DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IOWA CENTER FOR ECONOMIC SUCCESS, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 4% surplus.
THE IOWA CENTER'S MISSION IS TO EMPOWER IOWANS WITH THE POTENTIAL TO SUCCEED AS THEY PURSUE OPPORTUNITIES FOR FINANCIAL SUCCESS. THE IOWA CENTER ACHIEVES ITS MISSION BY DELIVERING THREE LINES OF DIRECT SERVICE THAT OPEN UP SMALL BUSINESS OWNERSHIP AS A PATHWAY TO FINANCIAL FREEDOM: BUSINESS COACHING, CREDIT + LENDING, AND TAX SERVICES.
THE IOWA CENTER OFFERS TWO TAX SERVICES PROGRAMS. THE STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM PROVIDES FREE INCOME TAX PREPARATION SERVICES FOR INDIVIDUALS, FAMILIES AND SMALL...
THE IOWA CENTER OFFERS TWO TAX SERVICES PROGRAMS. THE STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM PROVIDES FREE INCOME TAX PREPARATION SERVICES FOR INDIVIDUALS, FAMILIES AND SMALL BUSINESSES WHO GENERALLY EARN UP TO ABOUT $70,000. THE IOWA CENTER PROVIDES VITA SERVICES DIRECTLY AND ALSO PROVIDES FUNDING, OVERSIGHT AND COMPLIANCE TO PARTNER ORGANIZATIONS TO PROVIDE STATEWIDE ACCESS TO THIS SERVICE. THE IOWA CENTER ALSO PROVIDES TAX PREPARATION AND PLANNING SERVICES FOR SMALL BUSINESSES. THESE PROGRAMS PROVIDE TAX SERVICES PAIRED WITH EDUCATION TO HELP IOWANS UNDERSTAND AND FULFILL THEIR TAX OBLIGATIONS, AND ENSURE THAT THEY ARE ACCESSING ALL OF THE BENEFITS AVAILABLE TO THEM UNDER THE TAX CODE.
BUSINESS COACHING. THE IOWA CENTER PROVIDES SKILL-BASED COACHING RESOURCES IN BOTH THE CLASSROOM AND THE 1:1 SETTING TO BUILD KNOWLEDGE, SKILLS AND CONFIDENCE IN SMALL BUSINESS FUNDAMENTALS. THE IOWA...
BUSINESS COACHING. THE IOWA CENTER PROVIDES SKILL-BASED COACHING RESOURCES IN BOTH THE CLASSROOM AND THE 1:1 SETTING TO BUILD KNOWLEDGE, SKILLS AND CONFIDENCE IN SMALL BUSINESS FUNDAMENTALS. THE IOWA CENTER IS ALSO HOME TO THE IOWA CENTER WOMEN'S BUSINESS CENTER (WBC) WHICH IS PART OF THE US SMALL BUSINESS ADMINISTRATION'S NATIONAL NETWORK OF ENTREPRENEURSHIP CENTERS THROUGHOUT THE UNITED STATES.
CREDIT + LENDING. THE IOWA CENTER SUPPORTS ENTREPRENEURS WITH BUSINESS COACHING AND TECHNICAL ASSISTANCE FOR BORROWERS PURSUING TRADITIONAL LENDING OPTIONS, AS WELL AS ACCESS TO ALTERNATIVE FLEXIBLE...
CREDIT + LENDING. THE IOWA CENTER SUPPORTS ENTREPRENEURS WITH BUSINESS COACHING AND TECHNICAL ASSISTANCE FOR BORROWERS PURSUING TRADITIONAL LENDING OPTIONS, AS WELL AS ACCESS TO ALTERNATIVE FLEXIBLE LENDING OPTIONS. CERTIFIED BY THE SBA AS A MICROLENDER, AND HOME TO THE IOWA CENTER LOAN FUND (ICLF), COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), THE IOWA CENTER PROVIDES LOANS WITH FLEXIBLE UNDERWRITING GUIDELINES AND TECHNICAL ASSISTANCE AT EVERY STEP OF THE LOAN PROCESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,416,542 | $1,353,419 | +0.0% |
| Expenses | $1,358,204 | $1,329,227 | +0.0% |
| Net Income | $58,338 | $24,192 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CODEL FRANKLIN | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MLIVIC NERMA | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILLIPS MARK | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| RHONE JODI | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BUNNEY MARI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHORNIAK KEVIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EVERETT DAVID | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GU JINGKAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROLOW ANN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAH TAUFEEK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WING CLARISSA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WONG CHINA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WRIGHT BILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MILLIGAN MEGAN | PRESIDENT AND CEO | 36.00 |
Officer
|
$137,500 | $9,756 | $147,256 |
| WISKUS DONNELL | VP OF FINANCE | 25.00 |
Officer
|
$102,375 | $5,505 | $107,880 |
| VENALES JOSE | DIRECTOR OF CREDIT | 25.00 |
Officer
|
$101,728 | $9,334 | $111,062 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,416,542 | $1,358,204 | $1,669,276 | $58,338 |
| 2024 | $1,353,419 | $1,329,227 | $1,569,350 | $24,192 |
| 2023 | $1,154,286 | $1,340,376 | $1,323,583 | $-186,090 |
| 2022 | $1,455,133 | $1,218,083 | $1,055,272 | $237,050 |
| 2021 | $1,262,491 | $1,325,210 | $1,056,897 | $-62,719 |
| 2020 | $1,490,273 | $1,076,281 | $1,886,350 | $413,992 |
| 2019 | $985,630 | $963,668 | $494,978 | $21,962 |
| 2018 | $958,219 | $936,861 | $465,592 | $21,358 |
Compare IOWA CENTER FOR ECONOMIC SUCCESS with other nonprofits in Iowa and across the country.