Iowa Optometric Association

Nonprofit profile at a glance

EIN
420659875
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
West Des Moines, IA, USA
Phone
5152225679
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,321,528
Expenses
$1,284,165
Assets
$4,133,666
Liabilities
$2,001

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • BENJAMIN UHL OD (VICE PRESIDENT)
  • JASON MAASDAM OD (PRESIDENT-ELECT)
  • KEITH SCHRUNK OD (PRESIDENT)
  • MICHAEL KRUGER OD (PAST PRESIDENT)
  • GARY ELLIS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • GARY ELLIS (EXECUTIVE DIRECTOR): $229,200 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 optometric association is a statewide professional association of optometrists.

What it reported doing in 2025

The association provides educational seminars to members. These seminars are used to meet continuing education requirements for license renewal by approximately 650 doctors of optometry. The association promotes healthy vision for children by annually distributing 200,000 student vision cards to every school district in Iowa. The association attempts to influence legislation which impacts members by hiring a professional lobbyist and by providing meetings for members to meet legislators. This benefits all members. The association hires staff to assist members in maximizing income from third party payers for optometric services. Approximately 250 members use this service.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating 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: 86
  • Accountability: 90
  • Sustainability: 52
  • 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: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • 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: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.8%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 3.22; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 17.8%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.6% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 3.8% 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: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $229K · 11 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $120K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 9 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 19/100.