KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION (EIN 472170508) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

BRETT HAMLIN

Phone

6416282191

Tax Period

2025-01-01 to 2025-12-31

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.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KNOXVILLE, IOWA AND SURROUNDING AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $0

Investment Income $32,180

Other Revenue $196,950

TOTAL REVENUE $304,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,736

TOTAL EXPENSES $2,736

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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

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	$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

KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION