PERRY ECONOMIC DEVELOPMENT INC (EIN 421234767) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

JEFF HUITT

Phone

5154653545

Tax Period

2023-07-01 to 2024-06-30

PERRY ECONOMIC DEVELOPMENT INC, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 381% operating deficit.

Mission

ECONOMIC DEVELOPMENT FOR PERRY, IOWA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $230,303

Program Service Revenue $0

Investment Income $147,879

Other Revenue $22,190

TOTAL REVENUE $400,372

Expense Breakdown

Grants Paid $1,846,479

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,894,236

Other Expenses $78,372

TOTAL EXPENSES $1,924,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,372	$158,353	+1.5%
Expenses	$1,924,851	$492,951	+2.9%
Net Income	$-1,524,479	$-334,598	+3.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HUITT	President	2.00	Officer Director	$0	$0	$0
JASON LEVAN	Vice President	1.00	Officer Director	$0	$0	$0
DARREN LINDSTROM	Secretary	1.00	Officer Director	$0	$0	$0
EDDIE DIAZ	Treasurer	1.00	Officer Director	$0	$0	$0
MATT MCDEVITT	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT FINNESETH	Director	1.00	Director	$0	$0	$0
THOMAS BURKGREN	Director	1.00	Director	$0	$0	$0
TERRY NIELSEN	Director	1.00	Director	$0	$0	$0
DAN SPELLMAN	Director	1.00	Director	$0	$0	$0
TERRY NIELSEN	Director	1.00	Director	$0	$0	$0
JON PETERS	Director	1.00	Director	$0	$0	$0
MIKE VAN HOUWELING	Director	1.00	Director	$0	$0	$0
JACKSON VANKIRK	Director	1.00	Director	$0	$0	$0
ANGELA MORTOZA	Director	1.00	Director	$0	$0	$0
DAVID FINNESETH	Director	1.00	Director	$0	$0	$0
JONI CAMPIDILLI	Director	1.00	Director	$0	$0	$0
DEB LUCHT	Director	1.00	Director	$0	$0	$0
AMY RATHJE	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	$400,372	$1,924,851	$2,593,652	$-1,524,479
2023	$158,353	$492,951	$4,601,849	$-334,598
2022	$1,890,621	$1,812,097	$5,122,246	$78,524
2021	$2,435,116	$430,520	$3,425,907	$2,004,596
2021	$1,996,932	$429,987	$2,875,891	$1,566,945
2020	$3,471	$87,057	$1,419,233	$-83,586
2019	$168,739	$13,129	$1,502,759	$155,610

PERRY ECONOMIC DEVELOPMENT INC