OTTUMWA ECONOMIC DEVELOPMENT CORPORATION (EIN 420866300) - 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

1980

Legal Domicile

Principal Officer

JILL BUDDE

Phone

6416823465

Tax Period

2019-07-01 to 2020-06-30

OTTUMWA ECONOMIC DEVELOPMENT CORPORATION, founded in 1980, is a micro nonprofit that reported $58K in total revenue in fiscal year 2019. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $170K exceeded revenue, resulting in a 194% operating deficit.

Mission

TO RECRUIT, RETAIN, AND EXPAND NEW AND EXISTING INDUSTRY AND BUSINESS ENTERPRISES IN OTTUMWA AND WAPELLO COUNTY

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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 (2019)

Revenue Breakdown

Contributions & Grants $51,566

Program Service Revenue $0

Investment Income $6,200

Other Revenue $0

TOTAL REVENUE $57,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,398

Other Expenses $170,118

TOTAL EXPENSES $170,118

Year-over-Year Comparison

	2019	2018	Change
Revenue	$57,766	$389,098	-0.9%
Expenses	$170,118	$318,315	-0.5%
Net Income	$-112,352	$70,783	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLEY CONNING	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH GAUMER	COUNCIL	1.00	Director	$0	$0	$0
GREG HANSHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE JAEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KORY MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID VOLLMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL BUDDE	PRESIDENT	1.00	Officer	$0	$0	$0
TOM LAZIO	SECRETARY	1.00	Officer	$0	$0	$0
PHIL NOEL	TREASURER	1.00	Officer	$0	$0	$0
MARC ROE	VICE PRESIDE	1.00	Officer	$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
2020	$57,766	$170,118	No data	$-112,352
2019	$389,098	$318,315	$884,134	$70,783

OTTUMWA ECONOMIC DEVELOPMENT CORPORATION