KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 421018928) - 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

1969

Legal Domicile

Principal Officer

KERRY KLEPFER

Phone

3195246921

Tax Period

2023-07-01 to 2024-06-30

KEOKUK ECONOMIC DEVELOPMENT CORPORATION, founded in 1969, is a micro nonprofit in the Community Improvement sector that reported $93K in total revenue in fiscal year 2023. The organization ran a surplus of $76K, a strong 81% operating margin.

Mission

ECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.

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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 $70,000

Program Service Revenue $0

Investment Income $2,786

Other Revenue $20,264

TOTAL REVENUE $93,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,250

Other Expenses $17,370

TOTAL EXPENSES $17,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,050	N/A	N/A
Expenses	$17,370	N/A	N/A
Net Income	$75,680	N/A	N/A

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
ERIKA BARRET	DIRECTOR	N/A	Director	$0	$0	$0
EMANUEL BELLEGARDE	DIRECTOR	N/A	Director	$0	$0	$0
DAVE BOGNER	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIAN CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN DUNEK	DIRECTOR	N/A	Director	$0	$0	$0
MIKE HICKEY	DIRECTOR	N/A	Director	$0	$0	$0
JOSH KIRCHNER	DIRECTOR	N/A	Director	$0	$0	$0
KERRY KLEPFER	PRESIDENT	N/A	Officer Director	$0	$0	$0
KATHIE MAHONEY	DIRECTOR	N/A	Director	$0	$0	$0
DOUG MATLICK	DIRECTOR	N/A	Director	$0	$0	$0
KAY SACKVILLE	DIRECTOR	N/A	Director	$0	$0	$0
GARRY SEYB	DIRECTOR	N/A	Director	$0	$0	$0
BARB SMIDT	TREASURER	N/A	Officer Director	$0	$0	$0
RICHARD WEST	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$93,050	$17,370	$615,420	$75,680

KEOKUK ECONOMIC DEVELOPMENT CORPORATION