HAWKEYE DOWNS INC (EIN 420680946) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Phone

3193658656

Tax Period

2024-01-01 to 2024-12-31

HAWKEYE DOWNS INC, founded in 1977, is a small nonprofit that reported $782K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE AND MAINTAIN BUSINESS, ENTERTAINMENT, AND CULTURAL ACTIVITIES TO BENEFIT THE COMMUNITY AND ITS VISITORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,180

Program Service Revenue $593,995

Investment Income $203

Other Revenue $138,385

TOTAL REVENUE $781,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,140

Fundraising Expenses $0

Program Expenses $703,601

Other Expenses $627,969

TOTAL EXPENSES $840,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$781,763	$868,732	-0.1%
Expenses	$840,109	$885,813	-0.1%
Net Income	$-58,346	$-17,081	+2.4%

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

Volunteers

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

$72,481

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER LAWRENCE	Executive Dir.	40.00	Director	$66,113	$6,368	$72,481
JOE DAY	Vice President	2.00	Officer Director	$0	$0	$0
JULIE KRAFT	Secretary	2.00	Officer Director	$0	$0	$0
SCOTT OLSON	Treasurer	2.00	Officer Director	$0	$0	$0
GORDON PARKER	President	2.00	Officer Director	$0	$0	$0
KEVIN KORSMO	Director	2.00	Director	$0	$0	$0
MARK IRONSIDE	Director	2.00	Director	$0	$0	$0
NICOLE SCHROEDER	Director	2.00	Director	$0	$0	$0
WARREN ROPP	Director	2.00	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	$781,763	$840,109	$185,098	$-58,346
2023	$868,732	$885,813	$277,188	$-17,081
2022	$636,898	$900,207	$558,669	$-263,309
2022	$96,379	$168,456	$284,272	$-72,077
2021	$524,575	$693,476	$801,207	$-168,901
2020	$1,833,348	$497,552	$781,034	$1,335,796
2019	$505,459	$612,912	$1,126,739	$-107,453
2018	$483,268	$641,997	$1,225,717	$-158,729

HAWKEYE DOWNS INC