CEDAR VALLEY TECH WORKS INC

EIN: 204965137 501(c)(3) Community Improvement

WATERLOO, IA

Total Revenue
$388,729
Total Expenses
$597,734
Total Assets
$6,730,596
Net Assets
$6,710,296
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IA
Principal Officer
KATY SUSONG
Phone
3192321156
Tax Period
2024-07-01 to 2025-06-30

CEDAR VALLEY TECH WORKS INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $389K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $598K exceeded revenue, resulting in a 54% operating deficit.

Mission

CEDAR VALLEY TECHWORKS BRINGS TOGETHER LEADERS IN THE FIELD OF BIOTECHNOLOGY, SERVING AS A CENTER OF ACTIVITY FOR RESEARCHERS, FARMERS, INVESTORS AND BUSINESS OWNERS.

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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 $0
Program Service Revenue $366,197
Investment Income $630
Other Revenue $21,902
TOTAL REVENUE $388,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $594,565
Other Expenses $597,734
TOTAL EXPENSES $597,734

Year-over-Year Comparison

2024 2023 Change
Revenue $388,729 $464,966 -0.2%
Expenses $597,734 $615,087 0.0%
Net Income $-209,005 $-150,121 +0.4%
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
11
Independent Members
11
Employees
N/A
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE DEAVER CHAIR 0.50
Officer Director
$0 $0 $0
KATY SUSONG VICE CHAIR 0.50
Officer Director
$0 $0 $0
DON TEMEYER TREASURER 0.50
Officer Director
$0 $0 $0
CARY DARRAH SECRETARY 0.50
Officer Director
$0 $0 $0
RANDY PILKINGTON DIRECTOR 0.50
Director
$0 $0 $0
NOEL ANDERSON DIRECTOR 0.50
Director
$0 $0 $0
AARON SAUERBREI DIRECTOR 0.50
Director
$0 $0 $0
ANDREA DEVORE DIRECTOR 0.50
Director
$0 $0 $0
KATHRYN PAYNE DIRECTOR 0.50
Director
$0 $0 $0
TAVIS HALL DIRECTOR 0.50
Director
$0 $0 $0
JIM MILLER DIRECTOR 0.50
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 $388,729 $597,734 $6,730,596 $-209,005
2024 $464,966 $615,087 $6,929,043 $-150,121
2023 $-4,637,448 $651,954 $7,074,138 $-5,289,402
2022 $269,023 $633,568 $13,787,558 $-364,545
2021 $309,003 $689,968 $14,196,233 $-380,965
2020 $1,029,334 $713,851 $14,579,934 $315,483
2019 $526,785 $690,660 $14,242,033 $-163,875
2018 $133,302 $745,115 $14,401,936 $-611,813
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