WAVERLY AREA DEVELOPMENT GROUP (EIN 420588697) - 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

1985

Legal Domicile

Principal Officer

CHELSEA PETERSEN

Phone

3193524526

Tax Period

2024-01-01 to 2024-12-31

WAVERLY AREA DEVELOPMENT GROUP, founded in 1985, is a small nonprofit that reported $235K in total revenue in fiscal year 2024.

Mission

PUBLIC RELATIONS, TOURISM AND ECONOMIC DEVELOPMENT IN THE CITY OF WAVERLY, IOWA.

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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 $191,804

Program Service Revenue $0

Investment Income $5,573

Other Revenue $37,929

TOTAL REVENUE $235,306

Expense Breakdown

Grants Paid $4,100

Salaries & Benefits $152,563

Fundraising Expenses $0

Program Expenses $150,226

Other Expenses $75,326

TOTAL EXPENSES $231,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,306	$224,685	+0.0%
Expenses	$231,989	$236,603	0.0%
Net Income	$3,317	$-11,918	-1.3%

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

$57,142

Total Directors

$57,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS TOLIVER	EXECUTIVE DIRECTOR	40.00	Officer Director	$41,619	$0	$41,619
BOB BUCKINGHAM	CHAIR PERSON	10.00	Officer Director	$0	$0	$0
CHRIS MILLER	TREASURER	10.00	Officer Director	$0	$0	$0
JODI GEERTS	DIRECTOR	2.00	Director	$0	$0	$0
CYNDI CANNEY	DIRECTOR	2.00	Director	$0	$0	$0
MARK HANAWALT	DIRECTOR	2.00	Director	$0	$0	$0
TONYA DERNER	DIRECTOR	2.00	Director	$0	$0	$0
DWANE WATERBURY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW BELL	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEA PETERSEN	EXECUTIVE DIRECTOR	2.00	Officer Director	$15,523	$0	$15,523
KRISTIN VOWELL	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	$235,306	$231,989	$200,435	$3,317
2023	$224,685	$236,603	$215,455	$-11,918
2022	$210,918	$240,055	$211,267	$-29,137
2021	$264,638	$224,725	$234,955	$39,913
2020	$196,670	$222,659	$189,759	$-25,989

WAVERLY AREA DEVELOPMENT GROUP