ENTREPRENEURIAL DEVELOPMENT CENTER INC

EIN: 421447565 Community Improvement

CEDAR RAPIDS, IA

Total Revenue
$854,202
Total Expenses
$904,621
Total Assets
$805,938
Net Assets
$649,822
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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
1995
Legal Domicile
IA
Principal Officer
CURTIS NELSON
Phone
3193694955
Tax Period
2023-01-01 to 2023-12-31

ENTREPRENEURIAL DEVELOPMENT CENTER INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $854K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PROVIDING HANDS ON GUIDED ASSISTANCE FROM SEASONED BUSINESS EXPERTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $683,700
Program Service Revenue $158,651
Investment Income $11,851
Other Revenue $0
TOTAL REVENUE $854,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $740,724
Fundraising Expenses $0
Other Expenses $163,897
TOTAL EXPENSES $904,621

Year-over-Year Comparison

2023 2022 Change
Revenue $854,202 $991,681 -0.1%
Expenses $904,621 $851,108 +0.1%
Net Income $-50,419 $140,573 -1.4%
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

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Governance

Voting Members
24
Independent Members
24
Employees
6
Volunteers
24

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
3
$310,000
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON DUSEK CHAIR 0.20
Officer Director
$0 $0 $0
JIM HADDAD PAST CHAIR/SEC/TREAS 0.20
Officer Director
$0 $0 $0
WILLIAM MCCARTAN DIRECTOR 0.20
Director
$0 $0 $0
NANCY LINK DIRECTOR 0.20
Director
$0 $0 $0
CHARLES ROHDE DIRECTOR 0.20
Director
$0 $0 $0
KIM KING DIRECTOR 0.20
Director
$0 $0 $0
KRIS GULICK DIRECTOR 0.20
Director
$0 $0 $0
DAVID HENSLEY DIRECTOR 0.20
Director
$0 $0 $0
LARRY HELLING DIRECTOR 0.20
Director
$0 $0 $0
BRUCE LEHRMAN DIRECTOR 0.20
Director
$0 $0 $0
TERRY SULLIVAN DIRECTOR 0.20
Director
$0 $0 $0
PAT DIEGNAN DIRECTOR 0.20
Director
$0 $0 $0
AARON FRIEDERICH DIRECTOR 0.20
Director
$0 $0 $0
JASMINE ALMOAYYED DIRECTOR 0.20
Director
$0 $0 $0
HUNTER SKOGMAN DIRECTOR 0.20
Director
$0 $0 $0
BRIAN BERGSTROM DIRECTOR 0.20
Director
$0 $0 $0
CHAD PELLEY DIRECTOR 0.20
Director
$0 $0 $0
TOM DEBOOM DIRECTOR 0.20
Director
$0 $0 $0
STEVE SCHOENAUER DIRECTOR 0.20
Director
$0 $0 $0
TIM KINTER DIRECTOR 0.20
Director
$0 $0 $0
DENNIS JORDAN DIRECTOR 0.20
Director
$0 $0 $0
JACK GONDER DIRECTOR 0.20
Director
$0 $0 $0
RILEY EYNON-LYNCH DIRECTOR 0.20
Director
$0 $0 $0
CURTIS NELSON PRESIDENT/CEO 40.00
Officer
$310,000 $0 $310,000
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
2024 No data No data No data No data
2023 $854,202 $904,621 $805,938 $-50,419
2022 $991,681 $851,108 $895,558 $140,573
2021 $1,030,832 $1,022,477 $775,334 $8,355
2020 $1,059,705 $1,042,780 $676,242 $16,925
2019 $1,044,696 $1,006,197 $559,763 $38,499
2018 $979,679 $890,485 $514,649 $89,194
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