LEE COUNTY ECONOMIC DEVELOPMENT GROUP (EIN 043605260) - Form 990 Financial Analysis & Trantor Score

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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

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

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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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$133,702

Total Directors

Key Employees

Highest Compensated

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

LEE COUNTY ECONOMIC DEVELOPMENT GROUP