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 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

UPPER DES MOINES OPPORTUNITY, INC. IS DEDICATED TO HELPING BUILD STRONGER COMMUNITIES BY ADDRESSING THE EFFECTS OF POVERTY ON INDIVIDUALS AND FAMILIES.UPPER DES MOINES OPPORTUNITY, INC. WILL STRENGTHEN COMMUNITIES THROUGH: THE PROMOTION OF PROGRESSIVE LEADERSHIP AND A POSITIVE ENVIRONMENT, ACHIEVE GOALS AND BREAK DOWN BARRIERS; THE BUILDING OF PARTNERSHIPS TO MAXIMIZE COMMUNITY RESOURCES; THE BRIDGING OF COMMUNICATION BETWEEN CLIENTS, PARTNERS, AND STAFF; THE CREATION OF AN ENVIRONMENT IN WHICH DIVERSITY IN ALL ITS FORMS IS VALUED AND ENCOURAGED; FISCAL EXCELLENCE AND RESPONSIBILITY ARE VALUED AND MAINTAINED; AND DIVERSIFIED RESOURCES ARE DEVELOPED TO MEET COMMUNITY NEEDS. THROUGH THESE ACTIONS, UPPER DES MOINES OPPORTUNITY, INC. WILL CONTINUE TO EVOLVE AND GROW IN ORDER TO SERVE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $6,990,577 Revenue: $15,508

CHILD EDUCATION - THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES GEARED TOWARD THE CARE AND EDUCATION OF YOUNG CHILDREN. PARENTS MAY ALSO BE ASSISTED THROUGH THESE INITIATIVES.HEAD...

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CHILD EDUCATION - THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES GEARED TOWARD THE CARE AND EDUCATION OF YOUNG CHILDREN. PARENTS MAY ALSO BE ASSISTED THROUGH THESE INITIATIVES.HEAD START/EARLY HEAD START/CHILD DEVELOPMENT CENTERS - UPPER DES MOINES OPPORTUNITY (UDMO) HEAD START AND EARLY HEAD START PROGRAMS AND CHILD DEVELOPMENT CENTERS ARE FUNDED FOR 289 CHILDREN IN HEAD START, EARLY HEAD START IS FUNDED FOR 183 CHILDREN AND CHILD DEVELOPMENT CENTERS ARE FUNDED FOR 32 CHILDREN. ALL PROGRAMS MAINTAINED FULL ENROLLMENT THROUGHOUT THE PROGRAM YEAR. HEAD START SERVES MANY MORE CHILDREN IN PARTNERSHIPS WITH SCHOOL DISTRICTS IN ITS EIGHT-COUNTY SERVICE AREA. UPPER DES MOINES OPPORTUNITY'S HEAD START PROGRAMS ARE AVAILABLE IN BUENA VISTA, CLAY, DICKINSON, EMMET, O'BRIEN, OSCEOLA, PALO ALTO, AND POCAHONTAS. EARLY HEAD START IS AVAILABLE IN THE COUNTIES OF BUENA VISTA, CLAY AND EMMET.DURING THE YEAR A CUMULATIVE TOTAL OF 327 CHILDREN WERE SERVED BY HEAD START, 29% LIVED IN FAMILIES WITH INCOMES BELOW 100% OF POVERTY, 7% LIVED IN FAMILIES BETWEEN 100% AND 130% OF POVERTY, 4% LIVED IN FAMILIES ABOVE 130% OF POVERTY, 36% RECEIVED PUBLIC ASSISTANCE, AND 2% WERE IN FOSTER CARE AND 22% (73) WERE HOMELESS. DURING THE YEAR A CUMULATIVE TOTAL OF 237 CHILDREN WERE SERVED BY EARLY HEAD START, 27% LIVED IN FAMILIES WITH INCOMES BELOW 100% OF POVERTY AND 4% LIVED IN FAMILIES WITH INCOMES BETWEEN 100% AND 130% OF POVERTY, 0% LIVED IN FAMILIES ABOVE 130% OF POVERTY, 43% RECEIVED PUBLIC ASSISTANCE, 2% WERE IN FOSTER CARE AND 24% (57) WERE HOMELESS. HEAD START AND EARLY HEAD START SERVED A COMBINED TOTAL OF 11.02% OF CHILDREN WITH DISABILITIES.

Program 2
Expenses: $5,405,764 Revenue: $96,793

WEATHERIZATION/ENERGY ASSISTANCE -THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES DESIGNED TO ALLEVIATE THE ENERGY BURDEN OF ELIGIBLE HOUSEHOLDS. TWO MAJOR PROGRAMS INCLUDED ARE...

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WEATHERIZATION/ENERGY ASSISTANCE -THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES DESIGNED TO ALLEVIATE THE ENERGY BURDEN OF ELIGIBLE HOUSEHOLDS. TWO MAJOR PROGRAMS INCLUDED ARE WEATHERIZATION AND LIHEAP.WEATHERIZATION - THE WEATHERIZATION ASSISTANCE PROGRAM IS A LOW-INCOME ENERGY EFFICIENT PROGRAM. ITS PURPOSE IS TO MAKE THE HOMES OF LOW-INCOME CLIENTS MORE ENERGY EFFICIENT, THEREBY REDUCING CLIENTS' FUEL BILLS AND INCREASING THEIR COMFORT. THE PROGRAM ALSO PROVIDES IMPORTANT HEALTH AND SAFETY SERVICES TO THE CLIENTS IT SERVES.DURING THE 2024 FISCAL YEAR, A TOTAL OF $1,352,789.25 WAS EXPENDED TO WEATHERIZE 107 HOMES IN UDMO'S 12-COUNTY SERVICE AREA. THE AVERAGE PER HOME WAS APPROXIMATELY $12,642.89.LIHEAP - THE LOW INCOME HOME ENERGY ASSISTANCE PROGRAM WAS ESTABLISHED TO HELP LOW-INCOME IOWA HOMEOWNERS AND RENTERS PAY FOR A PORTION OF THEIR PRIMARY HEATING COSTS FOR THE WINTER HEATING SEASON, TO ENCOURAGE REGULAR UTILITY PAYMENTS, TO PROMOTE ENERGY AWARENESS AND TO ENCOURAGE REDUCTION OF ENERGY USAGE THROUGH ENERGY EFFICIENCY AND CLIENT EDUCATION. THE ASSISTANCE IS BASED ON HOUSEHOLD INCOME, HOUSEHOLD SIZE, TYPE OF FUEL AND TYPE OF HOUSING. APPLICATIONS FOR ASSISTANCE ARE TAKEN FROM OCTOBER 1 THROUGH APRIL 30 AT EACH OF UDMO'S COUNTY OUTREACH CENTERS. DURING FISCAL YEAR 2024, UDMO PROVIDED LIHEAP ASSISTANCE TO 4,912 UNDUPLICATED HOUSEHOLDS IN UDMO'S 12-COUNTY SERVICE AREA FOR A TOTAL SPENT OF $2,284,727.83, IN ADDITION CRISIS ASSISTANCE WAS PROVIDED TO 738 HOUSEHOLDS FOR A TOTAL SPENT OF $353,311.15.

Program 3
Expenses: $1,135,571 Revenue: $0

OUTREACH - THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES WHICH PROVIDE GENERAL RELIEF AND ASSISTANCE TO CITIZENS EXPERIENCING POVERTY OR HARDSHIP WITHIN UDMO'S SERVICE AREA. THESE...

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OUTREACH - THIS CATEGORY INCLUDES A VARIETY OF PROGRAMS AND SERVICES WHICH PROVIDE GENERAL RELIEF AND ASSISTANCE TO CITIZENS EXPERIENCING POVERTY OR HARDSHIP WITHIN UDMO'S SERVICE AREA. THESE PROGRAMS INCLUDE: MISCELLANEOUS UTILITY ASSISTANCE OUTSIDE OF ENERGY PROGRAMS, SENIOR CITIZEN ASSISTANCE, COMMUNITY POOL PASSES, BACK TO SCHOOL ASSISTANCE, BIRTHDAY ROOM FOR CHILDREN AND ADOPT A FAMILY.

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Trantor Score

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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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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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