IOWA DEVELOPMENT CORPORATION (EIN 262000451) - 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

2003

Legal Domicile

Phone

5152234511

Tax Period

2024-01-01 to 2024-12-31

IOWA DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $875K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $848K left a modest 3% surplus.

Mission

TO SERVE AS A MANAGING MEMBER OF A COMMUNITY DEVELOPMENT ENTITY ORGANIZED TO PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS WITHIN THE STATE OF IOWA PURSUANT TO THE COMMUNITY RENEWAL TAX RELIEF ACT OF 2000.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $875,043

TOTAL REVENUE $875,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $848,103

Other Expenses $848,103

TOTAL EXPENSES $848,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,043	$960,698	-0.1%
Expenses	$848,103	$994,819	-0.1%
Net Income	$26,940	$-34,121	-1.8%

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
DENNIS MURDOCK	President	1.00	Officer Director	$0	$0	$0
JOHN LINCH	Director	1.00	Director	$0	$0	$0
JOHN SORENSEN	Treasurer	1.00	Officer Director	$0	$0	$0
BRUCE TAMISIEA	Vice President	1.00	Officer Director	$0	$0	$0
DANIEL T ROBESON	Executive Dir.	1.00	Officer Director	$0	$0	$0
RAND FISHER	Secretary	1.00	Officer Director	$0	$0	$0
JOHN RIGLER III	Director	1.00	Director	$0	$0	$0
ADAM GREGG	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
2024	$875,043	$848,103	$1,925,001	$26,940
2023	$960,698	$994,819	$1,898,196	$-34,121
2022	$1,069,596	$1,098,560	$1,932,406	$-28,964
2021	$1,417,715	$1,465,463	$1,961,500	$-47,748
2020	$1,972,645	$1,880,555	$1,991,798	$92,090
2019	$2,353,150	$2,776,744	$1,884,629	$-423,594
2018	$1,843,160	$1,734,744	$2,289,316	$108,416

IOWA DEVELOPMENT CORPORATION