GREENE COUNTY DEVELOPMENT CORP

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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

SCOTT WEBER

Phone

5153868255

Tax Period

2023-01-01 to 2023-12-31

GREENE COUNTY DEVELOPMENT CORP, founded in 1965, is a small nonprofit that reported $199K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO FOSTER, ENCOURAGE, AND PROMOTE BY FINANCIAL OR OTHER MEANS, THE ESTABLISHMENT AND GROWTH OF INDUSTRY AND BUSINESS IN GREENE COUNTY, IOWA.

Program Service Accomplishments

Program 1

TO PROVIDE FUNDS TO MAJOR LOCAL EMPLOYERS FOR RELOCATION ASSISTANCE TO ATTRACT NEW EMPLOYEES AND FAMILIES TO THE COMMUNITY, AND TO RETAIN CURRENT FAMILIES AND ALUMNI OF THE COMMUNITY.

Program 2

TO PROVIDE FUNDING TO REGIONAL SMALL BUSINESS DEVELOPMENT COUNCIL TO ATTRACT AND ASSIST LOCAL ENTREPRENUERS WITH BUSINESS STARTUPS.

Program 3

PARTICIPATION IN COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT FOR GREENE COUNTY, IOWA THROUGH COMMITMENTS TO DEVELOPING HOUSING, EDUCATION, AND OPPORTUNITIES TO ATTRACT NEW EMPLOYEES AND EMPLOYERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,773

Program Service Revenue $0

Investment Income $5,624

Other Revenue $9,117

TOTAL REVENUE $198,514

Expense Breakdown

Grants Paid $26,786

Salaries & Benefits $105,507

Fundraising Expenses $0

Other Expenses $143,387

TOTAL EXPENSES $275,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,514	$257,595	-0.2%
Expenses	$275,680	$439,724	-0.4%
Net Income	$-77,166	$-182,129	-0.6%

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

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

$65,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN PAXTON	EXECUTIVE DI	40.00	Officer	$65,668	$0	$65,668
BRETT ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
MASON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
HARRY AHRENHOLZ	EX-OFFICIO	1.00	Director	$0	$0	$0
JACQUE ANDREW	DIRECTOR	1.00	Director	$0	$0	$0
PETE BARDOLE	EX-OFFICIO	1.00	Director	$0	$0	$0
MARK BAUER	DIRECTOR	1.00	Director	$0	$0	$0
TINA BEAMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BUTTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CONNER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE DAUBENDIEK	DIRECTOR	1.00	Director	$0	$0	$0
JIM DAUBENDIEK	DIRECTOR	1.00	Director	$0	$0	$0
BOBBI DOLLINGER	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS DVORAK	DIRECTOR	1.00	Director	$0	$0	$0
NORM FANDEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
SID JONES	DIRECTOR	1.00	Director	$0	$0	$0
LORI MANNEL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCKIM	DIRECTOR	1.00	Director	$0	$0	$0
RICK MORAIN	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE MUMMA	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA NIETO	DIRECTOR	1.00	Director	$0	$0	$0
JIM OBER	TREASURER	2.00	Officer Director	$0	$0	$0
CHUCK OFFENBURGER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN RUSSELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TYLER SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
CHAD STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
MARY WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WEBER	PRESIDENT	2.00	Officer 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	No data	No data	No data	No data
2023	$198,514	$275,680	$796,875	$-77,166
2022	$257,595	$439,724	$874,006	$-182,129
2021	$281,182	$240,809	$1,108,350	$40,373
2020	$243,786	$212,109	$1,071,812	$31,677
2019	$269,008	$243,604	$1,046,665	$25,404
2018	$234,359	$236,169	$1,024,272	$-1,810