GDMCF CHARITABLE TRUST

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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

2005

Legal Domicile

Principal Officer

KRISTINE KNOUS

Phone

5158832626

Tax Period

2023-01-01 to 2023-12-31

GDMCF CHARITABLE TRUST, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.7M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.5M, a strong 97% operating margin.

Mission

SUPPORT THE CHARITABLE ACTIVITIES OF THE COMMUNITY FOUNDATION OF GREATER DES MOINES.

Program Service Accomplishments

Program 1

Expenses: $189,495

FUNDS PAID TO FURTHER THE COMMUNITY FOUNDATION OF GREATER DES MOINES' GRANT MAKING ACTIVITIES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $187,920

Program Service Revenue $0

Investment Income $5,513,735

Other Revenue $0

TOTAL REVENUE $5,701,655

Expense Breakdown

Grants Paid $179,620

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,495

Other Expenses $10,168

TOTAL EXPENSES $189,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,701,655	$9,301,266	-0.4%
Expenses	$189,788	$9,269,088	-1.0%
Net Income	$5,511,867	$32,178	+170.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

$399,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE KNOUS	TRUSTEE	1.00	Director	$0	$74,328	$399,397

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	No data	No data	No data	No data
2023	$5,701,655	$189,788	$180,753	$5,511,867
2022	$9,301,266	$9,269,088	$9,271,734	$32,178
2019	$621,795	$481,466	$5,000	$140,329
2018	$2,536,399	$2,026,771	$9,491	$509,628