One Economy Financial Development Corp

EIN: 833749919 501(c)(3) Community Improvement

DES MOINES, IA

Total Revenue
$251,013
Total Expenses
$271,313
Total Assets
$577,253
Net Assets
$211,858
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IA
Phone
5155006080
Tax Period
2023-10-01 to 2024-09-30

One Economy Financial Development Corp, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $251K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

CREATE A PATHWAY TO FINANCIAL STABILITY AND WEALTH AMONG LOW TO MODERATE INCOME INDIVIDUALS AND SMALL BUSINESSES WITH AN EMPHASIS ON THE BLACK COMMUNITY IN CENTRAL IOWA.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $229,994
Program Service Revenue $3,077
Investment Income $17,942
Other Revenue $0
TOTAL REVENUE $251,013

Expense Breakdown

Grants Paid $2,620
Salaries & Benefits $159,131
Fundraising Expenses $73
Program Expenses $211,544
Other Expenses $109,562
TOTAL EXPENSES $271,313

Year-over-Year Comparison

2023 2022 Change
Revenue $251,013 $193,219 +0.3%
Expenses $271,313 $279,516 0.0%
Net Income $-20,300 $-86,297 -0.8%
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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
15

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
5
$87,923
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ATTAWAY BOARD TREASURER 10.0
Officer Director
$0 $0 $0
LU SPAINE BOARD VICE CHAIR 8.0
Officer Director
$0 $0 $0
MIKE TRAMONTINA BOARD SECRETARY 4.0
Officer Director
$0 $0 $0
TED WILLIAMS BOARD CHAIR 12.0
Officer Director
$0 $0 $0
Alexis Davis Board Member 1.0
Director
$0 $0 $0
Aliou Keita Board Member 5.0
Director
$0 $0 $0
AMELIA LOBO BOARD MEMBER 2.0
Director
$0 $0 $0
COLIN PENNYCOOKE BOARD MEMBER 2.0
Director
$0 $0 $0
Dr Marvin DeJear Board Member 10.0
Director
$0 $0 $0
JOE BANTZ BOARD MEMBER 2.0
Director
$0 $0 $0
Meg Schneider Board Member 1.0
Director
$0 $0 $0
TESSIE JOHNSON BOARD MEMBER 1.0
Director
$0 $0 $0
VADA GRANTHAM BOARD MEMBER 6.0
Director
$0 $0 $0
VINCE C LINTZ EXECUTIVE DIRECTOR 40.0
Officer
$85,000 $2,923 $87,923
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 $251,013 $271,313 $577,253 $-20,300
2023 $193,219 $279,516 $665,512 $-86,297
2022 $170,216 $182,964 $616,098 $-12,748
2021 $405,562 $93,110 $187,031 $312,452
2021 $424,312 $93,109 $443,137 $331,203
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare One Economy Financial Development Corp with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.