ROCK VALLEY ECONOMIC DEVELOPMENT CO (EIN 421307382) - 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

Legal Domicile

Principal Officer

CHAD VAN ZEE

Phone

7124762576

Tax Period

2024-07-01 to 2025-06-30

ROCK VALLEY ECONOMIC DEVELOPMENT CO is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

ECONOMIC GROWTH AND COMMUNITY BETTERMENT WITHIN THE AREA OF ROCK VALLEY, 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 $0

Program Service Revenue $2,829,993

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,829,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,506,313

Other Expenses $3,506,313

TOTAL EXPENSES $3,506,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,829,993	$1,437,571	+1.0%
Expenses	$3,506,313	$1,125,421	+2.1%
Net Income	$-676,320	$312,150	-3.2%

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

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
ZACH VAN BEEK	DIRECTOR	1.00	Director	$0	$0	$0
CARL BRUINSMA	DIRECTOR	1.00	Director	$0	$0	$0
MATT BULEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VAN EGDOM	DIRECTOR	1.00	Director	$0	$0	$0
WADE GORT	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY VAN'T HUL	DIRECTOR	1.00	Director	$0	$0	$0
ROD DE KAM	DIRECTOR	1.00	Director	$0	$0	$0
TOM VAN MAANEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RICHTER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD VANDEN BOSCH	SECRETARY	1.00	Officer	$0	$0	$0
DAVE MILLER	TREASURER	1.00	Officer	$0	$0	$0
TODD NETTEN	VICE PRESIDE	1.00	Officer	$0	$0	$0
CHAD VAN ZEE	PRESIDENT	1.00	Officer	$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
2025	$2,829,993	$3,506,313	$6,509,624	$-676,320
2024	$1,437,571	$1,125,421	$9,398,817	$312,150
2023	$641,149	$608,335	$9,599,180	$32,814
2022	$404,691	$124,698	$8,432,774	$279,993
2021	$641,641	$675,688	$8,010,871	$-34,047
2020	$3,270,997	$3,589,669	$8,323,693	$-318,672
2019	$434,208	$83,773	$11,319,164	$350,435

ROCK VALLEY ECONOMIC DEVELOPMENT CO