Civic Intelligence

Audubon County Economic Development Corporation

990 • Fiscal year 2024 • EIN 42-1303726

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 24, 2025

Organization ProfileWWW.AUDUBONCOUNTY.COM
800 Market StreetAudubon, IA 50025

(712) 563-2742

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-32%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.3%

Faster asset growth than 23% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

33%

Faster revenue growth than 75% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$1,252,572

Down $42,680 (-3.3%) from 2023

Net Assets

Down

$1,251,616

Down $42,680 (-3.3%) from 2023

Liabilities

Flat

$956

Flat from 2023

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin8th percentile

Revenue

Up

$155,186

Up $38,159 (+33%) from 2023

Expenses

Down

$204,978

Down $271,654 (-57%) from 2023

Net Income

Up

-$49,792

Up $309,813 (+86%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $445,630Liabilities 2012: $02012Assets 2013: $440,906Liabilities 2013: $02013Assets 2014: $467,752Liabilities 2014: $02014Assets 2015: $517,449Liabilities 2015: $0Net Assets 2015: $517,4492015Assets 2016: $571,890Liabilities 2016: $38,920Net Assets 2016: $532,9702016Assets 2017: $549,120Liabilities 2017: $924Net Assets 2017: $548,1962017Assets 2018: $404,229Liabilities 2018: $3,366Net Assets 2018: $400,8632018Assets 2019: $374,631Liabilities 2019: $6,500Net Assets 2019: $368,1312019Assets 2020: $413,181Liabilities 2020: $93Net Assets 2020: $413,0882020Assets 2021: $533,348Liabilities 2021: $39Net Assets 2021: $533,3092021Assets 2022: $1,644,626Liabilities 2022: $216Net Assets 2022: $1,644,4102022Assets 2023: $1,295,252Liabilities 2023: $956Net Assets 2023: $1,294,2962023Assets 2024: $1,252,572Liabilities 2024: $956Net Assets 2024: $1,251,6162024Assets 2025: $1,570,471Liabilities 2025: $423,405Net Assets 2025: $1,147,0662025

Highlighted filing

2024

Assets$1,252,572
Liabilities$956
Net Assets$1,251,616
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $120,563Expenses 2012: $89,900Net Income 2012: $30,6632012Revenue 2013: $95,360Expenses 2013: $100,084Net Income 2013: -$4,7242013Revenue 2014: $129,086Expenses 2014: $127,049Net Income 2014: $2,0372014Revenue 2015: $125,142Expenses 2015: $75,445Net Income 2015: $49,6972015Revenue 2016: $103,860Expenses 2016: $73,398Net Income 2016: $30,4622016Revenue 2017: $111,954Expenses 2017: $96,728Net Income 2017: $15,2262017Revenue 2018: $519,299Expenses 2018: $666,632Net Income 2018: -$147,3332018Revenue 2019: $159,238Expenses 2019: $191,970Net Income 2019: -$32,7322019Revenue 2020: $132,154Expenses 2020: $92,390Net Income 2020: $39,7642020Revenue 2021: $194,148Expenses 2021: $210,343Net Income 2021: -$16,1952021Revenue 2022: $1,294,819Expenses 2022: $170,952Net Income 2022: $1,123,8672022Revenue 2023: $117,027Expenses 2023: $476,632Net Income 2023: -$359,6052023Revenue 2024: $155,186Expenses 2024: $204,978Net Income 2024: -$49,7922024Revenue 2025: $488,573Expenses 2025: $507,177Net Income 2025: -$18,6042025

Highlighted filing

2024

Revenue$155,186
Expenses$204,978
Net Income-$49,792
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 24, 2025
Return Version
2023v6.0
Gross Receipts
$155,186
Mission and Program Overview

Mission

Assist existing county businesses with retention and expansion; solicit new businesses; create and acquire space for new businesses; and enchance the quality of life in audubon county, iowa.

Retention and expansion; solicit new businesses; create and acquire space for new businesses; and enhance the quality of life in audubon county iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$959,125$886,446▼ $72,679
Land, Buildings, and Equipment, Net$331,572$361,571▲ $29,999
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$1,295,252$1,252,572▼ $42,680
Other Assets Total$4,355$4,355→ $0
Liabilities
Accounts Payable and Accrued Expenses$956$956→ $0
Total Liabilities$956$956→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,294,296$1,251,616▼ $42,680
Total Net Assets Fund Balance$1,294,296$1,251,616▼ $42,680
Total Liabilities and Net Assets / Fund Balance$1,295,252$1,252,572▼ $42,680

Asset Categories

AssetBook ValueDepreciationBasis
Land$361,571--
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Troy WesselPresident
Pat KaiserVice President
Brett IrlmeierDirector
Lyle Hansen JrDirector
Sam KauffmanDirector - City of Audubon
Jeff BauerDirector - City of Exira
John MeislahnDirector - City of Exira
Steve SchmitzDirector - City of Kimballton
Doug SorensenDirector - County Supervisor
Jason HockerSecretary
Laurie GilbertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,971
Program Service Revenue
$0
Investment Income
$215
Other Revenue
$6,000
All Other Contributions
$66,238
Change in Net Assets
$-49,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$100,692
Salaries, Compensation, and Employee Benefits$67,137
Other Expenses$37,149
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$100,692--$100,692
Other Salaries and Wages$0$62,000$0$62,000
Advertising$0$8,218$0$8,218
Office Expenses$0$7,582$0$7,582
Other Expenses$5,320$0$0$5,320
Payroll Taxes$0$5,137$0$5,137
Occupancy$0$3,900$0$3,900
Fees for Services Other$0$3,723$0$3,723
Insurance$2,129$0$0$2,129
Conferences and Meetings$0$430$0$430
Fees for Services Legal$0$200$0$200
Information Technology$0$195$0$195
Total Functional Expenses$113,593$91,385$0$204,978
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Audubon County Economic Development
EIN
42-1303726
Phone
7125632742
Address
800 MARKET STREET, AUDUBON, IA 50025

Signing Officer

Name
Troy D Wessel
Title
President
Phone
7125632742
Signed
2025-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy D Wessel
Formed
1987
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
Griffin CPA LLC
Address
401 Market Street, Audubon, IA 50025
Preparer
Brady Griffin CPA
Phone
7125632040
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Board reviews financial statements monthly and form 990 annually, prior to submission.”

Pt VI, Line 12C

“The organization does not have a formal conflict of interest policy. However, officers and directors disclose and discuss any conflicts they may have during monthly meetings and abstain from voting on the matter if appropriate.”

Pt VI, Line 19

“The governing documents and board minutes are available upon request.”

Form 990, Part III, Line 4D

“Other major projects 10626. 10626. 0.”

Raw XML Appendix387 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR - CITY OF EXIRA
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR - COUNTY SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR - CITY OF KIMBALLTON
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR - CITY OF AUDUBON
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION EXPENDED FUNDS OF $12,901 FOR PROPERTY TAXES, INSURANCE, AND MOWING TO MAINTAIN PROPERTIES THEY OWNED AND PURCHASED FOR FUTURE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt012901
IRS990/ProgSrvcAccomActy3Grp/GrantAmt012901
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER MAJOR PROJECTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt010626
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt010626
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0110416
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0405692
IRS990/PYInvestmentIncomeAmt0611
IRS990/PYOtherExpensesAmt026636
IRS990/PYOtherRevenueAmt06000
IRS990/PYRevenuesLessExpensesAmt0-359605
IRS990/PYSalariesCompEmpBnftPaidAmt044304
IRS990/PYTotalExpensesAmt0476632
IRS990/PYTotalRevenueAmt0117027
IRS990/ReconcilationRevenueExpnssAmt0-49792
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0959125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0886446
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0361571
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0361571
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0361571
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS FINANCIAL STATEMENTS MONTHLY AND FORM 990 ANNUALLY, PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY. HOWEVER, OFFICERS AND DIRECTORS DISCLOSE AND DISCUSS ANY CONFLICTS THEY MAY HAVE DURING MONTHLY MEETINGS AND ABSTAIN FROM VOTING ON THE MATTER IF APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND BOARD MINUTES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER MAJOR PROJECTS 10626. 10626. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01295252
IRS990/TotalAssetsEOYAmt01252572
IRS990/TotalAssetsGrp/BOYAmt01295252
IRS990/TotalAssetsGrp/EOYAmt01252572
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0148971
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091385
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0113593
IRS990/TotalFunctionalExpensesGrp/TotalAmt0204978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0956
IRS990/TotalLiabilitiesEOYAmt0956
IRS990/TotalLiabilitiesGrp/BOYAmt0956
IRS990/TotalLiabilitiesGrp/EOYAmt0956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01294296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01251616
IRS990/TotalOtherProgSrvcExpenseAmt010626
IRS990/TotalOtherProgSrvcGrantAmt010626
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0113593
IRS990/TotalRevenueGrp/ExclusionAmt06215
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0155186
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01295252
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01252572
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 MARKET STREET
IRS990/USAddress/CityNm0AUDUBON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050025
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.AUDUBONCOUNTY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TROY D WESSEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07125632742
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUDUBON COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0AUDU
ReturnHeader/Filer/EIN0421303726
ReturnHeader/Filer/PhoneNum07125632742
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0AUDUBON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0993879577
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Griffin CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 Market Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Audubon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050025
ReturnHeader/PreparerPersonGrp/PhoneNum07125632040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brady Griffin CPA
ReturnHeader/ReturnTs02025-12-03T11:09:13-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,252,572
Liabilities
$956
Net assets
$1,251,616
Revenue
$155,186
Expenses
$204,978
Net income
-$49,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.57$0.42$1.15$0.49$0.51$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.16$0.20$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.29$0.12$0.48$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$1.29$0.17$1.12
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.19$0.21$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.13$0.09$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.37$0.16$0.19$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.52$0.67$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.11$0.10$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.53$0.10$0.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.13$0.08$0.05
2014Summary only. Only limited summary data is available for this year.$0.47$0.00$0.13$0.13$0.00
2013Summary only. Only limited summary data is available for this year.$0.44$0.00$0.10$0.10$0.00
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.12$0.09$0.03