REGIONAL DEVELOPMENT AUTHORITY (EIN 421347125) - 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

1990

Legal Domicile

Principal Officer

MATT MENDENHALL

Phone

5633235177

Tax Period

2023-07-01 to 2024-06-30

REGIONAL DEVELOPMENT AUTHORITY, founded in 1990, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $6.2M left a modest 13% surplus.

Mission

TO AWARD GRANTS TO COMMUNITY NON-PROFIT AGENCIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH THE IOWA EXCURSION GAMBLING ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,539,812

Investment Income $653,553

Other Revenue $0

TOTAL REVENUE $7,193,365

Expense Breakdown

Grants Paid $5,956,627

Salaries & Benefits $208,721

Fundraising Expenses $0

Program Expenses $5,956,627

Other Expenses $78,083

TOTAL EXPENSES $6,243,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,193,365	$7,862,647	-0.1%
Expenses	$6,243,431	$6,597,674	-0.1%
Net Income	$949,934	$1,264,973	-0.2%

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

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

$162,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MENDENHALL	President & CEO	40.00	Officer	$162,513	$0	$162,513
MICHAEL COLE	Director	2.00	Director	$0	$0	$0
DANIELLE HINES	Director	1.00	Director	$0	$0	$0
KAREN ROEBUCK	Director	1.00	Director	$0	$0	$0
CORY BERGFELD	Director	1.00	Director	$0	$0	$0
ERIE JOHNSON	Director	1.00	Director	$0	$0	$0
DENNIS NARANJO	Director	1.00	Director	$0	$0	$0
BROCK EARNHARTD	Director	1.00	Director	$0	$0	$0
SAM SKOREPA	Director	1.00	Director	$0	$0	$0
SUTEESH TANDON	Director	1.00	Director	$0	$0	$0
BETH TINSMAN	Director	1.00	Director	$0	$0	$0
DANA WILKINSON	Director	2.00	Director	$0	$0	$0
NANCY CHAPMAN	Secretary	2.00	Officer	$0	$0	$0
SUE DALEY	Treasurer	2.00	Officer	$0	$0	$0
STEVE GIEFMAN	Chairman	2.00	Officer	$0	$0	$0
KATIE SELDEN	Vice Chairman	2.00	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
2025	No data	No data	No data	No data
2024	$7,193,365	$6,243,431	$6,362,308	$949,934
2023	$7,862,647	$6,597,674	$5,769,327	$1,264,973
2022	$7,109,702	$6,217,466	$4,541,432	$892,236
2021	$7,201,461	$5,032,462	$3,570,300	$2,168,999
2020	$2,835,841	$2,193,935	$871,196	$641,906

REGIONAL DEVELOPMENT AUTHORITY