WORTH COUNTY DEVELOPMENT AUTHORITY (EIN 912198028) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

SHANAN REDINGER

Phone

6413241618

Tax Period

2025-01-01 to 2025-12-31

WORTH COUNTY DEVELOPMENT AUTHORITY, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.0M in total revenue in fiscal year 2025. The organization ran a surplus of $1.1M, a strong 15% operating margin.

Mission

TO PROVIDE FOR AND ADMINISTER THE COMMUNITY PORTION OF GAMING REVENUE FOR THE DEVELOPMENT OF WORTH COUNTY, IOWA, IN ACCORDANCE WITH IOWA CODE SECTION 99F.

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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 (2025)

Revenue Breakdown

Contributions & Grants $6,668,431

Program Service Revenue $0

Investment Income $294,162

Other Revenue $0

TOTAL REVENUE $6,962,593

Expense Breakdown

Grants Paid $5,683,756

Salaries & Benefits $148,225

Fundraising Expenses $0

Program Expenses $5,795,003

Other Expenses $74,239

TOTAL EXPENSES $5,906,220

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,962,593	$6,564,227	+0.1%
Expenses	$5,906,220	$6,818,439	-0.1%
Net Income	$1,056,373	$-254,212	-5.2%

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

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

$123,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA HANSON	CFO-RETIRED	40.00	Director	$107,789	$15,245	$123,034
RON MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL HACKBART	BOARD MEMBER	1.00	Director	$0	$0	$0
HARLAN HELGESON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN HENDRIKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM HENGESTEG	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
CURTIS SCHAUB	Vice President	1.00	Director	$0	$0	$0
BECKY MARTINSON	Treasurer	1.00	Director	$0	$0	$0
SHANAN REDINGER	President	1.00	Director	$0	$0	$0
SAWYER SCHULZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY WILHELM	Secretary	1.00	Director	$0	$0	$0
MICHELLE SCHULZ	CFO	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	$6,962,593	$5,906,220	$8,542,060	$1,056,373
2024	$6,564,227	$6,818,439	$7,485,582	$-254,212
2023	$6,451,073	$6,951,972	$7,739,487	$-500,899
2022	$6,157,684	$6,536,376	$8,240,749	$-378,692
2021	$6,215,500	$2,934,564	$8,616,686	$3,280,936
2020	$3,981,769	$5,216,564	$5,334,691	$-1,234,795
2019	$4,974,563	$3,996,055	$6,569,486	$978,508
2018	$4,968,396	$7,022,956	$5,590,978	$-2,054,560

WORTH COUNTY DEVELOPMENT AUTHORITY