MITCHELL COUNTY ECONOMIC DEVELOPMENT CO COMMISSION

EIN: 421515842 501(c)(3)

OSAGE, IA

Total Revenue
$819,724
Total Expenses
$675,613
Total Assets
$978,445
Net Assets
$674,853
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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
IA
Phone
6417324790
Tax Period
2024-01-01 to 2024-12-31

MITCHELL COUNTY ECONOMIC DEVELOPMENT CO COMMISSION, founded in 2000, is a small nonprofit that reported $820K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $144K, a strong 18% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN MITCHELL COUNTY

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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 $717,783
Program Service Revenue $65,545
Investment Income $14,206
Other Revenue $22,190
TOTAL REVENUE $819,724

Expense Breakdown

Grants Paid $501,871
Salaries & Benefits $123,931
Fundraising Expenses $0
Program Expenses $675,613
Other Expenses $49,811
TOTAL EXPENSES $675,613

Year-over-Year Comparison

2024 2023 Change
Revenue $819,724 $722,952 +0.1%
Expenses $675,613 $472,096 +0.4%
Net Income $144,111 $250,856 -0.4%
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
3
Independent Members
N/A
Employees
2
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
0
$0
Total Directors
3
$84,124
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER L BACKER Director 40.00
Director
$76,174 $0 $76,174
KAYLA J ZIMMERMAN Trustee 36.00
Director
$7,950 $0 $7,950
TODD FREIN VICE CHAIRMAN 5.00
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
2024 $722,952 $472,096 $830,742 $250,856
2024 $819,724 $675,613 $978,445 $144,111
2023 $155,121 $245,341 $579,886 $-90,220
2022 $269,780 $160,276 $670,106 $109,504
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