Oelwein Chamber and Area Development Inc (EIN 421295227) - 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

2002

Legal Domicile

Principal Officer

Tracy Kerns

Phone

3192831105

Tax Period

2024-07-01 to 2025-06-30

Oelwein Chamber and Area Development Inc, founded in 2002, is a small nonprofit that reported $279K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $56K, a strong 20% operating margin.

Mission

THE ORGANIZATION IS A COMBINED CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT GROUP THAT PROMOTES RETAIL, MANUFACTURING, AND SERVICE BUSINESSES IN THE CITY OF OELWEIN. THE ORGANIZATION RECRUITS NEW BUSINESSES TO THE AREA AND HELPS EXISTING BUSINESSES AND INDUSTRIES TO EXPAND. WE SERVE OVER 20,000 RESIDENTS IN FAYETTE AND BUCHANAN COUNTY.

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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 $129,661

Program Service Revenue $151,352

Investment Income $4,442

Other Revenue $-6,642

TOTAL REVENUE $278,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,496

Fundraising Expenses $14,193

Other Expenses $121,436

TOTAL EXPENSES $222,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,813	$302,309	-0.1%
Expenses	$222,932	$307,345	-0.3%
Net Income	$55,881	$-5,036	-12.1%

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

N/A

Employees

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

$66,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deb Howard	Executive Dir.	40.00	Officer	$66,125	$0	$66,125
Jon King	Director	2.00	Director	$0	$0	$0
Josh Ehn	Director	2.00	Director	$0	$0	$0
Jeremy Lockard	Treasurer	4.00	Director	$0	$0	$0
Jeremy Birdnow	Director	2.00	Director	$0	$0	$0
Dylan Mulfinger	Vice President	2.00	Director	$0	$0	$0
Chad Benter	Director	2.00	Director	$0	$0	$0
Jeff Ingels	Director	2.00	Director	$0	$0	$0
Lisa Bahe	Director	2.00	Director	$0	$0	$0
Taylor Sweeney	Director	2.00	Director	$0	$0	$0
Tracy Cummings	Director	2.00	Director	$0	$0	$0
Sarah Ottesen	Director	2.00	Director	$0	$0	$0
Eric Buehner	Director	2.00	Director	$0	$0	$0
Paul Schemmel	Director	2.00	Director	$0	$0	$0
Tracy Kerns	Director	2.00	Director	$0	$0	$0
Sarah Lewis	President	2.00	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
2025	$278,813	$222,932	$824,991	$55,881
2024	$302,309	$307,345	$769,952	$-5,036
2023	$284,986	$249,827	$777,880	$35,159
2022	$220,482	$199,812	$745,727	$20,670
2021	$490,741	$149,756	$741,783	$340,985
2020	$182,609	$183,297	$730,597	$-688
2019	$255,217	$214,893	$504,672	$40,324

Oelwein Chamber and Area Development Inc