The Development Corporation Of
Nonprofit profile at a glance
- EIN
- 421169728
- IRS 990-EZ coverage
- 2009–2009
- Forms available
- Form 990-EZ 2009
- Location
- Fort Dodge, IA, USA
- Phone
- 5159555500
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $406,940
- Expenses
- $414,912
- Assets
- $225,575
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
20 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Webster county development is a membership organization organized for the purpose of promoting and developing industrial and economic development in webster county, Iowa.
What it reported doing in 2009
Wcd is a membership organization organized for the purpose of promoting industrial development in webster co.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 29
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.6%; rating input score 93
- Program expense ratio: 90.8%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 92.6% of revenue deployed · 90.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $377K in reported program spending
- Leadership: top reported pay $130K · 20 people listed
- Consistency: 7 of 7 current checks pass
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.