IOWA CITY AREA DEVELOPMENT GROUP I… - 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

1984

Legal Domicile

Principal Officer

TODD MEANS

Phone

3193543939

Tax Period

2023-07-01 to 2024-06-30

Mission

THE ORGANIZATION PROMOTES, DEVELOPS AND ADVANCES THE BUSINESS COMMUNITY IN IOWA CITY AND THE SURROUNDING AREA. IN ADDITION, THE ORGANIZATION CONNECTS BUSINESS AND INDUSTRY WITH FEDERAL, STATE AND LOCAL RESOURCES TO ENABLE AND STIMULATE AREA ECONOMIC GROWTH THROUGH BUSINESS.

Program Service Accomplishments

Program 1

INVESTMENT IN ECONOMIC DEVELOPMENT THROUGH EXISTING BUSINESS RETENTION AND EXPANSION, BUSINESS RECRUITMENT, ENTREPRENEURIAL DEVELOPMENT, WORKFORCE BUSINESS SERVICES AND ENTREPRENEURIAL DEVELOPMENT...

INVESTMENT IN ECONOMIC DEVELOPMENT THROUGH EXISTING BUSINESS RETENTION AND EXPANSION, BUSINESS RECRUITMENT, ENTREPRENEURIAL DEVELOPMENT, WORKFORCE BUSINESS SERVICES AND ENTREPRENEURIAL DEVELOPMENT COMMUNICATIONS AND PARTNERSHIPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$1,446,942	-1.0%
Expenses	N/A	$1,431,784	-1.0%
Net Income	N/A	$15,158	N/A

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

N/A

Volunteers

N/A

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
GEOFF FRUIN	SECRETARY	1.00	Officer Director	$0	$0	$0
KELLY HAYWOTH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETE MATTHES	TREASURER	1.00	Officer Director	$0	$0	$0
TODD MEANS	CHAIR	1.00	Officer 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	No data	No data	$35,000	No data
2023	$1,446,942	$1,431,784	$919,520	$15,158
2022	$1,358,113	$1,344,122	$904,362	$13,991
2021	$1,324,481	$924,703	$890,371	$399,778
2020	$1,159,356	$1,067,339	$490,593	$92,017
2019	$1,125,811	$1,149,120	$398,576	$-23,309

IOWA CITY AREA DEVELOPMENT GROUP INC