LESTER, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LESTER DEVELOPMENT CORPORATION is a small nonprofit in the Community Improvement sector that reported $543K in total revenue in fiscal year 2023. Revenue surged 1520% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 62% operating margin.
The Lester Development Corporation seeks to be a driver in the future growth and development of the village of Lester by partnering with localgovernment, development foundations, businesses, and residents. The corporation aims to provide available housing for individuals andfamilies interested in moving to Lester as well as opportunities for businesses that are either moving to town or looking to expand on theircurrent operation. The corporation will be active in purchasing and developing residential and commercial properties as they come available toallow for continued growth throughout the city. By forming this corporation, we will also take a burden off the local government by handling theplanning and execution for expansion.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $542,693 | $33,500 | +15.2% |
| Expenses | $207,166 | $1,697 | +121.1% |
| Net Income | $335,527 | $31,803 | +9.6% |
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 |
|---|---|---|---|---|---|---|
| JON GERBER | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL MOSER | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUE FLUIT | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSH METZGER | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARIN KNOBLOCH | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTI AGESON | Director | 1.00 |
Director
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$0 | $0 | $0 |
| MICHAEL LEUTHOLD | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $542,693 | $207,166 | $681,431 | $335,527 |
Compare LESTER DEVELOPMENT CORPORATION with other nonprofits in Iowa and across the country.