CRESTON, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHERN IOWA DEVELOPMENT GROUP INC, founded in 1987, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $26K, a strong 43% operating margin.
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESS OPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION, MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.
WE CLOSED ON NO NEW LOANS THIS FISCAL YEAR. HOWEVER, WE CONTINUE IN OUR SERVICING THE EXISTING LOANS OUTSTANDING. ADDITIONALLY, MANY CONTACTS WERE MADE WITH POTENTIAL NEW INDUSTRIES. WE PROVIDE GAP...
WE CLOSED ON NO NEW LOANS THIS FISCAL YEAR. HOWEVER, WE CONTINUE IN OUR SERVICING THE EXISTING LOANS OUTSTANDING. ADDITIONALLY, MANY CONTACTS WERE MADE WITH POTENTIAL NEW INDUSTRIES. WE PROVIDE GAP FINANCING TO ASSIST COMPANIES IN OBTAINING LOANS FROM BANKS AND GRANTS FROM THE STATE. WITH THESE LOANS, WE REQUIRE A CERTAIN NUMBER OF JOBS TO BE CREATED AND A CERTAIN AMOUNT OF PRIVATE INVESTMENT IN THE PROJECT.
FOR THE FIRST TIME HOMEBUYER PROGRAM, WE CLOSED ON NO NEW LOANS IN THE FISCAL YEAR. WE SERVICED THE EXISTING LOANS OUTSTANDING.
WE ALSO OPERATE A SMALL CITIES LOAN PROGRAM WHERE LOANS ARE MADE TO CITIES FOR COMMUNITY FACILITIES OR EQUIPMENT. DURING THE YEAR, WE HAD NO LOANS OUTSTANDING IN RELATION TO THIS PROGRAM.
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 | $61,886 | $70,030 | -0.1% |
| Expenses | $35,448 | $37,737 | -0.1% |
| Net Income | $26,438 | $32,293 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| COLBY HOLMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JERRY WALKER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT AKIN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN ZABEL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK FRIDAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BETH WADDLE | EXECUTIVE DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DIANE FITCH | VICE - CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RANDY DUNBAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM WENGRYN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG DAVIDSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAELYNNE RISSER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGGAN ROAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JODIE GEIST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE PANTINI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $61,886 | $35,448 | $3,320,024 | $26,438 |
| 2023 | $70,030 | $37,737 | $3,309,527 | $32,293 |
| 2022 | $233,910 | $58,627 | $3,298,047 | $175,283 |
| 2021 | $1,218,637 | $217,805 | $3,072,784 | $1,000,832 |
| 2020 | $50,012 | $217,357 | $2,059,739 | $-167,345 |
| 2019 | $57,213 | $61,695 | $2,241,342 | $-4,482 |
| 2018 | $45,530 | $53,595 | $2,237,251 | $-8,065 |
Compare SOUTHERN IOWA DEVELOPMENT GROUP INC with other nonprofits in Iowa and across the country.