Clayton County Development Group I… - 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

1996

Legal Domicile

Principal Officer

Darla Kelchen

Tax Period

2023-07-01 to 2024-06-30

Clayton County Development Group Inc, founded in 1996, is a small nonprofit that reported $175K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $595K represent 41 months of operating reserves.

Mission

To enhance opportunities for the creation of wealth for the citizens of Clayton County, Iowa through the promotion of Agriculture, Industry and Tourism.

Program Service Accomplishments

Program 1

Clayton County Development Group promotes the Clayton County Foundation for the Future. CCFF holds 87 Family of Funds.

Program 2

Housing Program: Secured $100,000 in grant funds for housing program; Developed Revolving Loan Fund program; Promoted NE IA Regional Housing Trust; Shared housing assessment results online; Worked...

Housing Program: Secured $100,000 in grant funds for housing program; Developed Revolving Loan Fund program; Promoted NE IA Regional Housing Trust; Shared housing assessment results online; Worked with student program to obtain drone maps and videos for housing sub developments

Program 3

Tourism Marketing & Advertising Program: to attract tourism to local businesses. Program accomplishments provided through television, magazine, radio and internet: 1)Television Ads: a)298 WXOW tv...

Tourism Marketing & Advertising Program: to attract tourism to local businesses. Program accomplishments provided through television, magazine, radio and internet: 1)Television Ads: a)298 WXOW tv commercials serving the LaCrosse Wi area; 285,000 viewers in Iowa, Wisconsin & Minnesota; b)530 plus, KWWL tv advertising contracts for local businesses, in a 21 IA county viewing area;2) Magazine Advertising circulation 370,750 subscribers through 4 publications: Our Iowa, IA Travel Guide and American Road, generating 5905 leads;3) 12,000 Event cards distributed to 24 Welcome Centers across Iowa & out of state; 4,000 Dining cards distributed;4) Beverage cards distributed5) 6.351 Social Media followers, Facebook, Instagram, & YouTube6) Arrivalist Data reported over 190,100 visitors to Clayton County in 20237) Over 1,840 brochures distributed at county & state fairs

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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 $165,689

Program Service Revenue $7,690

Investment Income $2,020

Other Revenue $-503

TOTAL REVENUE $174,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,363

Fundraising Expenses $0

Other Expenses $90,372

TOTAL EXPENSES $172,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,896	$288,041	-0.4%
Expenses	$172,735	$144,866	+0.2%
Net Income	$2,161	$143,175	-1.0%

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

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
Jackie Opperman	Individual Director	1.00	Director	$0	$0	$0
Steve Doeppke	Individual Director	1.00	Director	$0	$0	$0
Michael Erickson	Vice-President	1.00	Officer Director	$0	$0	$0
Sara Hertrampf	Treasurer	2.00	Officer Director	$0	$0	$0
Cathy Denning	Secretary	1.00	Officer Director	$0	$0	$0
Steve Hanson	President	4.00	Officer Director	$0	$0	$0
Darla Kelchen	Executive Director	40.00	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	$174,896	$172,735	$598,604	$2,161
2023	$288,041	$144,866	$592,237	$143,175
2022	$165,648	$167,834	$446,341	$-2,186
2022	$178,501	$167,834	$446,341	$10,667
2021	$172,858	$143,347	$450,221	$29,511
2020	$161,634	$144,680	$401,725	$16,954
2019	$178,254	$136,612	$388,138	$41,642

Clayton County Development Group Inc