Cass-atlantic Development Corp
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Cass-atlantic Development Corp is a 501(c)(6) organization based in Atlantic, Iowa, registered in 1977, with $272,376 in FY2024 revenue. CharityIndex grades it C+.
14 W 6th St, Atlantic, IA, 50022 EIN 42-1067441 Since 1977
Revenue (FY2024)
$272K
▲ 45.3% vs prior year
Expenses (FY2024)
$156K
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cass-atlantic Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating80 mo reserves · +43% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cass-atlantic Development Corp: 80 mo reserves · +43% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cass-atlantic Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cass-atlantic Development Corp: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $179K (FY2020) to $272K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $101KNet assets $1.0M
Operating margin
42.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$101K
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $272,376▲45.3% | $156,050▲4.8% | $1,038,947▲12.6% | $1,140,149▲11.4% | 990 |
| 2023 | $187,497▲0.4% | $148,958▲2.0% | $922,621▲4.4% | $1,023,823▲2.6% | 990 |
| 2022 | $186,734▼10.5% | $145,981▼3.2% | $884,082▲4.8% | $997,738▲1.1% | 990 |
| 2021 | $208,627▲16.8% | $150,793▼37.1% | $843,329▲9.4% | $986,480▲2.2% | 990 |
| 2020 | $178,644 | $239,672 | $771,104 | $964,828 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Cass-atlantic Development Corp a legitimate nonprofit?
- Yes. Cass-atlantic Development Corp is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 42-1067441, based in Atlantic, Iowa.
- What is Cass-atlantic Development Corp's EIN?
- Cass-atlantic Development Corp's Employer Identification Number (EIN) is 42-1067441.
- How much revenue does Cass-atlantic Development Corp report?
- Cass-atlantic Development Corp reported $272,376 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Cass-atlantic Development Corp have?
- CharityIndex grades Cass-atlantic Development Corp C+, based on financial health (reserves and operating margin).
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Data for Cass-atlantic Development Corp (EIN 42-1067441) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.