BAXTER ECONOMIC DEVELOPMENT CORP (EIN 421314834) - 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

Phone

6415214934

Tax Period

2024-01-01 to 2024-12-31

BAXTER ECONOMIC DEVELOPMENT CORP, founded in 1988, is a micro nonprofit in the Religion sector that reported $66K in total revenue in fiscal year 2024. Revenue surged 335% from the prior year, signaling strong growth momentum. Expenses of $78K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE RESIDENTIAL AND COMMERCIAL GROWTH AND BUSINESS IN BAXTER, 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 $23,781

Program Service Revenue $0

Investment Income $34,640

Other Revenue $7,808

TOTAL REVENUE $66,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,770

Other Expenses $78,257

TOTAL EXPENSES $78,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,229	$15,237	+3.3%
Expenses	$78,257	$48,363	+0.6%
Net Income	$-12,028	$-33,126	-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

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
KATIE PETERMEIER	Director	1.00	Director	$0	$0	$0
MIKE MANSHIP	Secretary	1.00	Officer	$0	$0	$0
JON NORTHRUP	President	2.00	Officer	$0	$0	$0
TRAVIS HENDERSON	Treasurer	1.00	Officer	$0	$0	$0
RYAN FREDREGILL	Vice 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
2024	$66,229	$78,257	$804,420	$-12,028
2023	$15,237	$48,363	$870,984	$-33,126
2022	$23,189	$44,471	$963,180	$-21,282
2021	$-1,022	$48,426	$1,047,562	$-49,448
2020	$53,205	$67,921	$1,128,281	$-14,716
2019	$-55,762	$39,219	$1,013,274	$-94,981
2018	$-43,377	$144,135	$796,326	$-187,512

BAXTER ECONOMIC DEVELOPMENT CORP