OTTUMWA, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC, founded in 1990, is a micro nonprofit in the Community Improvement sector that reported $55K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $74K exceeded revenue, resulting in a 34% operating deficit.
ADMINISTRATION OF A REVOLVING LOAN FUND. OUR MISSION IS TO PROVIDE LOANS TO BUSINESSES IN THE AREA BY ISSUING GAP FINANCING IN ORDER TO LEVERAGE LOANS FROM BANKS AND GRANTS FROM THE STATE. OUR OBJECTIVE IS TO USE THESE LOANS TO INCREASE THE EMPLOYMENT BASE IN THE AREA. IN ADDITION, WE ALSO PROVIDED FORGIVABLE LOANS TO BUSINESSES IN WAPELLO COUNTY, THESE FORGIVABLE LOANS ARE MADE IN ORDER TO INCREASE BUSINESS AND EMPLOYMENT IN THE AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $55,315 | $66,597 | -0.2% |
| Expenses | $74,058 | $23,160 | +2.2% |
| Net Income | $-18,743 | $43,437 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DALE HOUSE | VICE-CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT GREINER | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK GROENENDYK | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE HADLEY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN HELGERSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM MORLAN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE DIMMITT | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY STARNES | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN ZIEGLER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVE HENDERSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $55,315 | $74,058 | $2,359,640 | $-18,743 |
| 2024 | $66,597 | $23,160 | $2,373,890 | $43,437 |
| 2023 | $51,147 | $16,768 | $2,325,361 | $34,379 |
| 2022 | $387,034 | $195,730 | $2,310,170 | $191,304 |
| 2021 | $830,317 | $100,207 | $2,112,931 | $730,110 |
| 2020 | $38,237 | $57,416 | $1,369,568 | $-19,179 |
| 2019 | $83,927 | $221,562 | $1,390,044 | $-137,635 |
| 2018 | $664,921 | $741,586 | $1,527,483 | $-76,665 |
Compare REGIONAL ECONOMIC DEVELOPMENT INVESTMENTS INC with other nonprofits in Iowa and across the country.