DES MOINES WATER WORKS PARK FOUNDA… - 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

2014

Legal Domicile

Principal Officer

MATT VAN LOON

Phone

5152407993

Tax Period

2023-01-01 to 2023-12-31

DES MOINES WATER WORKS PARK FOUNDATION, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $460K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $590K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE DES MOINES WATER WORKS PARK FOUNDATION IS DEDICATED TO DEVELOPING AND EXECUTING THE MASTER PLAN CREATED FOR WATER WORKS PARK. THE PLAN TURNS THE PARK INTO A NATIONAL MODEL INCORPORATING RECREATION, EDUCATION AND CONSERVATION WITHIN THE PRODUCTION OF CLEAN WATER.

Program Service Accomplishments

Program 1

Expenses: $73,888 Revenue: $419,720

ORGANIZING, PROMOTING, AND HOSTING OF SPECIAL EVENTS AT WATER WORKS PARK TO GENERATE FUNDING FOR THE ONGOING MAINTENANCE OF THE PARK AND TO FUNDRAISE FOR FUTURE PROJECTS.

Program 2

Expenses: $80,170

THE BOARD ESTABLISHED POLICIES AND PROCEDURES, COMMITTEE STRUCTURE, GOALS AND OBJECTIVES, PUBLIC AWARENESS, PROJECT PHASING, ESTABLISHED RELATIONSHIPS WITH USER GROUPS AND RELATED ENTITIES...

THE BOARD ESTABLISHED POLICIES AND PROCEDURES, COMMITTEE STRUCTURE, GOALS AND OBJECTIVES, PUBLIC AWARENESS, PROJECT PHASING, ESTABLISHED RELATIONSHIPS WITH USER GROUPS AND RELATED ENTITIES, ESTABLISHED 501 (C)3 STATUS, DEVELOPED SUPPORT MATERIALS, AND GENERAL ACTIVITIES TO SUPPORT MISSION OF ORGANIZATION.

Program 3

Expenses: $176,023

PREDEVELOPMENT AND CAPITAL COSTS FOR ADDITIONAL DEVELOPMENT OF WATER WORKS PARK.

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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 $29,374

Program Service Revenue $419,720

Investment Income $11,253

Other Revenue $0

TOTAL REVENUE $460,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $590,051

Other Expenses $590,051

TOTAL EXPENSES $590,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,347	$254,998	+0.8%
Expenses	$590,051	$304,646	+0.9%
Net Income	$-129,704	$-49,648	+1.6%

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
AMY JENNINGS	BOARD MEMBER	1.92	Director	$0	$0	$0
ANDREA BOULTON	BOARD MEMBER	2.12	Director	$0	$0	$0
ASHLEY AUST	SECRETARY	1.83	Officer Director	$0	$0	$0
CRYSTAL FRANKE	VICE PRESIDENT	1.73	Officer Director	$0	$0	$0
DREW MANATT	MEMBER	1.73	Director	$0	$0	$0
JASON STONE	PRESIDENT	2.69	Officer Director	$0	$0	$0
JEN CROSS	BOARD MEMBER	1.44	Director	$0	$0	$0
MATT VAN LOON	MEMBER	1.96	Director	$0	$0	$0
RAUL CUNARRO	MEMBER	0.96	Director	$0	$0	$0
COREY MORRISON	MEMBER	2.12	Director	$0	$0	$0
JENNY HERRERA	MEMBER	2.12	Director	$0	$0	$0
CHRIS LIGHTFOOT	MEMBER	2.12	Director	$0	$0	$0
TAYLOR BOLAND	MEMBER	2.40	Director	$0	$0	$0
ARDIS KELLEY	TREASURER	2.92	Officer Director	$0	$0	$0
PAT BRUNNER	MEMBER	1.15	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	$460,347	$590,051	$740,172	$-129,704
2022	$254,998	$304,646	$867,351	$-49,648
2021	$338,708	$1,472,467	$1,156,984	$-1,133,759
2020	$331,488	$2,142,547	$1,393,895	$-1,811,059
2019	$1,806,591	$5,143,977	$3,687,872	$-3,337,386
2018	$1,242,488	$3,662,844	$5,529,164	$-2,420,356

DES MOINES WATER WORKS PARK FOUNDATION