CEDAR VALLEY GROWTH FUND I INC

EIN: 271044955 501(c)(3) Community Improvement

WATERLOO, IA

Total Revenue
$184,664
Total Expenses
$83,721
Total Assets
$1,759,069
Net Assets
$788,260
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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
IA
Principal Officer
STEVEN LINDAMAN
Phone
3198833010
Tax Period
2024-07-01 to 2025-06-30

CEDAR VALLEY GROWTH FUND I INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $185K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 55% operating margin.

Mission

ECONOMIC DEVELOPMENT LOANS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,000
Investment Income $15,255
Other Revenue $163,409
TOTAL REVENUE $184,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $936
Fundraising Expenses $0
Program Expenses $4,579
Other Expenses $82,785
TOTAL EXPENSES $83,721

Year-over-Year Comparison

2024 2023 Change
Revenue $184,664 $153,172 +0.2%
Expenses $83,721 $112,260 -0.3%
Net Income $100,943 $40,912 +1.5%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE LINDAMAN PREISDENT 2.00
Officer Director
$0 $0 $0
STEVE BRUSTKERN VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JOSEPH ENGELKES ACCOUNTANT 10.00
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 $184,664 $83,721 $1,759,069 $100,943
2024 $153,172 $112,260 $1,742,045 $40,912
2023 $178,322 $112,389 $1,802,473 $65,933
2022 $169,551 $72,942 $1,835,040 $96,609
2021 $194,749 $573,753 $1,855,858 $-379,004
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