WAYNE COUNTY DEVELOPMENT CORPORATIO (EIN 421381483) - 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

1991

Legal Domicile

Principal Officer

CALEB HOUSH

Phone

6412034415

Tax Period

2024-01-01 to 2024-12-31

WAYNE COUNTY DEVELOPMENT CORPORATIO, founded in 1991, is a micro nonprofit in the Community Improvement sector that reported $38K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Net assets of $152K represent 48 months of operating reserves.

Mission

ECONOMIC DEVELOPMENT OF WAYNE COUNTY, IOWA, FOCUSING ON AVAILABILITY OF AFFORDABLE WORKFORCE HOUSING AND PROMOTING TOURISM THROUGHOUT

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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 $2,000

Program Service Revenue $28,196

Investment Income $7,765

Other Revenue $0

TOTAL REVENUE $37,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,398

Other Expenses $41,196

TOTAL EXPENSES $41,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,961	$272,739	-0.9%
Expenses	$41,196	$208,782	-0.8%
Net Income	$-3,235	$63,957	-1.1%

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
BRADY BLOOMQUIST	DIRECTOR	N/A	Director	$0	$0	$0
KEITH DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
MARK HEWITT	DIRECTOR	N/A	Director	$0	$0	$0
LANCE LANGE	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY SPIDLE	DIRECTOR	N/A	Director	$0	$0	$0
BRENDA DEVORE	VICE PRESIDE	N/A	Officer	$0	$0	$0
STACY GIBBS	SECRETARY	N/A	Officer	$0	$0	$0
CALEB HOUSH	PRESIDENT	N/A	Officer	$0	$0	$0
SARA WAMPLER	TREASURER	N/A	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	$37,961	$41,196	$152,456	$-3,235
2023	$272,739	$208,782	$155,691	$63,957
2022	$421,894	$1,041,338	$91,734	$-619,444
2021	$402,961	$212,221	$708,262	$190,740
2020	$404,559	$4,720	$526,922	$399,839

WAYNE COUNTY DEVELOPMENT CORPORATIO