SOUTHERN IOWA DEVELOPMENT GROUP INC (EIN 421301169) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

JERRY WALKER

Phone

6417828491

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSISTTHE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESSOPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION,MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,619

Investment Income $21,776

Other Revenue $10,491

TOTAL REVENUE $61,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,448

Other Expenses $35,448

TOTAL EXPENSES $35,448

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
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

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	$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

SOUTHERN IOWA DEVELOPMENT GROUP INC