Iowa Food Bank Association
Nonprofit profile at a glance
- EIN
- 271554605
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Waterloo, IA, USA
- Phone
- 3193615483
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $549,457
- Expenses
- $700,897
- Assets
- $418,052
- Liabilities
- $133,287
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LINDA GORKOW (EXECUTIVE DIRECTOR (END 11/2025))
Highest reported compensation
- LINDA GORKOW (EXECUTIVE DIRECTOR (END 11/2025)): $85,177 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 support the feeding america food banks and their affiliates serving Iowa in their work to ensure that sufficient food is accessible to all.
What it reported doing in 2024
Supplemental nutrition assistance program (snap). Snap outreach and hotline to assist individuals, but due to lack of access and knowledge of the program many individuals do not apply to receive benefits. During the year, the organization assisted with 12,046 snap applications through the ifba hotline and outreach specialists across the state. This exceeded the ifba goal and previous years number of applications submitted. The hotline was exceptionally busy throughout the year. Snap outreach toolkit was produced and shared across Iowa to help partners provide snap application access to neighbors. Ifba educated legislature to ensure snap access for iowans in need of assistance. Ifba snap advocacy work included education and awareness of challenges snap eligibilty and application requirements proposed. Ifba also supported double up food bucks to help increase funds for snap participants to increase amount of fruits and vegetables they can purchase. Ifba advocated for allocation of legislative funds for food banks to participate in choose Iowa (food banks matched funds allocated to purchase local food in choose Iowa). Ifba continued work with all member food banks as well as ivrcd and idals to ensure the usda grant in Iowa, local food product program launched effectively and efficiently in Iowa.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 65.9%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th 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: 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: -27.6%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 65.9% of spending went to programs
- Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $462K in reported program spending
- Leadership: top reported pay $85K · 8 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 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.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.