JASPER COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 421308268) - 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

DAVID MAST

Phone

6417927574

Tax Period

2024-07-01 to 2025-06-30

JASPER COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $176K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $48K, a strong 27% operating margin.

Mission

PROMOTION OF ECONOMIC GROWTH IN JASPER 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 $170,400

Program Service Revenue $0

Investment Income $5,181

Other Revenue $0

TOTAL REVENUE $175,581

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $91,663

Fundraising Expenses $0

Other Expenses $26,199

TOTAL EXPENSES $127,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,581	$187,781	-0.1%
Expenses	$127,862	$121,123	+0.1%
Net Income	$47,719	$66,658	-0.3%

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

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

$83,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY R DAVIDSON	Executive Dir.	40.00	Officer	$83,441	$0	$83,441
BRYAN DE JONG	Director	0.50	Director	$0	$0	$0
KIM THOMAS	Secretary	0.50	Officer Director	$0	$0	$0
PAULA ARKEMA	Director	0.50	Director	$0	$0	$0
DOUG CUPPLES	Vice President	0.50	Officer Director	$0	$0	$0
KEVIN LUETTERS	Director	0.50	Director	$0	$0	$0
STEPHEN VAN BEEK	Director	0.50	Director	$0	$0	$0
DAVID MAST	President	1.00	Officer Director	$0	$0	$0
TERYL VER PLOEG	Treasurer	0.50	Officer Director	$0	$0	$0
GARY BARTELS	Director	0.50	Director	$0	$0	$0
WADE WAGONER	Director	0.50	Director	$0	$0	$0
LEJON LADWIG	Director	0.50	Director	$0	$0	$0
BOB PERRY	Director	0.50	Director	$0	$0	$0
JERRY MOORE	Director	0.50	Director	$0	$0	$0
DOUG BISHOP	Director	0.50	Director	$0	$0	$0
DIANA MICK	Director	0.50	Director	$0	$0	$0
CHAD ALLEGER	Director	0.50	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
2025	$175,581	$127,862	$582,213	$47,719
2024	$187,781	$121,123	$534,621	$66,658
2023	$180,531	$146,567	$467,806	$33,964
2022	$171,835	$128,909	$433,727	$42,926
2021	$172,015	$113,556	$390,603	$58,459
2020	$98,474	$72,254	$332,188	$26,220
2019	$20,685	$69,048	$304,102	$-48,363

JASPER COUNTY ECONOMIC DEVELOPMENT CORPORATION