Obrien County Economic Development EIN 42-1375644

Obrien County Economic Development

EIN  42-1375644 Business league / trade association Primghar, IA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps businesses grow and improve to strengthen the local economy.
Leadership
Kiana Johnson · Exec Directo · $94K
Money in and out
$284K revenue, $212K expenses
Bottom line
+25% operating surplus

Helps businesses grow and improve to strengthen the local economy. For fiscal year 2025 it reported $284K in revenue, $212K in expenses, and $1.6M in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$284K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.03 Management & general $0.97
Operating surplus
+25%
revenue over expenses▲ +191% vs prior filing year
Earned revenue
26%
of revenue from program services & dues▼ -30% vs prior filing year
Payroll share
72%
of spending is salaries & benefits▲ +41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$284K
FY2025▲ +28%
Expenses
$212K
FY2025▼ -25%
Total assets
$3.1M
FY2025▲ +5%
Total liabilities
$1.5M
FY2025▲ +5%
Total revenue
$284K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B3%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $6K of program spending, described in the organization's own filed words · FY2024.
01

O'brien county economic development provides low interest rate loans to businesses located in o'brien county, iowa for the expansion and growth of area businesses and the CREATION/PRESERVATION of area jobs.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CObrien County Economic Development
EINHdr · item D42-1375644
Principal addressHdr · item CPrimghar, IA
WebsiteHdr · item Jwww.obriencounty.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFSep 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Directo
$94,272Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kiana Johnson’s $94K as Exec Directo is at the 69th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Kiana Johnson$94,272$82,476$87,837$81,991$75,627

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$187K · 66%
Program service revenue$75K · 26%
Investment income$22K · 8%
Contributions & grants66%$187K
Program service revenue26%$75K
Investment income8%$22K
— government grantsLn 1e$180K
Total revenueLn 12$284K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.03 Management & general $0.97
Program services3%$6K
Management & general97%$206K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$3.1M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$1.6M
Months of cash on handcomputed76.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $212K
76.6 months
Where the money goes
Program services
Program services $6K · Total expenses $212K
3%
Management & General
Management & general $206K · Total expenses $212K
97%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $187K · Total revenue $284K
66%
Government reliance
Government grants $180K · Total revenue $284K
63%
Earned-income share
Program service revenue $75K · Total revenue $284K
26%
Investment reliance
Investment income $22K · Total revenue $284K
+8%
Program self-sufficiency
Program service revenue $75K · Total expenses $212K
35%
Growth & trend
Revenue growth (YoY)
This year $284K · Prior year $221K
+28%
Revenue CAGR
FY2019 $228K · FY2024 $284K
+4%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $284K · Expenses $212K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $1.6M · Total assets $3.1M
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kiana Johnson · Reported title EXEC DIRECTO · Highest reported compensation $94K · Total expenses $212K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $152K · Total expenses $212K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 3%
Overhead ratio 97%
Fundraising cost ratio 0%
Revenue growth 28%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$284K revenue · viewing · ⤓ 990 PDF
FY2024$221K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$333K revenue · ⤓ 990 PDF
FY2021$252K revenue · ⤓ 990 PDF
FY2020$228K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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