ROCK RAPIDS DEVELOPMENT CORPORATION INC (EIN 463606537) - 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

2013

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

ROCK RAPIDS DEVELOPMENT CORPORATION INC, founded in 2013, is a micro nonprofit in the Mutual Benefit sector that reported $40K in total revenue in fiscal year 2023. Revenue fell 105% from the prior year — a significant decline worth monitoring.

Mission

TO RETAIN AND DEVELOP INDUSTRIAL, COMMERCIAL AND RETAIL BUSINESSES IN ROCK RAPIDS, IOWA. TO PROMOTE OUR COMMUNITY AS A GREAT PLACE TO LIVE, WORK, PLAY AND CONDUCT BUSINESS

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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 (2023)

Revenue Breakdown

Contributions & Grants $64,521

Program Service Revenue $0

Investment Income $20,982

Other Revenue $-125,325

TOTAL REVENUE $-39,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,592

Other Expenses $51,064

TOTAL EXPENSES $51,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-39,822	$732,235	-1.1%
Expenses	$51,064	$40,731	+0.3%
Net Income	$-90,886	$691,504	-1.1%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT BOSCH	Director	1.00	Director	$0	$0	$0
KATIE RANNEY	Director	1.00	Director	$0	$0	$0
TOM MENAGE	Director	1.00	Director	$0	$0	$0
LISA DIEREN	Director	1.00	Director	$0	$0	$0
BRIAN EBEN	Director	1.00	Director	$0	$0	$0
CRAIG HOHN	Director	1.00	Director	$0	$0	$0
JAMES MONTAG	Director	1.00	Director	$0	$0	$0
JORDAN KORDAHL	Director	1.00	Director	$0	$0	$0
TROY METZGER	Director	1.00	Director	$0	$0	$0
MICAH FREESE	DEV DIRECTOR	40.00	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
2025	No data	No data	No data	No data
2024	$-39,822	$51,064	$1,885,734	$-90,886
2023	$732,235	$40,731	$2,016,620	$691,504
2022	$171,117	$34,041	$1,359,569	$137,076
2021	$119,850	$50,263	$1,599,378	$69,587
2020	$344,704	$87,088	$1,387,219	$257,616
2019	$60,940	$81,806	$911,041	$-20,866
2018	$131,700	$27,841	$971,460	$103,859

ROCK RAPIDS DEVELOPMENT CORPORATION INC