NEWTON DEVELOPMENT CORPORATION

EIN: 426076592

NEWTON, IA

Total Revenue
$206,947
Total Expenses
$169,261
Total Assets
$751,520
Net Assets
$741,696
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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
1951
Legal Domicile
IA
Principal Officer
JEFF PRICE
Phone
6417878210
Tax Period
2025-01-01 to 2025-12-31

NEWTON DEVELOPMENT CORPORATION, founded in 1951, is a small nonprofit that reported $207K in total revenue in fiscal year 2025. The organization ran a surplus of $38K, a strong 18% operating margin.

Mission

ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN, DEVELOP BUSINESS PROJECTS AND INDUSTRY IN THE NEWTON AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $77,000
Program Service Revenue $119,613
Investment Income $10,334
Other Revenue $0
TOTAL REVENUE $206,947

Expense Breakdown

Grants Paid $11,500
Salaries & Benefits $123,454
Fundraising Expenses $20,073
Program Expenses $127,444
Other Expenses $34,307
TOTAL EXPENSES $169,261

Year-over-Year Comparison

2025 2024 Change
Revenue $206,947 $215,426 0.0%
Expenses $169,261 $170,915 0.0%
Net Income $37,686 $44,511 -0.2%
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
15
Independent Members
15
Employees
2
Volunteers
30

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
5
$90,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK ALLEN CHAIR 1.00
Officer Director
$0 $0 $0
JEFF PRICE VICE CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
KIM DIDIER SECRETARY 1.00
Officer Director
$0 $0 $0
ROB KAHN PAST-CHAIR 1.00
Officer Director
$0 $0 $0
AMANDA ACCOLA DIRECTOR 1.00
Director
$0 $0 $0
JO JENKINS DIRECTOR 1.00
Director
$0 $0 $0
CHAD KELLEY DIRECTOR 1.00
Director
$0 $0 $0
TAMMI DEJONG DIRECTOR 1.00
Director
$0 $0 $0
KEITH ISLEY DIRECTOR 1.00
Director
$0 $0 $0
SUE NOLIN DIRECTOR 1.00
Director
$0 $0 $0
JOHN THALACKER DIRECTOR 1.00
Director
$0 $0 $0
AMANDA DOUGHERTY DIRECTOR 1.00
Director
$0 $0 $0
JASON LAUTERBACH DIRECTOR 1.00
Director
$0 $0 $0
KIRK RINGGENBERG DIRECTOR 1.00
Director
$0 $0 $0
TYLER HARTER 1.00
Director
$0 $0 $0
FRANK LIEBL EXECUTIVE DIRECTOR 40.00
Officer
$90,000 $0 $90,000
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
2025 $206,947 $169,261 $751,520 $37,686
2024 $215,426 $170,915 $744,417 $44,511
2023 $233,997 $207,408 $700,692 $26,589
2022 $215,851 $205,935 $676,197 $9,916
2021 $277,333 $200,996 $663,657 $76,337
2020 $313,161 $326,788 $587,478 $-13,627
2019 $189,074 $190,537 $601,673 $-1,463
2018 $194,094 $179,853 $582,169 $14,241
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