing cooperation with Iowa and federal supervisory and regulatory agencies; to furnish useful and appropriate information in the enactment and administration of banking laws; publish and distribute publications urging the use of commercial banks and savings institutions.as a wise choice and to promote patronage for Iowa banks; promote banking as a career; monitor Iowa bank practices and procedures and assist in banking services; establish research facilities and assist banks with preparing new banking developments; encourage Iowa banks to participate in community development; promote relationships of trust and mutual confidence between Iowa banks and their communities; promote uniformity of and interpretation of customs and laws affecting banking institutions of Iowa; encourage good fellowship and insure closer union among Iowa banks; provide services to Iowa banks directly or indirectly on a nonprofit basis; and encourage participation by Iowa bankers in association committees and coordinate the activities of those committees in addressing and formulating plans to enhance association services to iba members.
Operating model
- Revenue model
- Earned-program. 85% 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: 74
- Accountability: 91
- Sustainability: 55
- 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: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.7%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 5.33; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.9% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $496K · 19 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $3.1M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 8 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.