Cedar Rapids Metro Economic Alliance

Nonprofit profile at a glance

EIN
420172900
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Cedar Rapids, IA, USA
Phone
3193985317
Rating confidence
Limited

Official website

Reported finances

Revenue
$4,438,702
Expenses
$4,839,437
Assets
$5,057,841
Liabilities
$2,889,331

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • ABDEL JULIET (PRESIDENT/CEO)
  • NEUMANN DOUGLAS (PRESIDENT/CEO)
  • KNUTSON CALEB (DOWNTOWN EXECUTIVE DIRECTOR)

Highest reported compensation

  • CORBETT RON (VP OF ECONOMIC DEVELOPMENT): $187,162 total reported compensation
  • NEUMANN DOUGLAS (PRESIDENT/CEO): $158,430 total reported compensation
  • WASTA PHIL (MEDICAL SSMID MANAGER): $146,046 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To drive economic, workforce and population growth strategies, and to help businesses succeed.

What it reported doing in 2025

Economic and workforce development - under economic development the economic alliance's strategic goals are as follows: attract, grow and retain interstate commerce business. Our focus is targeted toward bio-processing/food ingredients, distribution/logistics, electronic equipment/design, food processing, financial services/insurance, information technology, process manufacturing and wind energy.1. Develop and maintain reports of data tools to assist with project management, business and workforce development.2. Coordinate and facilitate projects to utilize financial tools and programs for prospects and clients.3. Maintain and advance relationships with existing companies to identify growth and retention opportunities.4. Develop and implement strategies to improve recruitment of new companies. All programs and economic development efforts are designed to meet one or more of the goals. While many of our economic alliance staff spend time on economic development oriented programs, projects and initiatives, we have an economic development team who specifically focus on meeting our economic development strategic goals.workforce development supports workforce efforts by advancing talent attraction, development, and retention initiatives that align with regional economic goals. These efforts include strategic partnerships, employer engagement, and programs aimed at building a skilled and sustainable workforce.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 83
  • Accountability: 95
  • Sustainability: 19
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 9th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 20.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $187K · 19 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.