SIGOURNEY AREA DEVELOPMENT CORP (EIN 421084764) - 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

1970

Legal Domicile

Principal Officer

JEFF GRAFF

Phone

6416222288

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

PROMOTE COMMUNITY WELFARE & INDUSTRIAL DEVELOPMENT.

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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 $15,791

Program Service Revenue $0

Investment Income $5,736

Other Revenue $33,675

TOTAL REVENUE $55,202

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $24,125

Fundraising Expenses $0

Other Expenses $34,366

TOTAL EXPENSES $59,491

Year-over-Year Comparison

	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%

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

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

$17,122

Total Directors

$17,122

Key Employees

Highest Compensated

reported

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

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	$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

SIGOURNEY AREA DEVELOPMENT CORP