UPPER DES MOINES OPPORTUNITY INC

EIN: 420923424 501(c)(3) Community Improvement

GRAETTINGER, IA

Total Revenue
$17,523,316
Total Expenses
$17,486,312
Total Assets
$7,343,835
Net Assets
$5,531,535
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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
1965
Legal Domicile
IA
Principal Officer
JULIE EDWARDS
Phone
7128593885
Tax Period
2023-10-01 to 2024-09-30

UPPER DES MOINES OPPORTUNITY INC, founded in 1965, is a mid-sized nonprofit in the Community Improvement sector that reported $17.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO ALLEVIATE THE CONDITIONS & CAUSES OF POVERTY & EMPOWER CLIENTS TO BECOME SELF-SUFFICIENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,813,302
Program Service Revenue $470,718
Investment Income $27,642
Other Revenue $211,654
TOTAL REVENUE $17,523,316

Expense Breakdown

Grants Paid $4,990,957
Salaries & Benefits $9,150,814
Fundraising Expenses $0
Program Expenses $16,333,739
Other Expenses $3,344,541
TOTAL EXPENSES $17,486,312

Year-over-Year Comparison

2023 2022 Change
Revenue $17,523,316 $19,087,683 -0.1%
Expenses $17,486,312 $18,553,359 -0.1%
Net Income $37,004 $534,324 -0.9%
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
16
Independent Members
16
Employees
241
Volunteers
1449

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
5
$191,649
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK RASMUSSEN PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM FAIRCHILD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GLENN BOHMER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
LOIS BOERSMA BOARD MEMBER 1.00
Director
$0 $0 $0
KODIE BORCHERS BOARD MEMBER 1.00
Director
$0 $0 $0
NICK CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
RON GRAETTINGER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER HANSEN BOARD MEMBER 1.00
Director
$0 $0 $0
DAN HARTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY KLOBERDANZ BOARD MEMBER 1.00
Director
$0 $0 $0
MARIAH MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AMY OUPHACHACK BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE REIMERS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER SAMMONS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SCOTT BOARD MEMBER (TERMED MAY 2024) 1.00
Director
$0 $0 $0
CLARENCE SIEPKER BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE EDWARDS EXECUTIVE DIRECTOR 40.00
Officer
$102,494 $18,234 $120,728
TYLER HENDERSON FISCAL DIRECTOR 40.00
Officer
$57,915 $13,006 $70,921
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 $17,523,316 $17,486,312 $7,343,835 $37,004
2023 $19,087,683 $18,553,359 $7,054,655 $534,324
2022 $21,540,348 $21,172,235 $5,958,141 $368,113
2021 $17,208,548 $16,630,619 $5,376,639 $577,929
2020 $14,805,724 $14,807,557 $5,849,229 $-1,833
2019 $14,614,478 $14,202,344 $4,649,093 $412,134
2018 $13,343,991 $13,391,739 $4,173,170 $-47,748
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