BURLINGTON WEST BURLINGTON AREA DEVELOPMENT FOUNDATION

EIN: 200283432 501(c)(3) Employment

BURLINGTON, IA

Total Revenue
$486,600
Total Expenses
$511,475
Total Assets
$1,604,384
Net Assets
$1,444,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IA
Principal Officer
BROCK ITA
Phone
3197526365
Tax Period
2024-01-01 to 2024-12-31

BURLINGTON WEST BURLINGTON AREA DEVELOPMENT FOUNDATION, founded in 2003, is a small nonprofit in the Employment sector that reported $487K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 36 months of operating reserves.

Mission

TO RAISE REVENUE, HELP DEVELOP THE IMAGE OF DES MOINES COUNTY, AND TO PROMOTE THE DEVELOPMENT OF THE COMMUNITY ON BEHALF OF ITS CITIZENS AND RESIDENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,435
Program Service Revenue $0
Investment Income $1,165
Other Revenue $0
TOTAL REVENUE $486,600

Expense Breakdown

Grants Paid $297,950
Salaries & Benefits $0
Fundraising Expenses $5,552
Program Expenses $494,122
Other Expenses $213,525
TOTAL EXPENSES $511,475

Year-over-Year Comparison

2024 2023 Change
Revenue $486,600 $1,562,938 -0.7%
Expenses $511,475 $608,800 -0.2%
Net Income $-24,875 $954,138 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
11

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$240,319
Total Directors
15
$240,319
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROCK ITA CHAIR 1.00
Officer Director
$0 $0 $0
STEPHANIE KOZLOWSKI LEFT 2024 CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL MCCOY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
MATT SHINN LEFT 2024 VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMY O'BRIEN SECRETARY 1.00
Officer Director
$0 $257 $51,465
DELLA SCHMIDT LEFT 2024 SECRETARY 1.00
Officer Director
$0 $4,627 $78,086
CRYSTAL JOLIN TREASURER 1.00
Officer Director
$0 $3,984 $84,676
MARY BETH SANCHEZ LEFT 2024 TREASURER 1.00
Officer Director
$0 $1,863 $26,092
MARTY BOWEN DIRECTOR 1.00
Director
$0 $0 $0
JON HART DIRECTOR 1.00
Director
$0 $0 $0
GARY HOYER DIRECTOR 1.00
Director
$0 $0 $0
TIM LUNDGREN DIRECTOR 1.00
Director
$0 $0 $0
JOHN MERCER DIRECTOR 1.00
Director
$0 $0 $0
JERRY SHERWOOD DIRECTOR 1.00
Director
$0 $0 $0
JON LIEN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $486,600 $511,475 $1,604,384 $-24,875
2023 $1,562,938 $608,800 $1,700,312 $954,138
2022 $124,802 $612,636 $520,051 $-487,834
2021 $288,790 $380,137 $1,012,885 $-91,347
2020 $62,288 $354,098 $1,097,616 $-291,810
2019 $1,231,161 $216,954 $1,386,153 $1,014,207
2018 $404,584 $466,158 $435,987 $-61,574
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