Des Moines Water Works Park Foundation
Nonprofit profile at a glance
- EIN
- 464894890
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Des Moines, IA, USA
- Phone
- 5152407993
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $510,751
- Expenses
- $430,314
- Assets
- $628,559
- Liabilities
- $2,096,066
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- CRYSTAL FRANKE (PRESIDENT)
- TYLER STRUB (VICE PRESIDENT)
People named in this filing
- ANDREA BOULTON (BOARD MEMBER)
- ASHLEY AUST (BOARD MEMBER)
- CRYSTAL FRANKE (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 59
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.46; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 3.33; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: -12.3% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -7.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 84.4% of revenue deployed · 100% of spending went to programs
- Governance: 18 of 18 board members independent · 3 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $430K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.