WEST BEND ECONOMIC DEVELOPMENT CORP

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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

1984

Legal Domicile

Principal Officer

DARIN MASSNER

Phone

5158878535

Tax Period

2025-01-01 to 2025-12-31

WEST BEND ECONOMIC DEVELOPMENT CORP, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $39K in total revenue in fiscal year 2025. Revenue fell 171% from the prior year — a significant decline worth monitoring.

Mission

TO FACILITATE ECONOMIC DEVELOPMENT NI THE WEST BEND, IOWA AREA.

Program Service Accomplishments

Program 1

HOUSING LOTS TO GROW AND IMPROVE THE COMMUNITY THEY LIVE IN. PROMOTION OF THE COMMUNITY TO ASSIST IN ITS GROWTH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,526

Program Service Revenue $0

Investment Income $-59,834

Other Revenue $3,755

TOTAL REVENUE $-38,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,908

TOTAL EXPENSES $2,908

Year-over-Year Comparison

	2025	2024	Change
Revenue	$-38,553	$54,332	-1.7%
Expenses	$2,908	$9,280	-0.7%
Net Income	$-41,461	$45,052	-1.9%

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
LUANN BARGMAN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD C FRIDERES	DIRECTOR	0.50	Director	$0	$0	$0
DARIN MASSNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD MILLER	DIRECTOR	N/A	Director	$0	$0	$0
LISA M SCHMIDT	SECRETARY	0.50	Officer Director	$0	$0	$0
GARY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
CORY THILGES	TREASURER	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
2025	$-38,553	$2,908	$1,380,883	$-41,461
2024	$54,332	$9,280	$1,447,344	$45,052
2023	$165,148	$11,964	$1,186,793	$153,184
2022	$87,302	$59,286	$1,187,585	$28,016
2021	$91,966	$5,726	$1,326,842	$86,240