Midwest Partnership Inc
Nonprofit profile at a glance
- EIN
- 421388641
- IRS 990-EZ coverage
- 2016–2025
- Forms available
- Form 990 2018, Form 990-EZ 2025
- Location
- Stuart, IA, USA
- Phone
- 5155231262
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $121,899
- Expenses
- $102,996
- Assets
- $320,939
- Liabilities
- $20,158
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- BRAD HAYES (Vice President)
- MATT WEDEMEYER (President)
- MARTY DOUD (Past President)
People named in this filing
- BRAD HAYES (Vice President)
- RENEE JENSEN (Secretary)
- JOSH CALMER (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Economic development
What it reported doing in 2025
The executive director meets with industrial prospects, commercial prospects, and expansion prospects to further economic development in adair and guthrie counties. The organization is also partnering with the greater des moines partnership to further promote economic development in our two counties.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.3%; rating input score 62
- Program expense ratio: 73.8%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.5%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 3.12; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -9.5% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -5.2% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 62.3% of revenue deployed · 73.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.