CASS-ATLANTIC DEVELOPMENT CORP (EIN 421067441) - 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

1971

Legal Domicile

Principal Officer

STEVE TJEPKES

Phone

7122432022

Tax Period

2023-07-01 to 2024-06-30

CASS-ATLANTIC DEVELOPMENT CORP, founded in 1971, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. The organization ran a surplus of $39K, a strong 21% operating margin.

Mission

PROMOTE THE ECONOMIC DEVELOPMENT & WELFARE OF CASS COUNTY, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $128,135

Program Service Revenue $0

Investment Income $13,897

Other Revenue $45,465

TOTAL REVENUE $187,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,778

Fundraising Expenses $0

Other Expenses $50,180

TOTAL EXPENSES $148,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,497	$186,734	+0.0%
Expenses	$148,958	$145,981	+0.0%
Net Income	$38,539	$40,753	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KNUTSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT ALTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
WES ANSTEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN HOCKENBERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERYL OWEN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN CHURCH	BOARD MEMBER	2.00	Director	$0	$0	$0
CINDY WETTERLIND	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT MCCURDY	VICE PRESIDENT	2.00	Director	$0	$0	$0
KATE OLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY DEBORD	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER GRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINA BATEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE TJEPKES	PRESIDENT	2.00	Officer	$0	$0	$0
DEBBIE WATERBURY	SECRETARY	2.00	Officer	$0	$0	$0
JASON NICHOLAS	TREASURER	2.00	Officer	$0	$0	$0
SCOTT BENNETT	VICE PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	$187,497	$148,958	$1,023,823	$38,539
2023	$186,734	$145,981	$997,738	$40,753
2022	$208,627	$150,793	$986,480	$57,834
2021	$178,644	$239,672	$964,828	$-61,028

CASS-ATLANTIC DEVELOPMENT CORP