STORM LAKE UNITED

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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

2009

Legal Domicile

Principal Officer

DANIEL JONES

Phone

7127323780

Tax Period

2023-01-01 to 2023-12-31

STORM LAKE UNITED, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $386K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $917K represent 28 months of operating reserves.

Mission

TO FOSTER AN ENVIRONMENT THAT ATTRACTS NEW BUSINESSES, SUPPORTS AND RETAINS JOBS, STIMULATES THE ECONOMIC CLIMATE AND PROMOTES QUALITY OPPORTUNITY FOR AREA RESIDENTS

Program Service Accomplishments

Program 1

STORM LAKE UNITED IS INVOLVED IN ECONOMIC DEVELOPMENT, INCLUDING PROMOTION OF THE STORM LAKE AREA AND ATTRACT NEW BUSINESSES AND RESIDENTS.

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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 $376,518

Program Service Revenue $0

Investment Income $8,970

Other Revenue $685

TOTAL REVENUE $386,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,787

Fundraising Expenses $0

Other Expenses $294,816

TOTAL EXPENSES $390,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,173	$327,924	+0.2%
Expenses	$390,603	$291,868	+0.3%
Net Income	$-4,430	$36,056	-1.1%

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

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

$52,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BREANNA HORSEY	EXECUTIVE DI	40.00	Director	$15,316	$0	$15,316
GELDER PINEDA	EXECUTIVE DI	40.00	Director	$37,464	$0	$37,464
GARY STERLING	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL JONES	TREASURER	7.00	Officer Director	$0	$0	$0
BROOKE SIEVERS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS CLEVELAND	DIRECTOR	2.00	Director	$0	$0	$0
DR STACEY COLE	DIRECTOR	2.00	Director	$0	$0	$0
KAITE GUNKELMAN	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HEFFERMAN	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA RIGGENBERG	DIRECTOR	2.00	Director	$0	$0	$0
GEORGIA WEAVER	DIRECTOR	2.00	Director	$0	$0	$0
JOAN CANTY	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$386,173	$390,603	$926,156	$-4,430
2022	$327,924	$291,868	$939,081	$36,056
2021	$278,821	$277,243	$902,731	$1,578
2020	$277,981	$284,446	$964,560	$-6,465
2019	$309,660	$321,595	$945,906	$-11,935
2018	$251,028	$274,970	$973,608	$-23,942