Iowa Mortgage Association
Nonprofit profile at a glance
- EIN
- 237437314
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Johnston, IA, USA
- Phone
- 5152864300
- Rating confidence
- Limited
Reported finances
- Revenue
- $110,128
- Expenses
- $137,261
- Assets
- $53,168
- Liabilities
- $16,700
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- TRAVIS EAGLE (PAST PRESIDENT)
- TERRY GEARHART (PRESIDENT)
- CASEY PURCELL (PRESIDENT-ELECT)
- DEREK CARTER (VICE PRESIDENT)
People named in this filing
- TRAVIS EAGLE (PAST PRESIDENT)
- TERRY GEARHART (PRESIDENT)
- CASEY PURCELL (PRESIDENT-ELECT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist in mortgage lending training and vocational guidance
What it reported doing in 2025
Promote the welfare and improve service to the community of the mortgage lenders of Iowa and gather, receive, train, and disseminate information and ideas in rendering mutual assistance and vocational guidance.spring conference had 124 attendees.fall conference had 107 attendees. Boot camp had 23 attendees.there is also a monthly newsletter published along with the annual member directory.
Operating model
- Revenue model
- Earned-program. 71% 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: 82
- Sustainability: 21
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -24.6%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -8.5% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- 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 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.