West Bancorporation Foundation Inc
West Bancorporation Foundation Inc maintains stable assets and zero officer compensation despite fluctuating revenues.
EIN: 200523259 · Wdm, IA · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $258K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is West Bancorporation Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
West Bancorporation Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About West Bancorporation Foundation Inc
West Bancorporation Foundation Inc (EIN: 200523259) is a nonprofit organization based in Wdm, IA, classified under NTEE code T21. The organization reported total revenue of $222K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Bancorporation Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Bancorporation Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $258K |
| Surplus / Deficit | +$15K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 56.9 months |
Financial Health Grade: A
In 2023, West Bancorporation Foundation Inc reported a surplus of $15K with revenue exceeding expenses, holds 56.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), West Bancorporation Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +305.9% | -18.6% | +1.2% |
| 2022 | -88.8% | +17.0% | -17.1% |
| 2021 | +129.7% | +3.5% | +29.0% |
| 2020 | +0.1% | -16.1% | -0.1% |
| 2019 | -35.9% | -1.6% | -29.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates West Bancorporation Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, West Bancorporation Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through an affiliated entity, which is highly efficient for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of West Bancorporation Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, such as the drop from $599,161 in 2021 to $67,339 in 2022, could indicate an unpredictable funding model.
Strengths
The following positive indicators were identified for West Bancorporation Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Very low to zero reported liabilities, demonstrating strong financial management and low risk.
- Stable asset base, consistently over $1 million for most of the past decade, providing financial resilience.
- Predictable expense management despite revenue fluctuations, suggesting effective budgeting.
Frequently Asked Questions about West Bancorporation Foundation Inc
Is West Bancorporation Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, West Bancorporation Foundation Inc (EIN: 200523259) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does West Bancorporation Foundation Inc spend its money?
West Bancorporation Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to West Bancorporation Foundation Inc tax-deductible?
West Bancorporation Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200523259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does West Bancorporation Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), West Bancorporation Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is West Bancorporation Foundation Inc located?
West Bancorporation Foundation Inc is headquartered in Wdm, Iowa and files with the IRS under EIN 200523259. It is classified under NTEE code T21.
How many years of IRS 990 filings does West Bancorporation Foundation Inc have?
West Bancorporation Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $222K in total revenue.
Is West Bancorporation Foundation Inc a good charity?
Based on the available IRS 990 data, West Bancorporation Foundation Inc appears to be a good charity. It consistently reports 0% officer compensation, maintains stable assets, and has very low liabilities, suggesting efficient use of funds and strong financial health.
How does the foundation manage its expenses given revenue fluctuations?
Despite significant revenue fluctuations (e.g., $1,443,055 in 2014 vs. $67,339 in 2022), the foundation has maintained relatively stable annual expenses, typically between $250,000 and $325,000. This suggests effective budgeting and expense control, likely drawing from its consistent asset base when revenue is lower.
What is the trend in the foundation's assets?
The foundation's assets have generally remained robust, fluctuating but staying above $1 million for most of the past decade, reaching $1,224,180 in 2023. This indicates a healthy endowment or investment strategy supporting its operations.
Filing History
IRS 990 filing history for West Bancorporation Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), West Bancorporation Foundation Inc's revenue has declined by 33.4%, moving from $411K to $273K. Total assets increased by 19.1% over the same period, from $1.0M to $1.2M. Total functional expenses rose by 11.3%, from $232K to $258K. In its most recent filing year (2023), West Bancorporation Foundation Inc reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $258K | $1.2M | $1 | — | — |
| 2022 | $67K | $317K | $1.2M | $1 | — | View 990 |
| 2021 | $599K | $271K | $1.5M | $1 | — | — |
| 2020 | $261K | $262K | $1.1M | $1 | — | — |
| 2019 | $261K | $312K | $1.1M | $0 | — | View 990 |
| 2015 | $407K | $317K | $1.6M | $0 | — | View 990 |
| 2014 | $1.4M | $282K | $2.7M | $0 | — | View 990 |
| 2013 | $631K | $301K | $1.5M | $0 | — | View 990 |
| 2012 | $460K | $324K | $1.2M | $0 | — | View 990 |
| 2011 | $411K | $232K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $258K, and assets of $1.2M (revenue +305.9% year-over-year).
- 2022: Revenue of $67K, expenses of $317K, and assets of $1.2M (revenue -88.8% year-over-year).
- 2021: Revenue of $599K, expenses of $271K, and assets of $1.5M (revenue +129.7% year-over-year).
- 2020: Revenue of $261K, expenses of $262K, and assets of $1.1M (revenue +0.1% year-over-year).
- 2019: Revenue of $261K, expenses of $312K, and assets of $1.1M (revenue -35.9% year-over-year).
- 2015: Revenue of $407K, expenses of $317K, and assets of $1.6M (revenue -71.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $282K, and assets of $2.7M (revenue +128.6% year-over-year).
- 2013: Revenue of $631K, expenses of $301K, and assets of $1.5M (revenue +37.2% year-over-year).
- 2012: Revenue of $460K, expenses of $324K, and assets of $1.2M (revenue +12.0% year-over-year).
- 2011: Revenue of $411K, expenses of $232K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Bancorporation Foundation Inc:
Data Sources and Methodology
This transparency report for West Bancorporation Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.