DES MOINES HERITAGE CENTER (EIN 842656275) - 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

2019

Legal Domicile

Phone

5152102396

Tax Period

2025-01-01 to 2025-12-31

DES MOINES HERITAGE CENTER, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $468K in total revenue in fiscal year 2025. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $522K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE DES MOINES HERITAGE CENTER SUPPORTS THE DES MOINES HERITAGE TRUST, A 501(C)(3) ORGANIZATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $40,239

Program Service Revenue $423,527

Investment Income $3,738

Other Revenue $0

TOTAL REVENUE $467,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $519,429

Other Expenses $522,224

TOTAL EXPENSES $522,224

Year-over-Year Comparison

	2025	2024	Change
Revenue	$467,504	$305,234	+0.5%
Expenses	$522,224	$373,936	+0.4%
Net Income	$-54,720	$-68,702	-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
TIM WADDELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
AL TOKHEIM	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH BUCK	DIRECTOR	5.00	Director	$0	$0	$0
DEREK LORD	VP	1.00	Officer 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	$467,504	$522,224	$3,553,112	$-54,720
2024	$305,234	$373,936	$3,679,717	$-68,702
2023	$446,610	$371,725	$3,828,228	$74,885
2022	$796,386	$267,634	$3,817,704	$528,752
2021	$725,945	$257,412	$3,821,776	$468,533
2020	$1,400,531	$30,184	$3,568,514	$1,370,347
2019	$250,763	$46,349	$2,184,414	$204,414

DES MOINES HERITAGE CENTER