DOWNTOWN DES MOINES SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT (EIN 861058466) - 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

2002

Legal Domicile

Principal Officer

AMANDA BRIGGS

Phone

5152864950

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN DES MOINES SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

SUPPORTS THE REDEVELOPMENT AND REVITALIZATION OF THE DOWNTOWN DISTRICT BY PROVIDING CLEANING, SAFETY, AND BEAUTIFICATION SERVICES.

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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 $2,743,382

Investment Income $47,877

Other Revenue $0

TOTAL REVENUE $2,791,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,530,257

Other Expenses $3,204,108

TOTAL EXPENSES $3,204,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,791,259	$3,221,470	-0.1%
Expenses	$3,204,108	$3,239,459	0.0%
Net Income	$-412,849	$-17,989	+22.0%

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
HOLLY ERNST	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FARLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ALDRICH	DIRECTOR	1.00	Director	$0	$0	$0
JON KURTH	DIRECTOR	1.00	Director	$0	$0	$0
JOE BAUGHMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA COATE	DIRECTOR	1.00	Director	$0	$0	$0
JENNELE SWALLA	DIRECTOR	1.00	Director	$0	$0	$0
JIM GRANT	DIRECTOR	1.00	Director	$0	$0	$0
AMY REIMERS	DIRECTOR	1.00	Director	$0	$0	$0
CHAD RASMUSSEN	DIRECTOR	1.00	Director	$0	$0	$0
NATE EASTER	DIRECTOR	1.00	Director	$0	$0	$0
JESSE BUNNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHWECHEL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KAIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT COOLEY	DIRECTOR	1.00	Director	$0	$0	$0
TJ JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN BURGESON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY MINEAR	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KARR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TERHARK	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN WILKE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY MOFFITT	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
IGOR DOBROSAVLJEVIC	DIRECTOR	1.00	Director	$0	$0	$0
KIM HAGEDORN	TREASURER	1.00	Officer	$0	$0	$0
CHERYL MOORE	SECRETARY	1.00	Officer	$0	$0	$0
ANGIE PFANNKUCH	CO-CHAIR	1.00	Officer	$0	$0	$0
JEFF HATFIELD	VICE CHAIR	1.00	Officer	$0	$0	$0
CHRIS DELLA VEDOVA	CO-CHAIR	1.00	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	$2,791,259	$3,204,108	$3,134,445	$-412,849
2024	No data	No data	No data	No data
2023	$3,290,652	$3,521,320	$3,694,788	$-230,668
2022	$3,009,507	$2,712,308	$3,674,454	$297,199
2021	$3,090,620	$2,621,802	$3,227,975	$468,818

DOWNTOWN DES MOINES SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT