Pottawattamie County Development Corporation

EIN: 421459560 501(c)(3) Community Improvement

Council Bluffs, IA

Total Revenue
$766,149
Total Expenses
$1,782,182
Total Assets
$13,506,285
Net Assets
$10,166,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IA
Principal Officer
Chris LaFerla
Phone
7123962494
Tax Period
2024-01-01 to 2024-12-31

Pottawattamie County Development Corporation, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $766K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 133% operating deficit.

Mission

The 712 Initiative is aimed at improving the economic vitality in redevelopment areas through investments in the built environment, activating public spaces and delivering programs that increase social engagement and healthy lifestyles.

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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 (2024)

Revenue Breakdown

Contributions & Grants $227,792
Program Service Revenue $864,795
Investment Income $65,773
Other Revenue $-392,211
TOTAL REVENUE $766,149

Expense Breakdown

Grants Paid $28,191
Salaries & Benefits $267,491
Fundraising Expenses $15,977
Program Expenses $1,512,924
Other Expenses $1,476,778
TOTAL EXPENSES $1,782,182

Year-over-Year Comparison

2024 2023 Change
Revenue $766,149 $3,930,489 -0.8%
Expenses $1,782,182 $1,980,109 -0.1%
Net Income $-1,016,033 $1,950,380 -1.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
5
Volunteers
490

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
4
$229,501
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris LaFerla Chief Executive Officer 20.00
Officer
$76,216 $21,462 $229,501
Amy Carlous Past- President 2.00
Director
$0 $0 $0
Amy McDermott Past-Board Secretary 1.00
Director
$0 $0 $0
Tom Hanafan Board Member 1.00
Director
$0 $0 $0
Nikki Rauth Board Member 1.00
Director
$0 $0 $0
Kerrie Snyder Board Member 1.00
Director
$0 $0 $0
Shane Hoss Board Member 1.00
Director
$0 $0 $0
Jessica Vanderpool Board Member 1.00
Director
$0 $0 $0
Dave Wise Board Member 1.00
Director
$0 $0 $0
Brent Hoesing Board Member 1.00
Director
$0 $0 $0
John Dresher Board Member 1.00
Director
$0 $0 $0
Dave Burd Chair-Elect 1.00
Director
$0 $0 $0
George Barton Board Member 1.00
Director
$0 $0 $0
Dan Kinney Board Member 1.00
Director
$0 $0 $0
Sammy Evan Board Member 1.00
Director
$0 $0 $0
David Zimmerman Board Member 1.00
Director
$0 $0 $0
Hannah Smith Board Member 1.00
Director
$0 $0 $0
Dr Vickie Murillo Board Member 1.00
Director
$0 $0 $0
Soctt Hartman Board Member 1.00
Director
$0 $0 $0
Wyatt Greenwood Past Board Vice-Chair 1.00
Officer Director
$0 $0 $0
Jennifer Fletcher Board Treasurer 1.00
Officer Director
$0 $0 $0
Mark Hanwright Chair 1.00
Officer 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
2024 $766,149 $1,782,182 $13,506,285 $-1,016,033
2023 $3,930,489 $1,980,109 $15,645,673 $1,950,380
2022 $4,004,166 $1,459,822 $14,638,209 $2,544,344
2020 $1,451,387 $1,108,241 $7,450,789 $343,146
2019 $4,453,157 $4,759,230 $9,383,928 $-306,073
2018 $1,480,738 $835,474 $12,532,268 $645,264
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