WESTERN IOWA DEVELOPMENT ASSOC (EIN 421300892) - 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

1996

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

WESTERN IOWA DEVELOPMENT ASSOC, founded in 1996, is a micro nonprofit that reported $73K in total revenue in fiscal year 2023. Expenses of $104K exceeded revenue, resulting in a 43% operating deficit.

Mission

FACILITATE ECONOMIC OPPORTUNITY, BUSINESS SUCCESS, COMMUNITY ENGAGEMENT, PROSPERITY, AND QUALITY OF LIFE FOR RURAL WESTERN IOWA

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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 $72,928

Program Service Revenue $0

Investment Income $0

Other Revenue $176

TOTAL REVENUE $73,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,402

Fundraising Expenses $0

Program Expenses $90,492

Other Expenses $25,798

TOTAL EXPENSES $104,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,104	$71,970	+0.0%
Expenses	$104,200	$77,615	+0.3%
Net Income	$-31,096	$-5,645	+4.5%

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

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
STACIE KINNEY	EXECUTIVE DIRECTOR	40.00	Highest	$58,000	$0	$58,000
SUSAN MILLER	SECRETARY TREASURER	2.00	Officer	$0	$0	$0
KEVIN ZIMMERMAN	PRESIDENT	2.00	Officer	$0	$0	$0
MIKE HOLTON	VICE PRESIDENT	2.00	Officer	$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	No data	No data	No data	No data
2024	$73,104	$104,200	$143,437	$-31,096
2023	$71,970	$77,615	$174,533	$-5,645
2022	$105,584	$79,772	$183,309	$25,812
2021	$72,697	$45,137	$172,252	$27,560

WESTERN IOWA DEVELOPMENT ASSOC