CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CEDAR RAPIDS METRO ECONOMIC ALLIANCE, founded in 1918, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024.
TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED.
ECONOMIC DEVELOPMENT - UNDER ECONOMIC DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: ATTRACT, GROW AND RETAIN INTERSTATE COMMERCE BUSINESS. OUR FOCUS IS TARGETED TOWARD...
ECONOMIC DEVELOPMENT - UNDER ECONOMIC DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: ATTRACT, GROW AND RETAIN INTERSTATE COMMERCE BUSINESS. OUR FOCUS IS TARGETED TOWARD BIO-PROCESSING/FOOD INGREDIENTS, DISTRIBUTION/LOGISTICS, ELECTRONIC EQUIPMENT/DESIGN, FOOD PROCESSING, FINANCIAL SERVICES/INSURANCE, INFORMATION TECHNOLOGY, PROCESS MANUFACTURING AND WIND ENERGY.1. DEVELOP AND MAINTAIN REPORTS OF DATA TOOLS TO ASSIST WITH PROJECT MANAGEMENT, BUSINESS AND WORKFORCE DEVELOPMENT.2. COORDINATE AND FACILITATE PROJECTS TO UTILIZE FINANCIAL TOOLS AND PROGRAMS FOR PROSPECTS AND CLIENTS.3. MAINTAIN AND ADVANCE RELATIONSHIPS WITH EXISTING COMPANIES TO IDENTIFY GROWTH AND RETENTION OPPORTUNITIES.4. DEVELOP AND IMPLEMENT STRATEGIES TO IMPROVE RECRUITMENT OF NEW COMPANIES. ALL PROGRAMS AND ECONOMIC DEVELOPMENT EFFORTS ARE DESIGNED TO MEET ONE OR MORE OF THE GOALS. WHILE MANY OF OUR ECONOMIC ALLIANCE STAFF SPEND TIME ON ECONOMIC DEVELOPMENT ORIENTED PROGRAMS, PROJECTS AND INITIATIVES, WE HAVE AN ECONOMIC DEVELOPMENT TEAM WHO SPECIFICALLY FOCUS ON MEETING OUR ECONOMIC DEVELOPMENT STRATEGIC GOALS.
COMMUNITY DEVELOPMENT - UNDER COMMUNITY DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: GROW CORE CENTRAL DISTRICTS IN CEDAR RAPIDS AND SUPPORT SURROUNDING COMMUNITIES.1. DEVELOP...
COMMUNITY DEVELOPMENT - UNDER COMMUNITY DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: GROW CORE CENTRAL DISTRICTS IN CEDAR RAPIDS AND SUPPORT SURROUNDING COMMUNITIES.1. DEVELOP AND BEGIN IMPLEMENTATION OF AN UPDATED STRATEGIC PLAN FOR THE CEDAR RAPIDS DOWNTOWN DISTRICT AND MEDICAL DISTRICT.2. ASSIST THE CITY OF CEDAR RAPIDS IN ITS PLAN FOR FLOOD PROTECTION AND FINANCIAL SUPPORT.
BUSINESS SUPPORT - UNDER BUSINESS SUPPORT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS:CREATE A STRONG BUSINESS ENVIRONMENT WHICH SUPPORTS ALL EMPLOYERS. ADDITIONALLY, WE WILL FOCUS ON...
BUSINESS SUPPORT - UNDER BUSINESS SUPPORT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS:CREATE A STRONG BUSINESS ENVIRONMENT WHICH SUPPORTS ALL EMPLOYERS. ADDITIONALLY, WE WILL FOCUS ON SMALL AND LOCALLY-OWNED BUSINESSES TO ACHIEVE THE FOLLOWING:1. ENGAGE AND CONNECT BUSINESSES THROUGH NETWORKING, COMMUNITY AND PROFESSIONAL DEVELOPMENT PROGRAMS.2. PROVIDE EDUCATION AND AWARENESS ON LOCAL, REGIONAL AND STATE INITIATIVES WHICH ENHANCE REGIONAL AND STATE TRADE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,216,184 | $3,993,880 | +0.1% |
| Expenses | $4,342,837 | $4,384,098 | 0.0% |
| Net Income | $-126,653 | $-390,218 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EKBERG HUGH | PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PARMLEY ANNE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KLEIN JAMES | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BAXTER DAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FARLINGER MAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GLEW NICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEPROS TED | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAND PAULA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| POMERANZ JEFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHEPARD ROCKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOENY MARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ZEHR JUSTIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NEUMANN DOUGLAS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$207,962 | $20,629 | $228,591 |
| CORBETT RON | VP OF ECONOMIC DEVELOPMENT | 40.00 |
Highest
|
$166,346 | $22,134 | $188,480 |
| WASTA PHIL | MEDICAL SSMID MANAGER | 40.00 |
Highest
|
$125,490 | $20,043 | $145,533 |
| WHEELER AUDREY | ASSISTANT SECRETARY | 40.00 |
Highest
|
$117,483 | $13,111 | $130,594 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,216,184 | $4,342,837 | $5,502,080 | $-126,653 |
| 2023 | $3,993,880 | $4,384,098 | $5,804,478 | $-390,218 |
| 2022 | $3,874,891 | $4,133,906 | $6,290,012 | $-259,015 |
| 2021 | $4,090,469 | $3,779,997 | $4,696,804 | $310,472 |
| 2020 | $3,625,639 | $3,801,253 | $4,378,128 | $-175,614 |
| 2019 | $3,898,420 | $4,119,590 | $4,461,324 | $-221,170 |
| 2018 | $3,843,024 | $3,806,853 | $4,342,321 | $36,171 |
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