GRAETTINGER ECONOMIC DEVELOPMENT COUNCIL (EIN 421490489) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Phone

7122602654

Tax Period

2024-01-01 to 2024-12-31

GRAETTINGER ECONOMIC DEVELOPMENT COUNCIL, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $998K in total revenue in fiscal year 2024.

Mission

ENGAGE IN, ASSIST AND CONTRIBUTE TO THE SUPPORT OF ECONOMICAL AND INDUSTRIAL DEVELOPMENT OF THE CITY OF GRAETTINGER, IOWA, INCLUDING THE ASSISTANCE, ENCOURAGEMENT AND PRESERVATION OF EXISTING BUSINESSES AND INDUSTRIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $117,211

Program Service Revenue $925,180

Investment Income $-55,121

Other Revenue $10,312

TOTAL REVENUE $997,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,224

Fundraising Expenses $0

Program Expenses $997,555

Other Expenses $668,331

TOTAL EXPENSES $997,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$997,582	$957,419	+0.0%
Expenses	$997,555	$989,831	+0.0%
Net Income	$27	$-32,412	-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

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	Role	Reportable Comp	Other Comp	Total
JR BROWN	President	Officer Director	$0	$0	$0
JEREMY SIMINGTON	Vice President	Officer Director	$0	$0	$0
KAREN SPIES	Secretary	Officer Director	$0	$0	$0
MARTY CURRANS	Treasurer	Officer Director	$0	$0	$0
DAN HOFFMAN	Director	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
2025	No data	No data	No data	No data
2024	$997,582	$997,555	$1,225,924	$27
2023	$957,419	$989,831	$1,395,761	$-32,412
2022	$731,095	$737,265	$1,435,324	$-6,170
2021	$721,021	$675,171	$1,250,841	$45,850
2020	$697,159	$682,022	$1,074,544	$15,137
2019	$854,055	$830,443	$1,176,167	$23,612

GRAETTINGER ECONOMIC DEVELOPMENT COUNCIL