Nonprofit · EIN 42-1451456
IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,980,020 | $5,840 | $5,974,180 | $8,395,626 | $0 | $8,395,626 |
| December 31, 2023 | 990 | $22,509 | $27,921 | -$5,412 | $2,421,446 | $0 | $2,421,446 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,312,420
- Investment income
- $25,330
- Other revenue
- $642,270
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $2,421,446
- Total assets, end of year
- $8,395,626
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,395,626
- Gross receipts
- $5,980,020
- Employees
- 0
- Year formed
- 1996
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Anders | Director Trustee or director | 1 | $0 |
| Kyle Lattina | Director Trustee or director | 1 | $0 |
| Katherine Evans | Director Trustee or director, Officer | 1 | $0 |
| Adam Jarvela | Director Trustee or director | 1 | $0 |
| Matt Johnson | Director Trustee or director | 1 | $0 |
| Brandon C Geib | Director Trustee or director | 1 | $0 |
| Carol Trocinski | Director Trustee or director, Officer | 1 | $0 |
| Angela Burke Boston | Director Trustee or director, Officer | 1 | $0 |
| Ellen Corwin | Director Trustee or director | 1 | $0 |
| Joseph E Day | Director Trustee or director, Officer | 1 | $0 |
| Debra Sears | Director Trustee or director | 1 | $0 |
| Joe Teeling | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Anders | Director Trustee or director | 1 | $0 |
| Kyle Lattina | Director Trustee or director | 1 | $0 |
| Katherine Evans | Director Trustee or director, Officer | 1 | $0 |
| Matt Johnson | Director Trustee or director | 1 | $0 |
| Stephen T Custis | Director Trustee or director | 1 | $0 |
| Carol Trocinski | Director Trustee or director, Officer | 1 | $0 |
| Angela Burke Boston | Director Trustee or director, Officer | 1 | $0 |
| Ellen Corwin | Director Trustee or director | 1 | $0 |
| Joseph E Day | Director Trustee or director, Officer | 1 | $0 |
| Debra Sears | Director Trustee or director | 1 | $0 |
| Joe Teeling | Director Trustee or director | 1 | $0 |
| Herman C Quirmbach | Director Trustee or director | 1 | $0 |
| Hans C Wiz | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O J SYVERSON - 700 WALNUT 1300, DES MOINES, IA 50309-0000
- In care of
- % J SYVERSON
- Principal officer (990 for 2024)
- Joseph E Day, C/O J SYVERSON - 700 WALNUT 1300, DES MOINES, IA 50309
- Signed the 990
- Joseph E Day, Director & President
- Phone
- (515) 283-3100
- Return prepared by
- NYEMASTER GOODE PC
Mission
(1) Promote availability of health insurance coverage; (2) prevent abusive rating practices; and (3) improve efficiencies and fairness of marketplace.
Program accomplishments
- The organization makes assessments of and distributions to members as required under Iowa law to equalize the individual insurance carrier and organized delivery system gains and losses in the Iowa individual health benefit insurance market.Expenses $5,840 · revenue $5,312,420
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1451456
- Tax-exempt status
- 501(c)(26): State high-risk health coverage organization
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20)
- Assets (IRS master file)
- $8,395,626
- Income (IRS master file)
- $5,980,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,980,020 | $5,840 | $8,395,626 | XML |
| 990 | December 2023 | $22,509 | $27,921 | $2,421,446 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1451456).
Questions about IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION
- What is the EIN of IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION?
- The employer identification number (EIN) of IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION is 42-1451456.
- Is IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(26) since 2000.
- Are donations to IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Joseph E Day.
- Who are the officers and directors of IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,980,020, expenses of $5,840 and total assets of $8,395,626 at year end.
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