CEDAR RAPIDS METRO ECONOMIC ALLIANCE (EIN 420172900) - 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

1918

Legal Domicile

Principal Officer

AUDREY WHEELER

Phone

3193985317

Tax Period

2024-01-01 to 2024-12-31

CEDAR RAPIDS METRO ECONOMIC ALLIANCE, founded in 1918, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024.

Mission

TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED.

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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 $23,580

Program Service Revenue $3,774,509

Investment Income $228,782

Other Revenue $189,313

TOTAL REVENUE $4,216,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,155,031

Fundraising Expenses $0

Other Expenses $2,187,806

TOTAL EXPENSES $4,342,837

Year-over-Year Comparison

	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%

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

125

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

$228,591

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

CEDAR RAPIDS METRO ECONOMIC ALLIANCE