Oelwein Event Corporation

EIN: 872687887 501(c)(3) Community Improvement

Oelwein, IA

Total Revenue
$114,632
Total Expenses
$202,228
Total Assets
$4,977,649
Net Assets
$2,939,475
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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
2021
Legal Domicile
IA
Principal Officer
Deb Howard
Tax Period
2023-07-01 to 2024-06-30

Oelwein Event Corporation, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $202K exceeded revenue, resulting in a 76% operating deficit.

Mission

To anchor the downtown Oelwein and provide a large influx of visistors to the greater Oelwein Area while also giving back to the 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 (2023)

Revenue Breakdown

Contributions & Grants $114,934
Program Service Revenue $-1,600
Investment Income $1,298
Other Revenue $0
TOTAL REVENUE $114,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,489
Fundraising Expenses $0
Program Expenses $202,228
Other Expenses $193,739
TOTAL EXPENSES $202,228

Year-over-Year Comparison

2023 2022 Change
Revenue $114,632 $3,174,824 -1.0%
Expenses $202,228 $147,753 +0.4%
Net Income $-87,596 $3,027,071 -1.0%
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

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Kullmer Director 0.00
Director
$0 $0 $0
Sarah Lewis Treasurer 0.00
Director
$0 $0 $0
Deb Howard President 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
2025 No data No data No data No data
2024 $114,632 $202,228 $4,977,649 $-87,596
2023 $3,174,824 $147,753 $3,072,072 $3,027,071
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