WEST DES MOINES LIBRARY FRIENDS

EIN: 421382428 501(c)(3) Education

WEST DES MOINES, IA

Total Revenue
$108,684
Total Expenses
$41,174
Total Assets
$1,028,230
Net Assets
$1,028,230
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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
1991
Legal Domicile
IA
Tax Period
2023-07-01 to 2024-06-30

WEST DES MOINES LIBRARY FRIENDS, founded in 1991, is a small nonprofit in the Education sector that reported $109K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 62% operating margin.

Mission

PROVIDE FINANCIAL SUPPORT TO THE WEST DES MOINES LIBRARY

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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 $55,665
Program Service Revenue $0
Investment Income $47,103
Other Revenue $5,916
TOTAL REVENUE $108,684

Expense Breakdown

Grants Paid $30,582
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,014
Other Expenses $10,592
TOTAL EXPENSES $41,174

Year-over-Year Comparison

2023 2022 Change
Revenue $108,684 $88,810 +0.2%
Expenses $41,174 $124,376 -0.7%
Net Income $67,510 $-35,566 -2.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
23

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
4
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN M SUNDE DIRECTOR 1.00
Director
$0 $0 $0
LYNDA OAKLEY DIRECTOR 1.00
Director
$0 $0 $0
MARY FRATIANNI DIRECTOR 1.00
Director
$0 $0 $0
ELLIE WAKEFIELD DIRECTOR 1.00
Director
$0 $0 $0
ANDREW CLAUSEN DIRECTOR 1.00
Director
$0 $0 $0
BRIDGET JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
LAURA MCCALL DIRECTOR 1.00
Director
$0 $0 $0
JIM RASMUSSEN DIRECTOR 1.00
Director
$0 $0 $0
ABBY ROGERS DIRECTOR 1.00
Director
$0 $0 $0
BRANDON DENNER DIRECTOR 1.00
Director
$0 $0 $0
LAURA HASSEBROCK DIRECTOR 1.00
Director
$0 $0 $0
ANGIE ARTHUR DIRECTOR 1.00
Director
$0 $0 $0
DAN WAKEFIELD DIRECTOR 1.00
Director
$0 $0 $0
BRYAN MYERS DIRECTOR 1.00
Director
$0 $0 $0
DEB GUNTLY DIRECTOR 1.00
Director
$0 $0 $0
HEATHER MARTIN DIRECTOR 1.00
Director
$0 $0 $0
ROXANNE NIKKEL DIRECTOR 1.00
Director
$0 $0 $0
CHINMAY BAJIKAR DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HOCHBERGER DIRECTOR 1.00
Director
$0 $0 $0
ANDREA SOLOMON PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT GRIESE TREASURER 1.00
Officer Director
$0 $0 $0
KATHRYN GREENFIELD SECRETARY 1.00
Officer Director
$0 $0 $0
ED ONEILL VICE PRESIDENT 1.00
Officer 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
2025 No data No data No data No data
2024 $108,684 $41,174 $1,028,230 $67,510
2023 $88,810 $124,376 $912,485 $-35,566
2022 $96,639 $29,592 $906,792 $67,047
2021 $122,415 $440,012 $977,617 $-317,597
2020 $83,573 $81,586 $1,153,970 $1,987
2019 $69,661 $30,171 $1,158,516 $39,490
2018 $65,926 $28,720 $1,103,669 $37,206
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