FORT DODGE BETTERMENT FOUNDATION (EIN 426069215) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Principal Officer

PHIL GUNDERSON

Phone

5155767136

Tax Period

2024-01-01 to 2024-12-31

FORT DODGE BETTERMENT FOUNDATION, founded in 1945, is a micro nonprofit that reported $20K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 55% operating deficit.

Mission

GENERAL CIVIC BETTERMENT OF FORT DODGE AND NORTHWEST IOWA BY PURCHASE, RECEIPT BY GIFT, HOLD, USE, SELL, OPERATE, LEASE, MORTGAGE AND ACQUISITION OF PROPERTY OF ALL KINDS AND TO IMPROVE THE SAME.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $20,294

TOTAL REVENUE $20,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,364

Other Expenses $31,364

TOTAL EXPENSES $31,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,294	$40,824	-0.5%
Expenses	$31,364	$54,852	-0.4%
Net Income	$-11,070	$-14,028	-0.2%

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

N/A

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
PHIL GUNDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT DUTCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
DEAN BARNETT	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG SCHLIENZ	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS PLAUTZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM KESTERSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LEAH GLASGO	DIRECTOR	1.00	Director	$0	$0	$0
DAVE FLATTERY	DIRECTOR	1.00	Director	$0	$0	$0
KATE STUCKY	DIRECTOR	1.00	Director	$0	$0	$0
GREG BEMRICH	DIRECTOR	1.00	Director	$0	$0	$0
MATT BEMRICH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KERSTEN	DIRECTOR	1.00	Director	$0	$0	$0
DON WOODRUFF	DIRECTOR	1.00	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	$20,294	$31,364	$1,322,614	$-11,070
2023	$40,824	$54,852	$1,333,684	$-14,028
2022	$22,954	$30,576	$1,373,137	$-7,622
2021	$50,084	$35,476	$1,380,759	$14,608
2020	$51,480	$18,616	$1,200,832	$32,864
2019	$35,361	$13,205	$1,157,635	$22,156
2018	$36,221	$15,992	$1,065,498	$20,229

FORT DODGE BETTERMENT FOUNDATION