Clayton County Development Group Inc

Nonprofit profile at a glance

EIN
421442829
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Elkader, IA, USA
Phone
5632452201
Rating
50
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$230,428
Expenses
$155,663
Assets
$676,547
Liabilities
$3,212

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MICHAEL ERICKSON (PRESIDENT)
  • WILLIAM ROBINSON (VICE-PRESIDENT)
  • DARLA KELCHEN (EXECUTIVE DIRECTOR)

People named in this filing

  • CATHY DENNING (SECRETARY)
  • JACKIE OPPERMAN (INDIVIDUAL DIRECTOR)
  • MICHAEL ERICKSON (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance opportunities for the creation of wealth for the citizens of clayton county, Iowa through the promotion of agriculture, industry and tourism.

What it reported doing in 2024

Tourism marketing & advertising program: to attract tourism to local businesses. Program accomplishments provided through television, magazine, radio and internet: 1)television ads: a)240 wxow tv commercials serving the lacrosse wi area; 285,000 viewers in Iowa, Wisconsin & Minnesota; b)330 plus, kwwl tv advertising contracts for local businesses, 21 Iowa countys viewing area; 2) magazine advertising circulation 340,000 subscribers in 3 publications: our Iowa, ia travel guide and american road, generating 5417 leads; 3) 12,000 event cards distributed to 24 welcome centers across Iowa & out of state; 4,000 dining cards distributed; 4) beverage cards distributed 5) 6,772 social media followers, facebook, instagram, & youtube 6) arrivalist data reported over 130,000 visitors to clayton county in 2024 7) over 1,840 brochures distributed at county & state fairs 8) over 506 radios ads on kctn & kadr

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 76
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 32.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 4.35; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.3% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.