TIPTON, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TIPTON ECONOMIC DEVELOPMENT CORP, founded in 1986, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 98% operating margin.
THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED TO WORK IN COOPERATION WITH CITY OF TIPTON OFFICIALS TO MARKET THE CITY OF TIPTON TO BUSINESSES TO LOCATE OR EXPAND AND PROMOTE ECONOMIC GROWTH FOR THE COMMUNITY AS A WHOLE. THE ORGANIZATION DOES THIS THROUGH THE FOLLOWING ATIVITIES: 1. 40% OF OUR ACTIVITIES CONSIST OF PRESENTING OUR COMMUNITY AS A GOOD PLACE FOR A COMPANY TO LOCATE OR EXPAND. WE ACCOMPLISH THIS BY GATHERING AND COLLATING INFORMATION REGARDING INFRASTRUCTURE, SITE AVAILABILITY AND PRICING, COMPARATIVE WAGE SCALES AND SIMILAR FACTS ABOUT OUR COMMUNITY TO PRESENT TO INDUSTRIAL DEVELOPMENT PROSPECTS. THIS HAS BEEN OUR PRIMARY ACTIVITY SINCE WE BEGAN IN 1986 AND WILL CONTINUE TO BE IN THE FUTURE. THIS WORK IS DONE IN TIPTON BY INDIVIDUAL VOLUNTEER BOARD MEMBERS. 2. 20% OF OUR ACTIVITIES CONSIST OF ATTEMPTING TO BRING AVAILABLE LAND UNDER CONTROL SO WE CAN MARKET THE LAND TO PROSPECTS AT AN ATTRACTIVE PRICE TO THEM, AS OPPOSED TO INFLATED PRICES THAT MIGHT BE ASKED
THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS CREATED FOR MARKETING THE CITY OF TIPTON AS A GOOD PLACE FOR A COMPANY TO LOCATE OR EXPAND. THE ORGANIZATION WORKS TOGETHER WITH CITY OF TIPTON...
THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS CREATED FOR MARKETING THE CITY OF TIPTON AS A GOOD PLACE FOR A COMPANY TO LOCATE OR EXPAND. THE ORGANIZATION WORKS TOGETHER WITH CITY OF TIPTON OFFICIALS TO GATHER AND COLLATE INFORMATION REGARDING INFRASTRUCTURE, SITE AVAILABILITY AND PRICING, COMPARATIVE WAGE SCALES AND SIMILAR FACTS ABOUT OUR COMMUNITY TO PRESENT TO INDUSTRIAL DEVELOPMENT PROSPECTS. THE ORGANIZATION ALSO WORKS WITH CITY OFFICIALS TO BRING AVAILABLE LAND UNDER CONTROL SO THEY CAN MARKET THE LAND TO PROSPECTS AT AN ATTRACTIVE PRICE AS OPPOSED TO DEALING WITH INFLATED PRICES THAT INDIVIDUAL LANDOWNERS MIGHT CHARGE.WE ALSO COORDINATE WITH CITY OFFICIALS TO PRESENT AVAILABLE INCENTIVES SUCH AS LAND TAX ABATEMENT AND TAX INCREMENT FINANCING. MEMBERS OF OUR ORGANIZATION ARE ALSO AVAILABLE TO GIVE COMMUNITY TOURS AND OTHER MARKETING FUNCTIONS NEEDED TO ATTRACT BUSINESSES TO OUR COMMUNITY. OUR ORGANIZATION HAS TAKEN THE STEPS REQUIRED TO BECOME A SHOVEL READY CERTIFIED SITE TO MAKE THE TRANSITION TO LOCATE IN OUR COMMUNITY MORE ATTRACTIVE TO NEW BUSINESSES WHICH MAKES OUR COMMUNITY MORE MARKETABLE. THIS YEAR WE STARTED BACK UP WITH QUARTERLY BOARD MEETINGS AND HAD SEVERAL INQUIRIES INTO GROUNBD AVAILABLE FOR PURCHASE IN OUR INDUSTRIAL PARK. WE CONTINUE TO RENT THE INDUSTRIAL PARK FARM GROUND, TO GENERATE REVENUE TO PAY THE EXPENSES OF OWNING THE LAND, BUT ARE HOPING TO SELL SOME OF THE LAND IN THE NEAR FUTURE WITH ALL OF THE INQURIES WE HAVE BEEN RECEIVING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $114,821 | $-11,683 | -10.8% |
| Expenses | $2,400 | $6,398 | -0.6% |
| Net Income | $112,421 | $-18,081 | -7.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KATIE ABEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRUCE CARY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STUART CLARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE CROCK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARLA KILBURG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT PEARSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLEY PUFFER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DUANE WEBB | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NIC WEERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $114,821 | $2,400 | $862,396 | $112,421 |
| 2023 | $-11,683 | $6,398 | $1,107,795 | $-18,081 |
| 2022 | $11,909 | $7,130 | $1,125,876 | $4,779 |
| 2021 | $3,997 | $8,335 | $1,121,097 | $-4,338 |
| 2020 | $2,954 | $9,452 | $1,125,435 | $-6,498 |
| 2019 | $3,999 | $10,038 | $1,131,933 | $-6,039 |
Compare TIPTON ECONOMIC DEVELOPMENT CORP with other nonprofits in Iowa and across the country.