PRAIRIE PLACE ON 1ST INC (EIN 474394134) - 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

2015

Legal Domicile

Principal Officer

IAN STOCKBERGER

Phone

6414241740

Tax Period

2023-10-01 to 2024-09-30

PRAIRIE PLACE ON 1ST INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $317K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE THE COMMON GOOD AND GENERAL SOCIAL WELFARE OF THE COMMUNITY OF MASON CITY, IOWA THROUGH DOWNTOWN URBAN RENEWAL PROJECTS THAT WILL PROVIDE AFFORDABLE AND ACCESSIBLE HOUSING IN THE DOWNTOWN AREA AND PRIORITY ACCESS TO A CONTINUUM OF CARE TO INDIVIDUALS 55 YEARS OF AGE AND OLDER WHO DESIRE OPTIMUM INDEPENDENCE AND AN ACTIVE LIFESTYLE WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, NATIONAL ORIGIN OR DISABILITY.

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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 $0

Program Service Revenue $265,383

Investment Income $0

Other Revenue $4,575

TOTAL REVENUE $269,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,138

Other Expenses $317,382

TOTAL EXPENSES $317,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,958	$289,936	-0.1%
Expenses	$317,382	$299,453	+0.1%
Net Income	$-47,424	$-9,517	+4.0%

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

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

$473,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN STOCKBERGER	CEO	5.00	Officer	$0	$711	$304,176
KIMBER KLEVEN	ADMINISTRATOR	3.00	Officer	$0	$0	$169,624
AMY DIXON	VICE CHAIR THRU 11/23, CHAIR EFF 12/23	0.10	Officer Director	$0	$0	$0
JASON GEVING	CHAIRPERSON THRU 11/23	0.10	Officer Director	$0	$0	$0
GREG BRAUN	VICE CHAIR EFF 12/23	0.10	Officer Director	$0	$0	$0
MARTHA KOCH	SEC/TREAS EFF 12/23	0.10	Officer Director	$0	$0	$0
SAMUEL HUNT	SEC/TREAS THRU 11/23	0.10	Officer Director	$0	$0	$0
KATHRYN ALDEN	DIRECTOR THRU 11/23	0.10	Director	$0	$0	$0
CONNIE BLEILE	DIRECTOR	0.10	Director	$0	$0	$0
DR JOHN BOEDEKER	DIRECTOR EFF 12/23	0.10	Director	$0	$0	$0
BURTON EVERIST	DIRECTOR THRU 11/23	0.10	Director	$0	$0	$0
REV DAN GERRIETTS	DIRECTOR	0.10	Director	$0	$0	$0
REV JANE HARRIS	DIRECTOR EFF 12/23	0.10	Director	$0	$0	$0
MASON HARMS	DIRECTOR	0.10	Director	$0	$0	$0
WHITNEY JOHNSTON	DIRECTOR	0.10	Director	$0	$0	$0
JOHN LANDER	DIRECTOR EFF 12/23	0.10	Director	$0	$0	$0
KIRK PAULSON	DIRECTOR THRU 11/23	0.10	Director	$0	$0	$0
DAVID RUEN	DIRECTOR	0.10	Director	$0	$0	$0
TYLER SCHAEFER	DIRECTOR	0.10	Director	$0	$0	$0
LES SELTUN	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT SHIPMAN	DIRECTOR	0.10	Director	$0	$0	$0
DR JERROLD WHITE	DIRECTOR	0.10	Director	$0	$0	$0
ANNE ZOOK	DIRECTOR	0.10	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
2024	$269,958	$317,382	$6,045,343	$-47,424
2023	$289,936	$299,453	$6,296,027	$-9,517
2022	$268,159	$279,493	$6,808,045	$-11,334
2021	$242,295	$312,343	$7,015,243	$-70,048
2020	$231,018	$290,740	$7,306,176	$-59,722
2019	$190,244	$323,506	$7,451,923	$-133,262
2018	$175,259	$332,683	$8,183,522	$-157,424

PRAIRIE PLACE ON 1ST INC