SIGOURNEY, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SIGOURNEY AREA DEVELOPMENT CORP, founded in 1970, is a micro nonprofit that reported $55K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $748K represent 163 months of operating reserves.
PROMOTE COMUNITY WELFARE & INDUSTRIAL DEVELOPMENT. WE SEEK TO HAVE A ROBUST COMMUNITY BY PROMOTING EMPLOYMENT WHICH DRIVES ECONOMIC GROWTH IN THE AREA. ULTIMATELY THIS ASSISTS IN PROVIDING FOR A HIGH QUALITY OF LIFE BOTH LOCALLY AND THROUGHOUT KEOKUK COUNTY. TO STRIVE FOR THIS WE SERVE A LEAD ROLE IN INDUSTRIAL, TOURISM, AND COMMUNITY DEVELOPMENT ACTIVITIES.
PROVIDE SERVICES TO ATTRACT AND MAINTAIN BUSINESSES IN COMMUNITY. THIS INCLUDES PURCHASING LAND FOR AN INDUSTRIAL PARK AND MARKETING IT TO PROMOTE DEVELOPMENT. LAND IS SOLD TO PURCHASERS WHO ARE...
PROVIDE SERVICES TO ATTRACT AND MAINTAIN BUSINESSES IN COMMUNITY. THIS INCLUDES PURCHASING LAND FOR AN INDUSTRIAL PARK AND MARKETING IT TO PROMOTE DEVELOPMENT. LAND IS SOLD TO PURCHASERS WHO ARE INTERESTED IN DEVELOPMENT THAT BENEFITS THE COMMUNITY.
THE ORGANIZATION MANAGES A REVOLVING LOAN FUND FOR BUSINESSES THAT ARE START-UP OR EXPANDING THEIR BUSINESS IN THE AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $55,202 | $76,022 | -0.3% |
| Expenses | $59,491 | $53,014 | +0.1% |
| Net Income | $-4,289 | $23,008 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HOLLY ELLIS | EXEC ASTNT/T | 20.00 |
Officer
Director
|
$17,122 | $0 | $17,122 |
| GARY IOSBAKER | EXEC DIR/SEC | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF GRAFF | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LUCAS MEIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN WOODS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM MORLAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HUNTER BRUNS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DARIAN GRAFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN HATFIELD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON JACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY ALBERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGIE GOEHRING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $55,202 | $59,491 | $748,131 | $-4,289 |
| 2023 | $76,022 | $53,014 | $777,203 | $23,008 |
| 2022 | $46,488 | $32,149 | $759,196 | $14,339 |
| 2021 | $44,267 | $30,658 | $746,490 | $13,609 |
| 2020 | $96,389 | $36,236 | $731,800 | $60,153 |
| 2019 | $37,210 | $38,085 | $673,256 | $-875 |
| 2018 | $42,031 | $35,759 | $674,160 | $6,272 |
Compare SIGOURNEY AREA DEVELOPMENT CORP with other nonprofits in Iowa and across the country.