KNOXVILLE, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $304K in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 99% operating margin.
THE ORGANIZATION'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KNOXVILLE, IOWA AND SURROUNDING AREA.
THE ORGANIZATION WORKED WITH DEVELOPERS AND BUILDERS TO CONSTRUCT SPEC HOUSES IN KNOXVILLE, IA. THESE PROJECTS ARE MEANT TO SPARK THE MOVEMENT OF FAMILIES INTO THE AREA BY HAVING HOUSING AVAILABLE...
THE ORGANIZATION WORKED WITH DEVELOPERS AND BUILDERS TO CONSTRUCT SPEC HOUSES IN KNOXVILLE, IA. THESE PROJECTS ARE MEANT TO SPARK THE MOVEMENT OF FAMILIES INTO THE AREA BY HAVING HOUSING AVAILABLE FOR SALE WHEN FAMILIES ARE CONSIDERING A MOVE. THEY ARE ALSO MEANT TO ADDRESS A SIGNIFICANT SHORTAGE OF HOUSING OPTIONS IDENTIFIED BY MAJOR EMPLOYERS IN THE AREA AND TO CREATE THE DEMAND FOR A NEW HOUSING DEVELOPMENT IN KNOXVILLE. THE HOUSES HAVE BEEN SOLD AND SIMILAR PROJECTS HAVE BEEN STARTED WITH THE SALE PROCEEDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $304,130 | $218,378 | +0.4% |
| Expenses | $2,736 | $44,999 | -0.9% |
| Net Income | $301,394 | $173,379 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRETT HAMLIN | PRESIDENT/TR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HEATHER USSERY | V.P./SECRETA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAT WEILER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN KINCAID | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEL SUHR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BAILEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $304,130 | $2,736 | $1,365,874 | $301,394 |
| 2024 | $218,378 | $44,999 | $1,064,480 | $173,379 |
| 2023 | $-298,692 | $2,623 | $891,101 | $-301,315 |
| 2022 | $161,338 | $830 | $1,192,416 | $160,508 |
| 2021 | $260,733 | $1,215 | $1,031,908 | $259,518 |
| 2020 | $165,183 | $2,266 | $772,390 | $162,917 |
| 2019 | $125,429 | $10,177 | $609,473 | $115,252 |
| 2018 | $119,835 | $20,975 | $494,221 | $98,860 |
Compare KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Iowa and across the country.