LEE COUNTY ECONOMIC DEVELOPMENT GROUP

EIN: 043605260 501(c)(3) Community Improvement

MONTROSE, IA

Total Revenue
$427,825
Total Expenses
$756,824
Total Assets
$687,828
Net Assets
$625,800
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IA
Principal Officer
EMILY BENJAMIN
Phone
3195242535
Tax Period
2024-07-01 to 2025-06-30

LEE COUNTY ECONOMIC DEVELOPMENT GROUP, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $428K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $757K exceeded revenue, resulting in a 77% operating deficit.

Mission

ECONOMIC DEVELOPMENT FOR THE LEE COUNTY, IOWA COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $463,147

THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENCOURAGE ECONOMIC DEVELOPMENT AND EXPANSION IN LEE COUNTY, IOWA BY MARKETING AND PROMOTING THE GEOGRAPHIC AREA TO BUSINESSES AND INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $401,449
Program Service Revenue $0
Investment Income $2,171
Other Revenue $24,205
TOTAL REVENUE $427,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $369,383
Fundraising Expenses $174,865
Program Expenses $463,147
Other Expenses $387,441
TOTAL EXPENSES $756,824

Year-over-Year Comparison

2024 2023 Change
Revenue $427,825 $530,081 -0.2%
Expenses $756,824 $930,856 -0.2%
Net Income $-328,999 $-400,775 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$133,702
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY BENJAMIN CHIEF EXECUT 40.00
Officer
$133,702 $0 $133,702
DAVE BOGNER DIRECTOR N/A
Director
$0 $0 $0
AMY CONLEE DIRECTOR N/A
Director
$0 $0 $0
DAN CULP DIRECTOR N/A
Director
$0 $0 $0
ACACIA HAGAN EX OFFICIO N/A
Director
$0 $0 $0
CORBY HAWKINS DIRECTOR N/A
Director
$0 $0 $0
GARY HOYER DIRECTOR N/A
Director
$0 $0 $0
HEATHER HUEBNER EX-OFFICIO N/A
Director
$0 $0 $0
JASON HUTCHESON IMMEDIATE PA N/A
Officer Director
$0 $0 $0
CHARLES IRELAND CHAIR N/A
Officer Director
$0 $0 $0
COREY JONAS DIRECTOR N/A
Director
$0 $0 $0
BOB HUFFMAN JR PAST CHAIR N/A
Officer Director
$0 $0 $0
GARRY SEYB JR EX-OFFICIO N/A
Director
$0 $0 $0
KERRY KLEPFER VICE CHAIR N/A
Officer Director
$0 $0 $0
BRYAN LANGERUD DIRECTOR N/A
Director
$0 $0 $0
PAT MCCRABB DIRECTOR N/A
Director
$0 $0 $0
MICHAEL MOHRFELD DIRECTOR N/A
Director
$0 $0 $0
MATT MORRIS CAPITAL CHAI N/A
Officer Director
$0 $0 $0
MATT MORRISON DIRECTOR N/A
Director
$0 $0 $0
MICHAEL NORRIS EX-OFFICIO N/A
Director
$0 $0 $0
JUSTIN PIEPER TREASURER N/A
Officer Director
$0 $0 $0
JENNIE ROSE DIRECTOR N/A
Director
$0 $0 $0
KAY SACKVILLE EX-OFFICIO N/A
Director
$0 $0 $0
SCOTT SMITH DIRECTOR N/A
Director
$0 $0 $0
DR TIM WONDRA EX-OFFICIO N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $427,825 $756,824 $687,828 $-328,999
2024 $530,081 $930,856 $1,031,030 $-400,775
2023 $1,240,993 $714,577 $1,756,635 $526,416
2022 $903,692 $534,241 $1,195,323 $369,451
2021 $534,006 $436,947 $900,697 $97,059
2020 $457,877 $347,790 $944,878 $110,087
2019 $400,630 $452,067 $775,828 $-51,437
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