MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 421301658

GLENWOOD, IA

Total Revenue
$220,799
Total Expenses
$179,191
Total Assets
$501,708
Net Assets
$501,708
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IA
Principal Officer
JON LORSON
Phone
7123027010
Tax Period
2024-01-01 to 2024-12-31

MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1955, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 19% operating margin.

Mission

THE MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION, INC. (MCEDF) WILL CONDUCT ITS ACTIVITIES TO PROMOTE THE PURPOSES FOR WHICH IT WAS ORGANIZED AS SET FORTH IN THE ARTICLES OF INCORPORATION. THE ORGANIZATION WILL BE UNDER THE GUIDANCE OF THE MILLS COUNTY BOARD OF SUPERVISORS (MCBOS). ADDITIONALLY, THE PURPOSE OF THE FOUNDATION IS TO EFFECTIVELY ADVANCE A FOCUSED ECONOMIC DEVELOPMENT GROWTH AGENDA TO ENHANCE, POSITION AND MARKET MILLS COUNTY AS A PREFERRED BUSINESS LOCATION. OUR GOAL IS TO ADVANCE THE INTEREST OF MILLS COUNTY AND IMPROVE BUSINESS CLIMATE AND ECONOMIC CONDITIONS. OUR AGENDA FOR GROWTH WILL LEAD TO THE RETENTION AND EXPANSION OF EXISTING FIRMS, THE ATTRACTION AND STARTUP OF HIGH VALUE FIRMS AND LONG TERM GROWTH AND VITALITY OF THE COUNTY. THIS WILL BE ACCOMPLISHED IN COLLABORATION AND COOPERATION WITH OUR PUBLIC AND PRIVATE PARTNERS WITHIN THE COUNTY, REGION, AND STATE. NO PART OF THE NET EARNINGS OF THE FOUNDATION SHALL INURE TO THE BENEFIT OF OR BE DISTRIBUTABLE TO ITS DI

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $220,000
Program Service Revenue $0
Investment Income $799
Other Revenue $0
TOTAL REVENUE $220,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,457
Fundraising Expenses $0
Program Expenses $47,335
Other Expenses $70,734
TOTAL EXPENSES $179,191

Year-over-Year Comparison

2024 2023 Change
Revenue $220,799 $305,606 -0.3%
Expenses $179,191 $265,177 -0.3%
Net Income $41,608 $40,429 +0.0%
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

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
1
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON CARLO DIRECTOR N/A
Director
$0 $0 $0
ALAN DEBOLT DIRECTOR N/A
Director
$0 $0 $0
JODI EVANS DIRECTOR N/A
Director
$0 $0 $0
MARY FORD DIRECTOR N/A
Director
$0 $0 $0
JODI HILSABECK VICE PRESIDE N/A
Officer Director
$0 $0 $0
AL HUGHES DIRECTOR N/A
Director
$0 $0 $0
NICOLE KOOIKER DIRECTOR N/A
Director
$0 $0 $0
KATTIE LEWIS DIRECTOR N/A
Director
$0 $0 $0
MARK LINCOLN DIRECTOR N/A
Director
$0 $0 $0
WILL LONGINAKER DIRECTOR N/A
Director
$0 $0 $0
JON LORSON PRESIDENT N/A
Officer Director
$0 $0 $0
KATELYN MCGANN DIRECTOR N/A
Director
$0 $0 $0
MARK MOSSMAN DIRECTOR N/A
Director
$0 $0 $0
SANDI WINTON SECRETARY N/A
Officer Director
$0 $0 $0
LARRY WINUM TREASURER N/A
Officer 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 $220,799 $179,191 $501,708 $41,608
2023 $305,606 $265,177 $460,100 $40,429
2022 $228,822 $181,117 $423,652 $47,705
2021 $289,349 $244,368 $384,356 $44,981
2020 $338,058 $210,535 $337,038 $127,523
2019 $273,153 $234,008 $206,718 $39,145
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.