FAIRFIELD, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 1978, is a small nonprofit that reported $653K in total revenue in fiscal year 2023. Revenue surged 420% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 76% operating margin.
TO SUSTAIN AND IMPROVE THE QUALITY OF LIFE OF THE CITIZENS OF FAIRFIELD, IOWA THROUGH TARGETED ECONOMIC DEVELOPMENT INITIATIVES AND PROGRAMS.
PROVIDE COST SHARING OF ENTREPRENEURIAL SERVICES FOR BUSINESS DEVELOPMENT.
HONOR A TEACHER FROM THE FAIRFIELD COMMUNITY SCHOOL DISTRICT FOR THEIR OUTSTANDING PERFORMANCE AND ACHIEVEMENTS.
TO ENCOURAGE YOUNG ADULTS TO RETURN TO FAIRFIELD TO SETTLE AND BEGIN THEIR LIVES 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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $652,704 | $125,439 | +4.2% |
| Expenses | $154,059 | $165,511 | -0.1% |
| Net Income | $498,645 | $-40,072 | -13.4% |
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 |
|---|---|---|---|---|---|---|
| JOE STEVER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AARON KNESS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALISSA WARD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CURTIS SMITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEN ROSS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NICK GRAHAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROGER VORHIES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED MALLOY | EXECUTIVE DI | 40.00 |
Officer
|
$0 | $0 | $0 |
| JOSH LARABY - RESIGNED 10523 | EXECUTIVE DI | 40.00 |
Officer
|
$82,155 | $7,839 | $89,994 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $652,704 | $154,059 | $2,274,006 | $498,645 |
| 2023 | $125,439 | $165,511 | $1,752,007 | $-40,072 |
| 2022 | $243,784 | $141,714 | $1,599,604 | $102,070 |
| 2021 | $170,518 | $126,567 | $2,182,962 | $43,951 |
| 2020 | $117,404 | $130,640 | $2,140,873 | $-13,236 |
| 2019 | $108,643 | $134,186 | $2,122,297 | $-25,543 |
| 2018 | $151,927 | $135,583 | $1,563,091 | $16,344 |
Compare FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INC with other nonprofits in Iowa and across the country.