RINGGOLD COUNTY DEVELOPMENT CORPORATION (EIN 237111011) - 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

1960

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

RINGGOLD COUNTY DEVELOPMENT CORPORATION, founded in 1960, is a small nonprofit in the Community Improvement sector that reported $551K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $458K, a strong 83% operating margin.

Mission

The mission of the organization is to strengthen the economic well-being of Ringgold County,Iowa through a commitment to business and industrial recruitment and retention; fostering a teleworking community that encourages professional growth and success; promoting recreation and tourism; and collaborating with local, regional and state governments, as well as with local schools and other area resources

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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 (2023)

Revenue Breakdown

Contributions & Grants $489,128

Program Service Revenue $15,098

Investment Income $26,868

Other Revenue $19,821

TOTAL REVENUE $550,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,581

Fundraising Expenses $0

Other Expenses $35,950

TOTAL EXPENSES $92,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,915	$702,276	-0.2%
Expenses	$92,531	$9,299	+9.0%
Net Income	$458,384	$692,977	-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

N/A

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

Total Directors

$52,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODIE GEIST	Executive Dir.	40.00	Director	$52,500	$0	$52,500
JUSTIN AKERS	Director	1.00	Director	$0	$0	$0
KIM GREENLAND	Director	1.00	Director	$0	$0	$0
KELLY MAIN	Director	1.00	Director	$0	$0	$0
SANDY PIERSCHBACHER	Director	1.00	Director	$0	$0	$0
BRANDI SHAY	Director	1.00	Director	$0	$0	$0
ANN SCHLAPIA	Director	1.00	Director	$0	$0	$0
MORGAN WALDEIER	Vice President	1.00	Director	$0	$0	$0
REGAN MAIN	President	1.00	Officer	$0	$0	$0
DICK ELLIOT	Director	1.00	Officer	$0	$0	$0
PAUL GLENDENNING	Secretary	1.00	Officer	$0	$0	$0
TRACY BARNES	Treasurer	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$550,915	$92,531	$1,447,143	$458,384
2022	$702,276	$9,299	$987,319	$692,977

RINGGOLD COUNTY DEVELOPMENT CORPORATION