LE MARS BUSINESS INITIATIVE CORP (EIN 237043864) - 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

1998

Legal Domicile

Principal Officer

MICAH LANG

Phone

7125468821

Tax Period

2025-01-01 to 2025-12-31

LE MARS BUSINESS INITIATIVE CORP, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 80% operating margin.

Mission

ALL ACTIVITIES ARE TO ENHANCE BUSINESSES IN THE COMMUNITY OF LE MARS, IOWA AND TO PROVIDE ASSISTANCE IN THE DEVELOPMENT OF THE NEW WELLS BLUE BUNNY CORPORATE CAMPUS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $2,200

Investment Income $236

Other Revenue $1,291,914

TOTAL REVENUE $1,295,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,862

Other Expenses $253,880

TOTAL EXPENSES $253,880

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,295,350	$1,113,825	+0.2%
Expenses	$253,880	$311,345	-0.2%
Net Income	$1,041,470	$802,480	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BARTHOLE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BAUMGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
ROB BIXENMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BRUNS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD CAVE	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM FORBES	DIRECTOR	1.00	Director	$0	$0	$0
MARK GAUL	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM KELEHER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KOVARNA	DIRECTOR	1.00	Director	$0	$0	$0
MICAH LANG	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
BRAD PICK	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SCHMITZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SCHUSTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PEGGY SITZMANN	DIRECTOR	1.00	Director	$0	$0	$0
JASON VACURA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WEBNER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WELLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DUSTIN WRIGHT	DIRECTOR	1.00	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	$1,295,350	$253,880	$24,697,869	$1,041,470
2024	$1,113,825	$311,345	$22,715,276	$802,480
2023	$1,180,010	$193,169	$21,417,908	$986,841
2022	$1,111,382	$168,558	$21,476,625	$942,824
2021	$944,141	$273,389	$22,448,291	$670,752
2020	$806,536	$274,264	$23,637,379	$532,272
2019	$1,089,899	$522,210	$24,396,558	$567,689
2018	$819,534	$249,901	$25,890,939	$569,633

LE MARS BUSINESS INITIATIVE CORP