Schmitt Island Development Corporation
Nonprofit profile at a glance
- EIN
- 920629253
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025
- Location
- Dubuque, IA, USA
- Phone
- 5635852971
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $1,329,120
- Expenses
- $1,423,547
- Assets
- $733,204
- Liabilities
- $329,716
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- SARA HANTEN (PRESIDENT/CHAIR)
People named in this filing
- KATHY BUHR (TREASURER)
- SARA HANTEN (PRESIDENT/CHAIR)
- BRIAN KUHLE (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. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Managing the ice arena and schmitt island assets benefits the community by providing consistent and expanded recreational opportunities for the community. In addition, this organization lessens the burden of the government's time and resources to manage the facilities and its programs.
What it reported doing in 2025
The organization and contracted entities or individuals manage the ice arena located on chaplain schmitt island in dubuque, Iowa. This activity is funded through management fees paid by the city, contributions from the general public, and program service fees. Ninety-nine percent of the organizations time is allocated to this activity. Ninety-five percent of overall expenses are initially allocated to this activity. Management of these facilities benefits the community by providing consistent and expanded recreational opportunities for the community and by lessening the burden of government. The city of dubuque would otherwise spend significant time and resources to manage the facilities and its programs.other activities will be conducted in the same fashion as above as additional assets and venues are developed on schmitt island. Such activities, assets, and/or venues may include a water sports facility, trails, and rv park.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.7%; rating input score 93
- 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; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.1%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 31.3% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.