Iowa Community Capital
Nonprofit profile at a glance
- EIN
- 421502371
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2012
- Location
- Boone, IA, USA
- Phone
- 5152981871
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $333,819
- Expenses
- $946,925
- Assets
- $2,141,527
- Liabilities
- $142,641
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JEFFREY WILLIAMS (CEO)
Highest reported compensation
- JEFFREY WILLIAMS (CEO): $63,840 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 strengthen the social and economic well being of individuals and communities through financial services. Iowa community capital provides loans to low-and moderate-income individuals in Iowa.
What it reported doing in 2024
Loan & financial services: loans: small, collateral-free loans with 6 months repayment period savings: icc offers each member no fee savings services through a local bank sponsor. Members must establish a savings account for emergencies and deposit additional funds every six months. Training: icc provides trainings to help our members understand financial basics and develop leadership skills. Support: a program staff member meets bi weekly with groups of borrowers to provide support and guidance.
Operating model
- Revenue model
- Grant-funded. 72% 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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.4%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 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: Fail
- 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: -183.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 2.26; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 16.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 22.7% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.4% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $752K in reported program spending
- Leadership: top reported pay $64K · 15 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.