CARROLL, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MID IOWA DEVELOPMENT FUND INC, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 706% operating deficit.
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION COMPRISED OF THE IOWA COUNTIES OF BOONE, DALLAS, JASPER, MARION, POLK, STORY AND WARREN, AS WELL AS THE CITIES LOCATED THEREIN.TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL AND MEDIUM SIZED BUSINESS CONCERNS IN SAID AREA.TO STIMULATE BUSINESS OPPORTUNITIES AND DEVELOPMENT IN SAID AREA AS MEASURED BY INCREASED EMPLOYMENT, PAYROLLS, BUSINESS VOLUME AND CORRESPONDING COMMUNITY BENEFITS, AS OPPOSED TO MONETARY BENEFITS TO THE MEMBERS OF THIS CORPORATION.
AID, PROMOTE, AND STIMULATE BUSINESS OPPORTUNITIES AND DEVELOPMENT IN THE REGION IT SERVES.
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 | $17,686 | $28,473 | -0.4% |
| Expenses | $142,462 | $140,236 | +0.0% |
| Net Income | $-124,776 | $-111,763 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| TROY BOELMAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE FULLERTON | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARC MEYER | SECY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN MOFFATT | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD GOLIGHTLY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DYLAN KLINE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA MURKEN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF DAVIDSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL MCINTYRE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLINT WELLING | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HOLLIE ZAJIECK | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG DOWNS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN NEILAND | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT MCCOY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS CATALDO | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $17,686 | $142,462 | $778,265 | $-124,776 |
| 2024 | $28,473 | $140,236 | $907,061 | $-111,763 |
| 2023 | $26,370 | $15,869 | $1,014,804 | $10,501 |
| 2022 | $442,377 | $38,796 | $1,005,486 | $403,581 |
| 2019 | $12,873 | $25,121 | $544,271 | $-12,248 |
Compare MID IOWA DEVELOPMENT FUND INC with other nonprofits in Iowa and across the country.