DAVIS COUNTY DEVELOPMENT CORP (EIN 421343684) - 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

1989

Legal Domicile

Principal Officer

DEE JOHNSON

Phone

6416642300

Tax Period

2024-01-01 to 2024-12-31

DAVIS COUNTY DEVELOPMENT CORP, founded in 1989, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024.

Mission

PROMOTE, DEVELOP AND STIMULATE THE AGRICULTURAL, BUSINESS, CULTURAL, EDUCATIONAL, INDUSTRIAL, RECREATIONAL AND TOURISM GROWTH AND PROSPERITY OF DAVIS COUNTY, IOWA BY AIDING AND ASSISTING LOCAL RESIDENTS TO MAINTAIN, IMPROVE AND EXPAND EXISTING BUSINESSES AND INDUSTRIES, DEVELOP AND CREATE NEW BUSINESS ENDEAVORS, AND TO ATTRACT NEW EMPLOYERS, BUSINESSES AND INDUSTRIES TO THE 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 $55,109

Program Service Revenue $0

Investment Income $0

Other Revenue $531

TOTAL REVENUE $55,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,226

Fundraising Expenses $0

Other Expenses $13,573

TOTAL EXPENSES $54,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,640	$53,930	+0.0%
Expenses	$54,799	$57,920	-0.1%
Net Income	$841	$-3,990	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ALAN YAHNKE	President	Director	$0	$0	$0
BRUCE WORTMANN	Vice President	Director	$0	$0	$0
BRITTANY HOPKINS	Secretary	Director	$0	$0	$0
BRENDA WILLIAMS	Treasurer	Director	$0	$0	$0
JOHN SCHROEDER	Director	Director	$0	$0	$0
JACKI AMSTUTZ	BOARD MEMBER	Director	$0	$0	$0
EARL TRACHSEL	BOARD MEMBER	Director	$0	$0	$0
JAKE BOHI	BOARD MEMBER	Director	$0	$0	$0
WILSON WEILER	BOARD MEMBER	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
2024	$55,640	$54,799	$109,300	$841
2023	$53,930	$57,920	$108,476	$-3,990
2022	$49,228	$57,148	$113,309	$-7,920
2021	$65,023	$65,853	$120,510	$-830
2020	$69,014	$51,288	$116,445	$17,726
2019	$63,701	$52,962	$98,719	$10,739
2018	$46,831	$50,988	$88,136	$-4,157

DAVIS COUNTY DEVELOPMENT CORP