NORTHEAST IOWA REAL ESTATE INVESTMENTS LTD

EIN: 421207432

WATERLOO, IA

Total Revenue
$109,796
Total Expenses
$308,457
Total Assets
$2,133,645
Net Assets
$1,876,744
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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
1983
Legal Domicile
IA
Principal Officer
RYAN MEYER
Phone
3192728000
Tax Period
2024-07-01 to 2025-06-30

NORTHEAST IOWA REAL ESTATE INVESTMENTS LTD, founded in 1983, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $308K exceeded revenue, resulting in a 181% operating deficit.

Mission

TO ACT AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF AFFILIATED TAX-EXEMPT ORGANIZATIONS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $109,796
Investment Income $0
Other Revenue $0
TOTAL REVENUE $109,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $308,457
Other Expenses $308,457
TOTAL EXPENSES $308,457

Year-over-Year Comparison

2024 2023 Change
Revenue $109,796 $91,530 +0.2%
Expenses $308,457 $171,082 +0.8%
Net Income $-198,661 $-79,552 +1.5%
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

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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
6

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
5
$1,576,714
Total Directors
9
$2,956,199
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT ANDERSEN MD DIRECTOR AS OF 1/25; PRES CENTRAL IA 0.50
Director
$0 $245,442 $1,931,294
JACK DUSENBERY FORMER OFFICER 0.00
$0 $21,700 $728,110
RYAN MEYER COO 0.50
Officer
$0 $104,768 $557,288
RACHELLE MAKINDE MD DIR; V CHAIR AS OF 12/24; PHYSICIAN 0.50
Officer Director
$0 $55,526 $544,631
BRIAN BURNETT MD DIRECTOR; PHYS - FAMILY MEDICINE 0.50
Director
$0 $61,569 $480,274
TIMOTHY HUBER ASSISTANT TREASURER; VP OF FINANCE 0.50
Officer
$0 $56,525 $397,268
NANCY SCHAEFER ASSISTANT SECRETARY; EXEC ASSISTANT 0.50
Officer
$0 $5,194 $77,527
DAVID DEAVER DIRECTOR; CHAIR 0.50
Officer Director
$0 $0 $0
SANDRA BENAK DIRECTOR 0.50
Director
$0 $0 $0
BRYAN BURTON DIRECTOR AS OF 1/25 0.50
Director
$0 $0 $0
NANCY KERTZ DIRECTOR AS OF 1/25 0.50
Director
$0 $0 $0
ALAN KRUGER DIRECTOR THROUGH 12/24 0.50
Director
$0 $0 $0
CAROL TOUSLEY DIRECTOR 0.50
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
2025 $109,796 $308,457 $2,133,645 $-198,661
2024 $91,530 $171,082 $2,116,847 $-79,552
2023 $138,744 $171,804 $2,217,423 $-33,060
2022 $213,554 $212,118 $2,381,306 $1,436
2021 $216,184 $217,098 $2,504,681 $-914
2020 $206,899 $198,387 $2,628,274 $8,512
2019 $171,140 $215,256 $2,751,867 $-44,116
2018 $256,848 $162,911 $2,875,460 $93,937
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