DES MOINES PARKS & RECREATION FOUN… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

ANDREW MCCOY

Phone

5154909777

Tax Period

2023-01-01 to 2023-12-31

DES MOINES PARKS & RECREATION FOUNDATION, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 365% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 93% operating margin.

Mission

TO PRESERVE, PROTECT, IMPROVE AND PROMOTE THE USE OF DES MOINES PARKS, GREENWAYS AND RECREATIONAL PROGRAMS FOR THE BENEFIT OF ALL NEIGHBORHOODS AND CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $263,368

DES MOINES PARK & RECREATION ACCOMPLISHED MANY PROJECTS FOR THE BENEFIT OF THE CITIZENS AT GREATER DES MOINES AREA. AMONG THESE PROJECTS, THE MAIN FOCUS IS TO BUILD FACILITIES IN DIFFERENT PARKS AT DES MOINES AREA, ON AN ANNUAL BASIS, CITY OF DES MOINES AND POLK COUNTY PROVIDE GRANTS FOR VARIOUS PROJECTS THAT HAVE A DIRECT IMPACT ON IMPROVING DIFFERENT PARKS' FACILITIES. FOR EXAMPLE, DES MOINES PARK & RECREATION PUT ITS EFFORT TO BULID FOUNTAINS AND BENCHES AT GRAY'S LAKE, BUILD TRAILS AT GRANDVIEW TRAIL AND OFFERING SWIMMING LESSONS TO THE PUBLIC.

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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 $3,913,127

Program Service Revenue $0

Investment Income $91,625

Other Revenue $50,505

TOTAL REVENUE $4,055,257

Expense Breakdown

Grants Paid $212,708

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,368

Other Expenses $59,600

TOTAL EXPENSES $272,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,055,257	$872,247	+3.6%
Expenses	$272,308	$474,031	-0.4%
Net Income	$3,782,949	$398,216	+8.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY MCCOY	PRESIDENT	3.00	Officer Director	$0	$0	$0
DYLAN LAMPE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMI WINGERT	TREASURER	7.00	Officer Director	$0	$0	$0
ALLISON HAY	SECRETARY	2.00	Officer Director	$0	$0	$0
AMAL BARRE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA BOULTON	DIRECTOR	2.00	Director	$0	$0	$0
NATE HAGGARD	DIRECTOR	2.00	Director	$0	$0	$0
ADAM IBRAHIM	DIRECTOR	2.00	Director	$0	$0	$0
LAURA JASS	DIRECTOR	2.00	Director	$0	$0	$0
RYAN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
ERIN MUIR	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT NEVITT	DIRECTOR	2.00	Director	$0	$0	$0
DIAN NOSTIKASARI	DIRECTOR	2.00	Director	$0	$0	$0
BETH PARGULSKI	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SCHMIDT	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	No data	No data	No data	No data
2023	$4,055,257	$272,308	$4,948,532	$3,782,949
2022	$872,247	$474,031	$1,165,583	$398,216
2021	$610,858	$378,618	$767,367	$232,240
2021	$610,858	$378,618	$767,367	$232,240
2020	$409,521	$309,283	$535,127	$100,238
2019	$497,945	$1,194,007	$434,889	$-696,062
2018	$283,684	$134,483	$1,130,951	$149,201

DES MOINES PARKS & RECREATION FOUNDATION