WEST BEND ECONOMIC DEVELOPMENT CORP (EIN 421334933) - 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

1984

Legal Domicile

Principal Officer

DARIN MASSNER

Phone

5158878535

Tax Period

2024-01-01 to 2024-12-31

WEST BEND ECONOMIC DEVELOPMENT CORP, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $54K in total revenue in fiscal year 2024. The organization ran a surplus of $45K, a strong 83% operating margin.

Mission

TO FACILITATE ECONOMIC DEVELOPMENT IN THE WEST BEND, IOWA 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $38,959

Program Service Revenue $0

Investment Income $13,273

Other Revenue $2,100

TOTAL REVENUE $54,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,280

TOTAL EXPENSES $9,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,332	N/A	N/A
Expenses	$9,280	N/A	N/A
Net Income	$45,052	N/A	N/A

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
GARY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD C FRIDERES	DIRECTOR	0.50	Director	$0	$0	$0
DONALD MILLER	DIRECTOR	0.00	Director	$0	$0	$0
JEFF MONTAG	DIRECTOR	0.00	Director	$0	$0	$0
LISA M SCHMIDT	SECRETARY	0.50	Officer	$0	$0	$0
CORY THILGES	TREASURER	1.00	Officer	$0	$0	$0
DARIN MASSNER	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	$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

WEST BEND ECONOMIC DEVELOPMENT CORP