WAVERLY AREA DEVELOPMENT FUND (EIN 421263254) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

CHELSEA PETERSEN

Phone

3193524526

Tax Period

2024-01-01 to 2024-12-31

WAVERLY AREA DEVELOPMENT FUND, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $12K, a strong 69% operating margin.

Mission

COMMUNITY ECONOMIC DEVELOPMENT AND LOW INTEREST LOANS.

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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 $0

Program Service Revenue $10,120

Investment Income $6,837

Other Revenue $0

TOTAL REVENUE $16,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,865

Other Expenses $5,315

TOTAL EXPENSES $5,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,957	$17,987	-0.1%
Expenses	$5,315	$531	+9.0%
Net Income	$11,642	$17,456	-0.3%

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

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
LEVI EPLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE KNUTSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNIE TOLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHELSEA PETERSEN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE WILLEMSSEN	MEMBER	1.00	Director	$0	$0	$0
ADAM SCHAUFENBUEL	MEMBER	1.00	Director	$0	$0	$0
MARV SCHUMACHER	MEMBER	1.00	Director	$0	$0	$0
TOM GRIESE	MEMBER	1.00	Director	$0	$0	$0
DAN WEDEMEIER	MEMBER	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	$16,957	$5,315	$990,023	$11,642
2023	$17,987	$531	$978,381	$17,456
2022	$14,906	$6,150	$960,925	$8,756
2021	$16,529	$105,689	$1,052,018	$-89,160
2020	$20,907	$26,572	$1,150,612	$-5,665

WAVERLY AREA DEVELOPMENT FUND