DMACC FOUNDATION

EIN: 237229486 501(c)(3) Education

ANKENY, IA

Total Revenue
$9,357,187
Total Expenses
$4,763,278
Total Assets
$29,120,657
Net Assets
$27,853,575
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IA
Principal Officer
KIM BUTLER-HEGEDUS
Phone
5159646483
Tax Period
2024-07-01 to 2025-06-30

DMACC FOUNDATION, founded in 1972, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 49% operating margin.

Mission

RECEIVE DONATIONS FOR DMACC.

Program Service Accomplishments

Program 1
Expenses: $2,256,676

PROVIDE GRANTS, SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF DES MOINES AREA COMMUNITY COLLEGE.

Program 2
Expenses: $2,477,756

PROVIDE GRANTS AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE.

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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 $4,136,886
Program Service Revenue $0
Investment Income $5,220,301
Other Revenue $0
TOTAL REVENUE $9,357,187

Expense Breakdown

Grants Paid $4,734,432
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,734,432
Other Expenses $28,846
TOTAL EXPENSES $4,763,278

Year-over-Year Comparison

2024 2023 Change
Revenue $9,357,187 $5,455,166 +0.7%
Expenses $4,763,278 $4,335,607 +0.1%
Net Income $4,593,909 $1,119,559 +3.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
439

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
6
$160,930
Total Directors
27
$160,930
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF LAMBERTI PRESIDENT 1.00
Officer Director
$0 $0 $0
NATALIE BACHMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TAUFEEK SHAH SECRETARY 1.00
Officer Director
$0 $0 $0
KIM BUTLER-HEGEDUS TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT BENNETT PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTI CHRISTENSEN MEMBER 1.00
Director
$0 $0 $0
BECKY BANZHAF MEMBER 1.00
Director
$0 $0 $0
BECKY GIBSON MEMBER 1.00
Director
$0 $0 $0
CHRIS COSTA MEMBER 1.00
Director
$0 $0 $0
DOUG BURNS MEMBER 1.00
Director
$0 $0 $0
KEITH KRELL MEMBER 1.00
Director
$0 $0 $0
MARK MENADUE MEMBER 1.00
Director
$0 $0 $0
MARK RASMUSSEN MEMBER 1.00
Director
$0 $0 $0
MARTHA LEBRON-DYKEMAN MEMBER 1.00
Director
$0 $0 $0
KASHAAN MERCHANT MEMBER 1.00
Director
$0 $0 $0
PATTY SCALLON MEMBER 1.00
Director
$0 $0 $0
ROGER HARGENS MEMBER 1.00
Director
$0 $0 $0
TANNER KINZLER MEMBER 1.00
Director
$0 $0 $0
ABBY HOWIE MEMBER 1.00
Director
$0 $0 $0
STEVE VAN OORT MEMBER 1.00
Director
$0 $0 $0
MARY CHAPMAN MEMBER 1.00
Director
$0 $0 $0
TRAVIS LAUTNER MEMBER 1.00
Director
$0 $0 $0
ASHLEE VIEREGGER MEMBER 1.00
Director
$0 $0 $0
TODD WISHMAN MEMBER 1.00
Director
$0 $0 $0
ASHLEY ARELLANO MEMBER 1.00
Director
$0 $0 $0
CHRIS VERNON MEMBER 1.00
Director
$0 $0 $0
TARA CONNOLLY EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $27,893 $160,930
BRECK HUNT ASSOCIATE DIRECTOR 40.00
Highest
$0 $21,085 $131,937
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
2025 $9,357,187 $4,763,278 $29,120,657 $4,593,909
2024 $5,455,166 $4,335,607 $27,132,996 $1,119,559
2023 $4,758,849 $4,155,776 $23,985,027 $603,073
2022 $4,357,178 $2,295,698 $21,577,534 $2,061,480
2021 $3,727,961 $2,777,585 $25,871,910 $950,376
2020 $5,786,802 $3,404,603 $23,940,934 $2,382,199
2019 $4,540,766 $6,211,941 $21,324,254 $-1,671,175
2018 $3,946,830 $1,742,764 $19,089,982 $2,204,066
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