Wayland Economic Development Corporation (EIN 421305986) - 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

1988

Legal Domicile

Principal Officer

Brandon Blake

Phone

3196535431

Tax Period

2024-01-01 to 2024-12-31

Wayland Economic Development Corporation, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 82% operating margin.

Mission

Promote and Facilitate Economic Development in the Wayland, Iowa Area.

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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 $0

Program Service Revenue $0

Investment Income $12,961

Other Revenue $31,438

TOTAL REVENUE $44,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,845

Other Expenses $7,845

TOTAL EXPENSES $7,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,399	$267,142	-0.8%
Expenses	$7,845	$25,179	-0.7%
Net Income	$36,554	$241,963	-0.8%

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

N/A

Volunteers

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
Brad Roth	Director	1.00	Director	$0	$0	$0
Barry Leichty	Vice President	1.00	Officer Director	$0	$0	$0
Robert Meyer	Director	1.00	Director	$0	$0	$0
Tim Egli	President	1.00	Officer Director	$0	$0	$0
Tawnya Achen	Director	1.00	Director	$0	$0	$0
Lori Messer	Director	1.00	Director	$0	$0	$0
Russ Yoder	Director	1.00	Director	$0	$0	$0
Travis Shelman	Director	1.00	Director	$0	$0	$0
Scott Johnson	Director	1.00	Director	$0	$0	$0
Luke Mitchell	Director	1.00	Director	$0	$0	$0
Brandon Blake	TreasurerDirector	1.00	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	$44,399	$7,845	$1,026,334	$36,554
2023	$267,142	$25,179	$1,064,780	$241,963
2022	$60,356	$15,497	$877,736	$44,859
2021	$53,762	$14,290	$650,958	$39,472
2020	$60,228	$14,397	$639,486	$45,831
2019	$16,077	$14,409	$628,655	$1,668
2018	$186,683	$10,366	$626,987	$176,317

Wayland Economic Development Corporation