ANKENY FRIENDS OF THE ARTS

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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

1995

Legal Domicile

Principal Officer

Hilary E Kodatt

Phone

5159650940

Tax Period

2024-01-01 to 2024-12-31

ANKENY FRIENDS OF THE ARTS, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $325K in total revenue in fiscal year 2024.

Mission

Promotion of artistic activities in the community

Program Service Accomplishments

Program 1

Expenses: $83,099 Revenue: $242,906

Organize, promote and conduct art classes and workshops. Maintain community art gallery featuring Iowa artists. Approximately 8,000 persons served.

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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 $118,192

Program Service Revenue $124,714

Investment Income $15,279

Other Revenue $66,497

TOTAL REVENUE $324,682

Expense Breakdown

Grants Paid $4,738

Salaries & Benefits $141,557

Fundraising Expenses $29,689

Program Expenses $83,099

Other Expenses $190,245

TOTAL EXPENSES $336,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,682	$304,062	+0.1%
Expenses	$336,540	$312,237	+0.1%
Net Income	$-11,858	$-8,175	+0.5%

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

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

$51,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hilary E Kodatt	Executive Director	40	Director Highest	$51,846	$0	$51,846
Victoria Mock	Director	2	Director	$0	$0	$0
Jennifer Joaning	Director	2	Director	$0	$0	$0
Bill Konath	Director	2	Director	$0	$0	$0
Larry Overton	Director	2	Director	$0	$0	$0
Macy Vollmer	Director	2	Director	$0	$0	$0
Bill Catrenich	Director	2	Director	$0	$0	$0
Jennifer Bowersox	Secretary	2	Director	$0	$0	$0
Ryan Harkema	Direcotr	2	Director	$0	$0	$0
Crystal Edwards	President	2	Officer	$0	$0	$0
Bobbi Bentz	Vice President	2	Officer	$0	$0	$0
Don Zuck	Treasurer	2	Officer	$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	$324,682	$336,540	$263,779	$-11,858
2023	$304,062	$312,237	$274,189	$-8,175
2022	$269,776	$343,700	$270,766	$-73,924
2021	$458,487	$268,677	$352,505	$189,810