WAVERLY AREA DEVELOPMENT GROUP

EIN: 420588697

WAVERLY, IA

Total Revenue
$235,306
Total Expenses
$231,989
Total Assets
$200,435
Net Assets
$151,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IA
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.

Program Service Accomplishments

Program 1
Expenses: $150,226 Revenue: $214

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%)

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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

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Governance

Voting Members
12
Independent Members
12
Employees
5
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
4
$57,142
Total Directors
11
$57,142
Key Employees
0
$0
Highest Compensated
0
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
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