ELDORA INDUSTRIAL DEVELOPMENT CORPORATION (EIN 237351006) - 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

1958

Legal Domicile

Principal Officer

MARC ANDERSON

Phone

6419393407

Tax Period

2022-01-01 to 2022-12-31

ELDORA INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1958, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2022. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1K, a strong 32% operating margin.

Mission

Economic Development. The corporation is dedicated to the promotion of industrial and economic development within the community of Eldora, Iowa. The corporation's purpose is to assist in alleviating economic hardships and unemployment in this rural area, as well as combat community deterioration.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $3,389

Other Revenue $0

TOTAL REVENUE $4,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,979

Other Expenses $2,979

TOTAL EXPENSES $2,979

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,389	$2,007	+1.2%
Expenses	$2,979	$918	+2.2%
Net Income	$1,410	$1,089	+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

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
DAVID RUBOW	DIRECTOR & PRESIDENT	0.10	Officer Director	$0	$0	$0
MARC ANDERSON	DIRECTOR & TREASURER	0.50	Officer Director	$0	$0	$0
BEN CUTLER	DIRECTOR	0.10	Director	$0	$0	$0
DAVID VANDERWILT	DIRECTOR	0.10	Director	$0	$0	$0
STEVE THROSSEL	DIRECTOR	0.10	Director	$0	$0	$0
LEON HERNDON	DIRECTOR	0.10	Director	$0	$0	$0
MAURY HYDE	DIRECTOR	0.10	Director	$0	$0	$0
SHAWN BOLT	DIRECTOR	0.10	Director	$0	$0	$0
DEB CROSSER	DIRECTOR	0.00	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
2022	$4,389	$2,979	$502,390	$1,410
2021	$2,007	$918	$500,979	$1,089
2020	$33,504	$17,659	$499,891	$15,845
2019	$14,260	$48,818	$484,644	$-34,558
2018	$33,461	$16,242	$663,849	$17,219

ELDORA INDUSTRIAL DEVELOPMENT CORPORATION