MASON CITY DOWNTOWN ASSOCIATION

EIN: 481256121 501(c)(3) Education

MASON CITY, IA

Total Revenue
$118,380
Total Expenses
$69,227
Total Assets
$95,587
Net Assets
$95,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IA
Principal Officer
EMILY GINNEBERGE
Phone
6414940003
Tax Period
2022-01-01 to 2022-12-31

MASON CITY DOWNTOWN ASSOCIATION, founded in 1998, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 42% operating margin.

Mission

TO ENHANCE, PROMOTE AND PRESERVE DOWNTOWN MASON CITY AS A DIVERSE BUSINESS, CULTURAL AND RESIDENTIAL DESTINATION, FOR THE BENEFIT OF THE ENTIRE COMMUNITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $144,733
Program Service Revenue $0
Investment Income $98
Other Revenue $-26,451
TOTAL REVENUE $118,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,455
Fundraising Expenses $11,808
Program Expenses $25,894
Other Expenses $29,772
TOTAL EXPENSES $69,227

Year-over-Year Comparison

2022 2021 Change
Revenue $118,380 $165,552 -0.3%
Expenses $69,227 $167,391 -0.6%
Net Income $49,153 $-1,839 -27.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
150

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
3
$33,333
Total Directors
11
$0
Key Employees
1
$33,333
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY GINNEBERGE EXEC DIRECTOR 40.00
Officer Key Emp
$33,333 $0 $33,333
TESSA TROUT VICE PRES & SECRETARY 1.00
Officer Director
$0 $0 $0
MELISSA FABIAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SULLIVAN PAST PRESIDENT 1.00
Director
$0 $0 $0
STEVEN VAN STEENHUYSE DIRECTOR 1.00
Director
$0 $0 $0
JACLYN MEIER TREASURER 1.00
Officer Director
$0 $0 $0
JASON GEVING DIRECTOR 1.00
Director
$0 $0 $0
STEVE BAILEY PRESIDENT 3.00
Director
$0 $0 $0
TIMOTHY SCHUPICK DIRECTOR 2.00
Director
$0 $0 $0
ABIGAIL LEE DIRECTOR 1.00
Director
$0 $0 $0
DIANE ARNDT DIRECTOR 1.00
Director
$0 $0 $0
JEREMIAH FREIN 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
2022 $118,380 $69,227 $95,587 $49,153
2021 $165,552 $167,391 $47,538 $-1,839
2020 $96,913 $169,244 $49,706 $-72,331
2019 $44,193 $74,252 $78,457 $-30,059
2018 $52,624 $62,323 $108,487 $-9,699
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