INGERSOLL GRAND SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT

EIN: 810941586 Community Improvement

DES MOINES, IA

Total Revenue
$354,444
Total Expenses
$359,491
Total Assets
$154,631
Net Assets
$154,089
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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
2013
Legal Domicile
IA
Principal Officer
RANDY REICHARDT
Phone
5154950357
Tax Period
2024-07-01 to 2025-06-30

INGERSOLL GRAND SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $354K in total revenue in fiscal year 2024.

Mission

To champion The Avenues to Greater Des Moines and beyond - We create and sustain a clean, safe, beautiful and healthy environment within The Avenues district. We advance this authentic cultural district built on civility, history, inclusion and access. We serve as a model for urban planning.

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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 (2024)

Revenue Breakdown

Contributions & Grants $351,854
Program Service Revenue $0
Investment Income $2,344
Other Revenue $246
TOTAL REVENUE $354,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,998
Fundraising Expenses $4,512
Other Expenses $271,493
TOTAL EXPENSES $359,491

Year-over-Year Comparison

2024 2023 Change
Revenue $354,444 $345,061 +0.0%
Expenses $359,491 $351,256 +0.0%
Net Income $-5,047 $-6,195 -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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
91

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
5
$76,987
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN KOLLAUF Executive Dir. 40.00
Officer
$74,602 $2,385 $76,987
CLINTON AKERBERG Vice President 1.00
Officer Director
$0 $0 $0
RANDY REICHARDT President 1.00
Officer Director
$0 $0 $0
MIKE HUTCHISON Treasurer 1.00
Officer Director
$0 $0 $0
RACHEL SIVI Secretary 1.00
Officer Director
$0 $0 $0
DAVID HAAS MEMBER 1.00
Director
$0 $0 $0
RICHARD HURD MEMBER 1.00
Director
$0 $0 $0
STEVE PURCELL MEMBER 1.00
Director
$0 $0 $0
SUSAN FITZSIMMONS MEMBER 1.00
Director
$0 $0 $0
KATHY FEHRMAN MEMBER 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
2025 $354,444 $359,491 $154,631 $-5,047
2024 $345,061 $351,256 $160,913 $-6,195
2023 $336,152 $292,115 $165,331 $44,037
2022 $274,033 $324,339 $121,294 $-50,306
2021 $278,247 $244,885 $171,600 $33,362
2020 $297,409 $268,479 $163,061 $28,930
2019 $296,522 $251,053 $119,809 $45,469
2018 $216,310 $250,988 $74,356 $-34,678
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