DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
CONDUCTING LEADERSHIP DEVELOPMENT PROGRAMS AND SEMINARS IN ORDER TO EDUCATE ELECTRIC COOPERATIVE MEMBERS, COMMUNITY VOLUNTEERS AND PROFESSIONAL DEVELOPERS ABOUT TOOLS, RESOURCES, AND TECHNICAL...
CONDUCTING LEADERSHIP DEVELOPMENT PROGRAMS AND SEMINARS IN ORDER TO EDUCATE ELECTRIC COOPERATIVE MEMBERS, COMMUNITY VOLUNTEERS AND PROFESSIONAL DEVELOPERS ABOUT TOOLS, RESOURCES, AND TECHNICAL ASSISTANCE IN ORDER TO FURTHER LOCAL ECONOMIC DEVELOPMENTAL EFFORTS. RESOURCES WILL ALSO BE USED TO UNDERTAKE AND/OR SUPPORT RESEARCH, STUDY, AND ANALYSIS OF THE ECONOMY OR SEGMENTS OF THE ECONOMY OF THE STATE OF IOWA IN ORDER TO ENCOURAGE LOCAL ECONOMIC DEVELOPMENTAL EFFORTS.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION with other nonprofits in Iowa and across the country.