THE SIOUXLAND INITIATIVE

EIN: 421328697

SIOUX CITY, IA

Total Revenue
$583,110
Total Expenses
$576,403
Total Assets
$1,395,055
Net Assets
$1,216,232
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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
1989
Legal Domicile
IA
Principal Officer
CHRISTOPHER MCGOWAN
Phone
7122557903
Tax Period
2024-10-01 to 2025-09-30

THE SIOUXLAND INITIATIVE, founded in 1989, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 25 months of operating reserves.

Mission

TO PROMOTE ECONOMIC GROWTH IN THE TRI-STATE SIOUXLAND 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $464,425
Program Service Revenue $0
Investment Income $44,277
Other Revenue $74,408
TOTAL REVENUE $583,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $440,821
Fundraising Expenses $0
Program Expenses $40,366
Other Expenses $135,582
TOTAL EXPENSES $576,403

Year-over-Year Comparison

2024 2023 Change
Revenue $583,110 $391,056 +0.5%
Expenses $576,403 $528,232 +0.1%
Net Income $6,707 $-137,176 -1.0%
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

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Governance

Voting Members
13
Independent Members
13
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
4
$573,304
Total Directors
14
$391,500
Key Employees
1
$391,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER MCGOWAN PRESIDENT 40.00
Officer Director Key Emp
$0 $68,742 $391,500
BARBARA SLONIKER EXECUTIVE VICE PRESIDENT 40.00
Officer
$0 $34,425 $181,804
KEVIN MCMANAMY CHAIR 1.00
Officer Director
$0 $0 $0
NOLAN LUBARSKI VICE-CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
JOHN GLEESON DIRECTOR 1.00
Director
$0 $0 $0
JOE KRUSE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CRICHTON DIRECTOR 1.00
Director
$0 $0 $0
LANCE MORGAN DIRECTOR 1.00
Director
$0 $0 $0
DOUG RICE DIRECTOR 1.00
Director
$0 $0 $0
SKIP PERLEY DIRECTOR 1.00
Director
$0 $0 $0
MANDY GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
MARK STRUCK DIRECTOR 1.00
Director
$0 $0 $0
JANE ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
BRAD MOORE DIRECTOR 1.00
Director
$0 $0 $0
SAM WAGNER DIRECTOR 1.00
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 $583,110 $576,403 $1,395,055 $6,707
2024 $391,056 $528,232 $1,490,343 $-137,176
2023 $554,220 $680,272 $1,772,422 $-126,052
2022 $497,173 $872,677 $1,859,686 $-375,504
2021 $507,413 $733,140 $2,035,471 $-225,727
2020 $506,069 $749,753 $2,260,193 $-243,684
2019 $492,896 $529,701 $2,438,794 $-36,805
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