SIOUXLAND ECONOMIC DEVELOPMENT COR… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

JACQUELINE NOHR

Phone

7122796430

Tax Period

2024-10-01 to 2025-09-30

SIOUXLAND ECONOMIC DEVELOPMENT CORPORATION, founded in 1979, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $483K, a strong 46% operating margin.

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE SIOUXLAND AREA THROUGH THE CREATION OF JOBS, BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $408,930 Revenue: $688,739

MAKING LOANS TO BUSINESSES TO MEET OBJECTIVES OF SEDC, WHICH INCLUDE FURTHERING ECONOMIC DEVELOPMENT IN THE AREA, PROMOTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND STIMULATING BUSINESS...

MAKING LOANS TO BUSINESSES TO MEET OBJECTIVES OF SEDC, WHICH INCLUDE FURTHERING ECONOMIC DEVELOPMENT IN THE AREA, PROMOTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND STIMULATING BUSINESS OPPORTUNITY.

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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 $145,070

Program Service Revenue $688,739

Investment Income $206,678

Other Revenue $0

TOTAL REVENUE $1,040,487

Expense Breakdown

Grants Paid $29,560

Salaries & Benefits $447,371

Fundraising Expenses $0

Program Expenses $408,930

Other Expenses $80,154

TOTAL EXPENSES $557,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,040,487	$991,613	+0.0%
Expenses	$557,085	$777,798	-0.3%
Net Income	$483,402	$213,815	+1.3%

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

$125,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUSTY SMALL	CHAIR	1.00	Officer Director	$0	$0	$0
DON KLYNSMA	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
RANDALL KRAMER	SECRETARY	1.00	Officer Director	$0	$0	$0
KENT KOLBE	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH HAMANN	DIRECTOR	1.00	Director	$0	$0	$0
RON JONES	DIRECTOR	1.00	Director	$0	$0	$0
ART SILVA	DIRECTOR	1.00	Director	$0	$0	$0
JON WILCKE	DIRECTOR	1.00	Director	$0	$0	$0
JOELI DOKTER	DIRECTOR	1.00	Director	$0	$0	$0
KIANA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BROEK	DIRECTOR	1.00	Director	$0	$0	$0
TIMM FUNK	DIRECTOR	1.00	Director	$0	$0	$0
CHANCE BERNSTRAUCH	DIRECTOR	1.00	Director	$0	$0	$0
KAYLEE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK GAUL	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON KROTZ	DIRECTOR	1.00	Director	$0	$0	$0
DARWIN GAMM	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY KREI	DIRECTOR	1.00	Director	$0	$0	$0
ALEX WATTERS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH RADIG	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF EATON	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE NOHR	EXECUTIVE VICE PRESIDENT	40.00	Officer	$91,734	$34,187	$125,921

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	$1,040,487	$557,085	$5,608,777	$483,402
2024	$991,613	$777,798	$5,152,007	$213,815
2023	$861,043	$747,979	$4,913,356	$113,064
2022	$1,221,566	$743,190	$4,836,914	$478,376
2021	$1,399,550	$699,204	$4,408,942	$700,346
2020	$887,949	$816,466	$3,711,022	$71,483
2019	$871,263	$766,839	$3,616,540	$104,424
2018	$777,840	$744,839	$3,513,617	$33,001

SIOUXLAND ECONOMIC DEVELOPMENT CORPORATION