ADVANCE SOUTHWEST IOWA CORPORATION (EIN 464355929) - 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

Principal Officer

CHRIS BLUM

Tax Period

2023-01-01 to 2023-12-31

ADVANCE SOUTHWEST IOWA CORPORATION, founded in 2013, is a small nonprofit that reported $904K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 17% operating margin.

Mission

ECONOMIC DEVELOPMENT MARKETING AND RECRUITING SERVICES

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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 $804,660

Program Service Revenue $96,500

Investment Income $2,485

Other Revenue $0

TOTAL REVENUE $903,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,346

Fundraising Expenses $0

Program Expenses $695,442

Other Expenses $267,562

TOTAL EXPENSES $746,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$903,645	$615,783	+0.5%
Expenses	$746,908	$701,251	+0.1%
Net Income	$156,737	$-85,468	-2.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA HAZLEWOOD	CEO	40.00	Highest	$153,000	$0	$153,000
TARA SLEVIN	MEMBER	1.00	Director	$0	$0	$0
SUE PITTS	MEMBER	1.00	Director	$0	$0	$0
JOE DISALVO	MEMBER	1.00	Director	$0	$0	$0
GEORGI IVANOV	MEMBER	1.00	Director	$0	$0	$0
PETER RYERSON	MEMBER	1.00	Director	$0	$0	$0
MARK HANWRIGHT	MEMBER	1.00	Director	$0	$0	$0
BRENDA MAINWARING	MEMBER	1.00	Director	$0	$0	$0
CHRIS BLUM	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY MCDERMOTT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH KALLSEN	SECRETARYTREASURER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$903,645	$746,908	$237,324	$156,737
2022	$615,783	$701,251	$80,587	$-85,468
2021	$501,193	$462,528	$184,423	$38,665
2020	$571,978	$515,043	$211,580	$56,935
2020	$526,978	$515,043	$211,580	$11,935
2019	$431,322	$387,794	$121,054	$43,528
2018	$222,011	$278,459	$81,445	$-56,448

ADVANCE SOUTHWEST IOWA CORPORATION