SOUTHERN IOWA ECONOMIC DEVELOPMENT ASSOCIATION (EIN 420923813) - 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

1965

Legal Domicile

Principal Officer

BRIAN DUNN

Phone

6416828741

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN IOWA ECONOMIC DEVELOPMENT ASSOCIATION, founded in 1965, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024.

Mission

SIEDA COMMUNITY ACTION WORKS WITH COMMUNITIES TO SECURE OPPORTUNITIES FOR PEOPLE IN NEED THROUGH ADVOCACY, COUNSELING, EDUCATION, PARTNERSHIPS, AND SUPPORTIVE SERVICES.

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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 $11,315,277

Program Service Revenue $692,471

Investment Income $39,230

Other Revenue $278,356

TOTAL REVENUE $12,325,334

Expense Breakdown

Grants Paid $2,677,573

Salaries & Benefits $6,625,603

Fundraising Expenses $0

Program Expenses $11,658,599

Other Expenses $3,054,611

TOTAL EXPENSES $12,357,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,325,334	$12,708,285	0.0%
Expenses	$12,357,787	$12,492,031	0.0%
Net Income	$-32,453	$216,254	-1.2%

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

176

Volunteers

625

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

$319,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK WEBB	CHAIR	1.00	Officer Director	$0	$0	$0
SARAH HOPKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOY PROTHERO	TREASURER	1.00	Officer Director	$0	$0	$0
RACHAEL BUTLER	SECRETARY	1.00	Officer Director	$0	$0	$0
HEIDI BAKER	DIRECTOR	1.00	Director	$0	$0	$0
DARREN BATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE DRISH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HADLEY	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY HAGMEIER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DESTYNI JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
VIOLET LANDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN REED	DIRECTOR	1.00	Director	$0	$0	$0
ALEX RICHARDS	DIRECTOR (THRU DEC 2024)	1.00	Director	$0	$0	$0
KATHY SALTGAVER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DUNN	EXECUTIVE DIRECTOR	50.00	Officer	$110,868	$11,631	$122,499
TINA JAEGERS	FISCAL OFFICER	50.00	Officer	$92,397	$8,760	$101,157
TAMMY HOTEK	DEPUTY DIRECTOR (THRU JAN 2025)	32.00	Officer	$80,988	$14,439	$95,427

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
2025	$12,325,334	$12,357,787	$5,439,572	$-32,453
2024	$12,708,285	$12,492,031	$5,365,674	$216,254
2023	$15,400,192	$15,207,270	$5,362,332	$192,922
2022	$15,262,424	$14,750,657	$4,848,905	$511,767
2021	$11,755,076	$11,502,541	$4,032,570	$252,535
2020	$9,677,179	$9,712,989	$3,717,590	$-35,810
2019	$10,446,120	$10,279,973	$3,662,914	$166,147
2018	$11,150,020	$10,882,918	$3,385,104	$267,102

SOUTHERN IOWA ECONOMIC DEVELOPMENT ASSOCIATION