AUDUBON COUNTY ECONOMIC DEVELOPMENT (EIN 421303726) - 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

1987

Legal Domicile

Principal Officer

TROY WESSEL

Phone

7125632742

Tax Period

2024-07-01 to 2025-06-30

AUDUBON COUNTY ECONOMIC DEVELOPMENT, founded in 1987, is a small nonprofit that reported $489K in total revenue in fiscal year 2024. Revenue surged 215% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 28 months of operating reserves.

Mission

ASSIST EXISTING COUNTY BUSINESSES WITH RETENTION AND EXPANSION; SOLICIT NEW BUSINESSES; CREATE AND ACQUIRE SPACE FOR NEW BUSINSSES; AND ENHANCE THE QUALITY OF LIFE IN AUDUBON COUNTY 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 (2024)

Revenue Breakdown

Contributions & Grants $94,700

Program Service Revenue $335,000

Investment Income $36,997

Other Revenue $21,876

TOTAL REVENUE $488,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,235

Fundraising Expenses $0

Program Expenses $413,773

Other Expenses $446,942

TOTAL EXPENSES $507,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,573	$155,186	+2.1%
Expenses	$507,177	$204,978	+1.5%
Net Income	$-18,604	$-49,792	-0.6%

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

$56,833

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY WESSEL	PRESIDENT	1.00	Officer	$0	$0	$0
PAT KAISER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JASON HOCKER	SECRETARY	1.00	Officer	$0	$0	$0
LAURIE GILBERT	TREASURER	1.00	Officer	$0	$0	$0
BRETT IRLMEIER	DIRECTOR	1.00	Director	$0	$0	$0
SAM KAUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
LYLE HANSEN JR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BAUER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MEISLAHN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SCHMITZ	DIRECTOR	1.00	Director	$0	$0	$0
DON MOSINSKI	DIRECTOR	1.00	Director	$0	$0	$0
SARA SLATER	KEY EMPLOYEE	40.00	Key Emp	$56,833	$0	$56,833

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	$488,573	$507,177	$1,570,471	$-18,604
2024	$155,186	$204,978	$1,252,572	$-49,792
2023	$117,027	$476,632	$1,295,252	$-359,605
2022	$1,294,819	$170,952	$1,644,626	$1,123,867
2021	$194,148	$210,343	$533,348	$-16,195
2020	$132,154	$92,390	$413,181	$39,764
2019	$159,238	$191,970	$374,631	$-32,732

AUDUBON COUNTY ECONOMIC DEVELOPMENT