NEWTON COMMUNITY EVENTS INC

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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

2022

Legal Domicile

Principal Officer

DANA VANGILDER

Phone

6417910868

Tax Period

2024-01-01 to 2024-12-31

NEWTON COMMUNITY EVENTS INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

NEWTON COMMUNITY EVENTS IS A 501(C)(3) WHOSE PURPOSE IS TO HELP ENCOURAGE COMMUNITY EVENTS IN JASPER COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,501,041 Revenue: $1,501,041

HYVEE INDYCAR RACE WEEKEND JULY 12-14 2024. A 3-DAY FESTIVAL OF SPEED AND A-LIST CONCERT ENTERTAINMENT. FRIDAY WAS A FREE ADMISSION DAY WITH FEATURED ON-TRACK ACTIVIEES, MUSICAL ENTERAINMENT,ETC...

HYVEE INDYCAR RACE WEEKEND JULY 12-14 2024. A 3-DAY FESTIVAL OF SPEED AND A-LIST CONCERT ENTERTAINMENT. FRIDAY WAS A FREE ADMISSION DAY WITH FEATURED ON-TRACK ACTIVIEES, MUSICAL ENTERAINMENT,ETC. SATURDDAY AND SUNDAY PRESENTED THE STARS OF THE NTT INDYCAR SERIES IN A CHAMPIONSHIP DOUBLE-HEADER PLUS TWO MAJOR CONCERT ACTS ON EACH DAY. THE EVENTS HAD A PAID ATTENDANCE OF OVER 80,000 WITH 55% COMING FROM OUTSIDE OF IOWA. THIS WEEKEND IMPACTED NOT ONLY NEWTON BUT ALL OF THE GREATER DES MOINES AND CENTRAL IOWA REGIONS. HOTEL/MOTEL ROOMS AND CAMPING SITES WERE SOLD OUT WITH AT TOTAL ECONOMIC IMPACT OF OVER $50 MILLION.

Program 2

Expenses: $90,624 Revenue: $90,624

NASCAR EVENT WEEKEND 6/14-6/16/2024. THE 2024 NASCAR EVENT WEEKEND AT IOWA SPEEDWAY IN NEWTON WAS HELD ON JUNE 14-16 AND FEATURED THE TRACKS INAGURAL NASCAR CUP SERIES RACE ON SUNDAY JUNE 16. THAT...

NASCAR EVENT WEEKEND 6/14-6/16/2024. THE 2024 NASCAR EVENT WEEKEND AT IOWA SPEEDWAY IN NEWTON WAS HELD ON JUNE 14-16 AND FEATURED THE TRACKS INAGURAL NASCAR CUP SERIES RACE ON SUNDAY JUNE 16. THAT EVENT SOLD OUT OF TICKETS AND HOSPITALITY IN RECORD TIME, SO THE FOCUS OF OUR PROMOTIONAL PUSH SHIFTED TO THE TWO SUPPORTING EVENTS, THE NASCAR XFINITY SERIES RACE ON SATURDAY JUNE 15 AND THE ARCA MENARDS SERIES EVENT ON FRIDAY JUNE 14. THROUGH EFFECTIVE CROSS-PROMOTIONS WITH THE CUP SERIES MARKETING CAMPAIGN AND A HIGHLY TARGETED ADVERTISING STRATEGY THE NET RESULTS WERE SELL-OUT CROWDS FOR BOTH OF THE SUPPORTING SERIES RACES. PROMOTIONAL COMPONENTS OF THIS EVENT INCLUDED A COMBINATION OF OUTDOOR (BILLBOARD) ADVERTISING, SIGNAGE FOR PROMOTIONAL EVENTS, PREMIUM GIVE-AWAY ITEMS FOR PROMOTIONAL EVENTS, AND TARGETED DES MOINES AIRPORT ADVERTISING. THE NASCAR CUP SERIES WEEKEND WAS A BOOST FOR THE LOCAL, REGIONAL AND STATE ECONOMIES. THE ECONOMIC IMPACT WAS OVER $100M

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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 $5,302

Program Service Revenue $1,591,665

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,596,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,591,665

Other Expenses $1,600,545

TOTAL EXPENSES $1,600,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,596,967	N/A	N/A
Expenses	$1,600,545	N/A	N/A
Net Income	$-3,578	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA FORBES WINCHELL	DIRECTOR	0.50	Director	$0	$0	$0
RANDY ERVIN	DIRECTOR	0.50	Director	$0	$0	$0
CLINTON WEBSTER	DIRECTOR	0.50	Director	$0	$0	$0
ERIN YEAGER	DIRECTOR	0.50	Director	$0	$0	$0
FLOYD DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
DANA VANGILDER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CRAIG ARMSTRONG	SECRETARY	1.00	Officer	$0	$0	$0
LISA BERNAL	TREASURER	1.00	Officer	$0	$0	$0
BRETT LUNDBERG	PRESIDENT	2.00	Officer	$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	$1,596,967	$1,600,545	$5,812	$-3,578
2022	$389,538	$385,026	$4,512	$4,512