POLK COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 371497331) - 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

2004

Legal Domicile

Principal Officer

CURTIS CARLSON

Phone

7154053400

Tax Period

2024-01-01 to 2024-12-31

POLK COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit that reported $132K in total revenue in fiscal year 2024. The organization ran a surplus of $22K, a strong 16% operating margin.

Mission

TO CREATE AND RETAIN ATTRACTIVE JOBS, ENHANCE OUR COMMUNITY'S TAX BASE AND FACILITATE POSITIVE SUSTAINABLE ECONOMIC GROWTH.

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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 $131,904

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $131,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,820

Other Expenses $110,143

TOTAL EXPENSES $110,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,904	$127,026	+0.0%
Expenses	$110,143	$123,347	-0.1%
Net Income	$21,761	$3,679	+4.9%

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
CURTIS CARLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN DIKKERS	VICE PRESIDE	1.00	Director	$0	$0	$0
KELLY HIBBS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HAMMERS	SECRETARY	1.00	Officer Director	$0	$0	$0
CURTIS CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA RUDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
JANICE SCHOTT	DIRECTOR	1.00	Director	$0	$0	$0
BRAD OLSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BEHLING	DIRECTOR	1.00	Director	$0	$0	$0
JILL GORRES	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MORTEL	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN BOLDIG	DIRECTOR	1.00	Director	$0	$0	$0
TONY MEYERS	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	$131,904	$110,143	$141,283	$21,761
2023	$127,026	$123,347	$119,522	$3,679
2022	$135,375	$107,045	$115,843	$28,330
2021	$119,553	$84,864	$87,513	$34,689

POLK COUNTY ECONOMIC DEVELOPMENT CORPORATION