IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION (EIN 830361044) - 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

2003

Legal Domicile

Principal Officer

BRUCE NUZUM

Phone

5152234817

Tax Period

2024-01-01 to 2024-12-31

IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 35% operating margin.

Mission

THE MISSION OF THE IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION IS TO FOSTER ECONOMIC DEVELOPMENT AND COMMUNITY BETTERMENT BY PROVIDING PUBLIC POLICY RESEARCH AND PROMOTION; EDUCATION AND TRAINING; AND COMMUNITY BASED AND GUIDED PHILANTHROPY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,089

Program Service Revenue $223,397

Investment Income $173,513

Other Revenue $0

TOTAL REVENUE $398,999

Expense Breakdown

Grants Paid $66,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $258,184

Other Expenses $191,434

TOTAL EXPENSES $258,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,999	$293,982	+0.4%
Expenses	$258,184	$78,444	+2.3%
Net Income	$140,815	$215,538	-0.3%

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

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

$358,451

Total Directors

$358,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS H AEILTS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JACOB OLBERDING	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BRUCE NUZUM	CEO	20.00	Officer Director	$0	$95,538	$358,451
MATT WASHBURN	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
RON STEINHOFF	DIRECTOR	0.00	Director	$0	$0	$0
DAVID ONKEN	DIRECTOR	0.00	Director	$0	$0	$0
NORM MAJOR	DIRECTOR	0.00	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
2024	$398,999	$258,184	$3,310,882	$140,815
2023	$293,982	$78,444	$3,027,941	$215,538
2022	$283,671	$56,454	$2,528,381	$227,217
2021	$380,383	$82,030	$2,684,124	$298,353
2020	$217,531	$61,313	$2,233,218	$156,218
2019	$216,712	$48,935	$1,917,938	$167,777
2018	$246,406	$57,514	$1,538,211	$188,892

IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION