Region XII Development Corporation… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

Richard Hunsaker

Phone

7127929914

Tax Period

2022-07-01 to 2023-06-30

Mission

Assist in the increased economic activity in west central Iowa.All assets and liabilities and Net Assets have been transferred to: Region XII Council of Governments, Inc as of July 1, 2022.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Aid, promote, and stimulate business opportunities and development within the Region XII area, and approve EDA revolving loan fund loans and other activities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$396,923	-1.0%
Expenses	N/A	$103,286	-1.0%
Net Income	N/A	$293,637	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Hunsaker	Executive Director	40.00	Officer Key Emp	$0	$0	$0
Stephanie Hausman	Treasurer	0.00	Director	$0	$0	$0
John Muir	Chairperson	0.00	Officer Director	$0	$0	$0
Rick Thompson	Secretary	0.00	Officer Director	$0	$0	$0
Ranell Drake	Vice Chairperson	0.00	Officer Director	$0	$0	$0
Dave Muhlbauer	Director	0.00	Director	$0	$0	$0
Steve Smith	Director	0.00	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
2023	No data	No data	No data	No data
2022	$396,923	$103,286	$6,502,924	$293,637
2021	$1,860,347	$98,322	$6,016,408	$1,762,025
2020	$511,322	$470,434	$4,300,882	$40,888
2019	$734,636	$868,584	$4,227,152	$-133,948
2018	$841,009	$188,793	$4,098,290	$652,216

Region XII Development Corporation Inc