Civic Intelligence

Whiterock Conservancy

990 • Fiscal year 2024 • EIN 27-0110952

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 08, 2025

1436 Highway 141Coon Rapids, IA 50058

(712) 790-8221

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.13x

Higher debt load relative to revenue than 37% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

11th percentile

-22%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$146,005

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

53rd percentile

5.8%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-5.9%

Faster revenue growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,570,269

Up $1,763,253 (+7.7%) from 2022

Net Assets

Up

$24,387,917

Up $1,862,145 (+8.3%) from 2022

Liabilities

Down

$182,352

Down $98,892 (-35%) from 2022

Revenue

Down

$1,363,058

Down $148,701 (-9.8%) from 2022

Expenses

Up

$1,660,874

Up $28,045 (+1.7%) from 2022

Net Income

Down

-$297,816

Down $176,746 (-146%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $9,404,579Liabilities 2012: $93,236Net Assets 2012: $9,311,3432012Assets 2014: $10,680,580Liabilities 2014: $344,679Net Assets 2014: $10,335,9012014Assets 2015: $18,001,727Liabilities 2015: $437,124Net Assets 2015: $17,564,6032015Assets 2016: $18,454,633Liabilities 2016: $398,082Net Assets 2016: $18,056,5512016Assets 2017: $18,633,440Liabilities 2017: $470,171Net Assets 2017: $18,163,2692017Assets 2018: $19,141,604Liabilities 2018: $562,037Net Assets 2018: $18,579,5672018Assets 2019: $19,775,905Liabilities 2019: $376,553Net Assets 2019: $19,399,3522019Assets 2020: $19,919,774Liabilities 2020: $381,628Net Assets 2020: $19,538,1462020Assets 2021: $23,838,581Liabilities 2021: $315,148Net Assets 2021: $23,523,4332021Assets 2022: $22,807,016Liabilities 2022: $281,244Net Assets 2022: $22,525,7722022Assets 2024: $24,570,269Liabilities 2024: $182,352Net Assets 2024: $24,387,9172024

Highlighted filing

2024

Assets$24,570,269
Liabilities$182,352
Net Assets$24,387,917

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2012: $767,8312012Revenue 2014: $1,227,969Expenses 2014: $984,052Net Income 2014: $243,9172014Revenue 2015: $8,432,467Expenses 2015: $1,116,006Net Income 2015: $7,316,4612015Revenue 2016: $1,258,245Expenses 2016: $1,186,844Net Income 2016: $71,4012016Revenue 2017: $1,172,506Expenses 2017: $1,240,782Net Income 2017: -$68,2762017Revenue 2018: $1,886,142Expenses 2018: $1,318,770Net Income 2018: $567,3722018Revenue 2019: $1,809,355Expenses 2019: $1,340,137Net Income 2019: $469,2182019Revenue 2020: $1,190,267Expenses 2020: $1,305,279Net Income 2020: -$115,0122020Revenue 2021: $11,211,658Expenses 2021: $7,273,417Net Income 2021: $3,938,2412021Revenue 2022: $1,511,759Expenses 2022: $1,632,829Net Income 2022: -$121,0702022Revenue 2024: $1,363,058Expenses 2024: $1,660,874Net Income 2024: -$297,8162024

Highlighted filing

2024

Revenue$1,363,058
Expenses$1,660,874
Net Income-$297,816
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.0
Gross Receipts
$1,375,927
Mission and Program Overview

Mission

Whiterock conservancy is a 5,500 acre non-profit land trust that balances sustainable agriculture, natural resource protection and public recreation on the landscape. Whiterock conservancy works for a resilient future by helping land flourish and transforming people's relationship to agriculture and nature. Whiterock conservancy assists and supports the iowa department of natural resources, the leopold center for sustainable agriculture and the iowa natural heritage foundation (the supported organizations) in carrying out their purposes relating to land preservation, land restoration, conservation, sustainable agriculture, education and recreation.

To improve the condition of our conservation land through appropriate land management, demonstrate sustainable farming methods, and provide educational and recreational opportunities for our visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,950,023$15,754,453▼ $195,570
Investments in Publicly Traded Securities$3,641,488$4,165,046▲ $523,558
Investments Other Securities$545,000$1,630,621▲ $1,085,621
Savings and Temporary Cash Investments$860,583$493,520▼ $367,063
Cash and Non-Interest-Bearing Accounts$3,895$292,524▲ $288,629
Prepaid Expenses and Deferred Charges$88,914$46,205▼ $42,709
Pledges and Grants Receivable$40,000--
Inventories for Sale or Use$11,485$7,138▼ $4,347
Accounts Receivable$5,826$6,614▲ $788
Total Assets$23,229,890$24,570,269▲ $1,340,379
Other Assets Total$2,082,676$2,174,148▲ $91,472
Liabilities
Accounts Payable and Accrued Expenses$121,254$100,222▼ $21,032
Other Liabilities$88,505$82,130▼ $6,375
Total Liabilities$209,759$182,352▼ $27,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,336,259$18,192,318▲ $856,059
Net Assets With Donor Restrictions$5,683,872$6,195,599▲ $511,727
Total Net Assets Fund Balance$23,020,131$24,387,917▲ $1,367,786
Total Liabilities and Net Assets / Fund Balance$23,229,890$24,570,269▲ $1,340,379

Asset Categories

AssetBook ValueDepreciationBasis
Land$13,397,868-$13,397,868
Equipment$189,222$698,639$887,861
Buildings$1,341,241$1,138,405$429,836
Other Land Buildings$826,122$1,672,284-
Other Assets Org$456,000--
Other Securities$150,134--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,478,299$10,000▲ $833,975$257,760$6,032,841
2023$4,901,767-▲ $846,498$241,618$5,478,299
2022$5,714,851$127,142▼ $730,592$181,381$4,901,767
2021$2,185,323$3,226,209▲ $414,635$93,994$5,714,851
2020$1,999,799-▲ $291,738$93,793$2,185,323
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sally WorleyDirector--$146,005$146,005
Todd CoffeltSecretaryPT-$132,091$132,091
Kate ComptonExecutive DiFT$113,994$9,240$123,234
Lisa HeinDirector--$102,806$102,806

Board Members and Trustees

NameTitle
Nicholas LudwigPresident
Chris EddyDirector
Elizabeth GarstDirector
Hallie Still-carisDirector
Joe FeldmannDirector
Joe RileyDirector
Nadilia Gomez Left March 2024Director
Robert Riley JrDirector
Sarah GarstDirector
Butch NiebuhrPast Preside
Nate ReagenTreasurer
Andrew HenkenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$266,430
Program Service Revenue
$927,874
Investment Income
$146,640
Other Revenue
$22,114
All Other Contributions
$266,430
Change in Net Assets
$-297,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$989,410
Salaries, Compensation, and Employee Benefits$671,464
Total Fundraising Expense$10,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$287,459$154,484-$441,943
Depreciation Depletion$294,642$7,842$822$303,306
Occupancy$130,342$2,771-$133,113
Insurance$6,567$117,308-$123,875
Current Officers, Directors, Trustees, and Key Employees$61,617$59,483$2,134$123,234
Payroll Taxes$33,498$22,790$199$56,487
Other Employee Benefits$22,421$15,899-$38,320
Fees for Services Other$8,977$26,960-$35,937
All Other Expenses$23,392$11,729$391$35,512
Fees for Services Accounting-$27,775-$27,775
Other Expenses$38,155$24,629$65$24,629
Fees for Service Investment Mgmnt Fees-$23,285-$23,285
Information Technology$2,830$12,682$3,043$18,555
Travel$14,660$648$1,176$16,484
Advertising$225$9,291$2,632$12,148
Pension Plan Contributions$6,825$4,655-$11,480
Office Expenses$1,567$6,652$174$8,393
Fees for Services Legal-$336-$336
Total Functional Expenses$1,115,030$535,208$10,636$1,660,874
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Beneficiary Use of Life Int. of Res.$55,491
Customer Deposits & Gift Card Pay.$25,792
Payroll Taxes & Sales Tax Pay.$847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Elizabeth garst sarah garst director director family relationship robert riley, jr. Joe riley director director family relationship elizabeth garst chris eddy director director business relationship robert riley, jr. Joe riley director director business relationship

Form 990, Page 6, Part VI, Line 7A

Each member of the board of directors shall serve for a three (3) year term, and the terms of the directors shall be staggered so that at least two (2) directors are selected each year. Each successor director shall be designated by the existing directors subject to the right of the supported organzations to veto any designee. In addition, the supported organizations shall have the right to remove any director and the remaining directors shall then submit a designee to fill the vacant directorship. Directors need not be members or employees of the supported organizations.

Form 990, Page 6, Part VI, Line 7B

As noted in the response to part vi line 7a, the supported organizations of whiterock conservancy have the right to veto any successor designee. In addition, the supported organizations have the right to remove any director from the board.

Form 990, Page 6, Part VI, Line 11B

All aspects of the return were carefully reviewed by the finance committee. All proposed changes were incorporated in the return. All board members were provided a draft of the 990 return. Board members were given the opportunity to examine the entire return before filing.

Form 990, Page 6, Part VI, Line 12C

The board performs a review of the policy and the policy adherence at their annual meeting each march. The executive director also reviews each board member's signed "annual statement regarding conflict of interest policy and disclosure". In addition, board members are supplied with detail transaction histories of account activity at board meetings to facilitate ongoing review.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is set by the board of directors by consideration of compensation levels at other state-wide conservation non-profit organizations and state agencies. The organization maintained contemporaneous substantiation of the deliberation and decision through their record of board of directors minutes. The organization has no other paid officer positions besides the executive director.

Form 990, Page 6, Part VI, Line 19

The organizations organizing documents and conflict of interest policy are made available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Whiterock Conservancy
EIN
27-0110952
Phone
7127908221
Address
1436 HIGHWAY 141, COON RAPIDS, IA 50058

Signing Officer

Name
Nicholas Ludwig
Title
President
Phone
7127908221
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Ludwig
Formed
2004
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
11
Employees
20
Volunteers
82

Preparer

Firm
Mhcs Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Alexandra Kafer CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Whiterock conservancy is a 5,500 acre non-profit land trust that balances sustainable agriculture, natural resource protection and public recreation on the landscape. Whiterock conservancy works for a resilient future by helping land flourish and transforming people's relationship to agriculture and nature. Whiterock conservancy assists and supports the iowa department of natural resources, practical farmers of iowa and the iowa natural heritage foundation (the supported organizations) in carrying out their purposes relating to land preservation, land restoration, conservation, sustainable agriculture, education and recreation.

Form 990, Page 2, Part III, Line 4B

Outdoor recreation and environmental education: a goal of whiterock conservancy is to provide the public with opportunities to access and engage with the outdoors for recreation, renewal, and education to increase appreciation of the cultural, natural and scenic resources of rural iowa. This goal is accomplished through the operation of whiterock guest services, designed to facilitate access and engagement by providing various overnight accomodations and a range of programs and events from guided tours, nature walks, fishing, boating, bird watching, etc., along with recreational equipment rentals. Whiterock guest services operates as a fee for service program; however, many activities are available at no charge. Funds raised have been used for construction and maintenance of recreational trails throughout whiterock conservancy's land and on 1,400 acres of land owned by the garst family, on which a trail cooridor easement has been secured.

Form 990, Part XI, Line 9

Change in value of res. Subject to life interest 4,318 change in beneficial interest 164,967 total 169,285 form 990, part xi, line 8 - prior period adjustments the prior period adjustment of 960,116 relates to the additional ownership interest in a partnership that the organization received through an estate gift, which was not originally reflected in the 2023 financial statements.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The organization will enter the property at reasonable times and make roadside inspections, to ensure that required soil protection practices are being deployed, required habitats and erosion control structures remain in place, and building limitations are in compliance. The organization will also collect and measure factors related to soil health and erosion mitigation, and in general monitor the property owner's compliance with all terms of this easement. The property owner is to share normal soil testing data and other relevant data to lessen the burden of the organization in monitoring and enforcing the easement's requirements and to prevent any activity on or use of the property that is inconsistent with the purposes of this easement, and to require the restoration of such areas or features of the property that may be damaged by any inconsistent activity or use. If the organization believes the property owner is in violation of the terms of this easement, or that a violation is threatened, the organization shall communicate with the property owner and they shall work together to devise a plan to avoid or remedy the breach in question. In the event of a genuine dispute as to whether certain management actions are consistent with the spirit and letter of the easement, they will work together whenever possible to submit the dispute to the nrcs or a university expert to arbitrate the dispute and determine whether a violation has occurred, and on what should be done to cure a violation if one has occurred. If the property owner and the organization fail after making reasonable efforts to agree upon a plan to avoid or remedy the breach in question, then a formal dispute resolution mechanism shall commence. This policy is reflected in the organization's easement documents.

Schedule D, Page 1, Part II, Line 9

Conservation easements donated to the organization are recorded as revenues in the statements of financial position at the estimated fair value of the development rights relinquished under the easement, that is, the amount of the reduction in fair market value resulting from the easement at the date it is recorded. This value is generally established through qualified appraisals that are performed at or near the recording date. Such conservation easements, by their very nature, do not generate cash flow or provide future economic benefit. Accordingly, the organization assigns a nominal value of 1 per each easement donated (recorded within property and equipment on the statements of financial position), and the difference between the value received and the fair value is recorded within expenses on the statements of activities.

Schedule D, Page 2, Part V, Line 4

The net earnings of the endowment fund are available to be used to support the land stewardship/conservation and outdoor recreation/environmental eduation program services of the organization.

Schedule D, Page 3, Part X

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization is also a public charity under the irc sections 509(a) and 170(b)(l)(a)(vi). This allows for donations to the organization to be deductible as charitable contributions. The organization is a type 1 supporting organization under section 509(a)(3) and, as such, is operated, supervised, or controlled by one or more publicly supported organizations.

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IRS990/MissionDesc0WHITEROCK CONSERVANCY IS A 5,500 ACRE NON-PROFIT LAND TRUST THAT BALANCES SUSTAINABLE AGRICULTURE, NATURAL RESOURCE PROTECTION AND PUBLIC RECREATION ON THE LANDSCAPE. WHITEROCK CONSERVANCY WORKS FOR A RESILIENT FUTURE BY HELPING LAND FLOURISH AND TRANSFORMING PEOPLE'S RELATIONSHIP TO AGRICULTURE AND NATURE. WHITEROCK CONSERVANCY ASSISTS AND SUPPORTS THE IOWA DEPARTMENT OF NATURAL RESOURCES, PRACTICAL FARMERS OF IOWA AND THE IOWA NATURAL HERITAGE FOUNDATION (THE SUPPORTED ORGANIZATIONS) IN CARRYING OUT THEIR PURPOSES RELATING TO LAND PRESERVATION, LAND RESTORATION, CONSERVATION, SUSTAINABLE AGRICULTURE, EDUCATION AND RECREATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUTDOOR RECREATION AND ENVIRONMENTAL EDUCATION: A GOAL OF WHITEROCK CONSERVANCY IS TO PROVIDE THE PUBLIC WITH OPPORTUNITIES TO ACCESS AND ENGAGE WITH THE OUTDOORS FOR RECREATION, RENEWAL, AND EDUCATION TO INCREASE APPRECIATION OF THE CULTURAL, NATURAL AND SCENIC RESOURCES OF RURAL IOWA. THIS GOAL IS ACCOMPLISHED THROUGH THE OPERATION OF WHITEROCK GUEST SERVICES, DESIGNED TO FACILITATE ACCESS AND ENGAGEMENT BY PROVIDING VARIOUS OVERNIGHT ACCOMODATIONS AND A RANGE OF PROGRAMS AND EVENTS FROM GUIDED TOURS, NATURE WALKS, FISHING, BOATING, BIRD WATCHING, ETC., ALONG WITH RECREATIONAL EQUIPMENT RENTALS. WHITEROCK GUEST SERVICES OPERATES AS A FEE FOR SERVICE PROGRAM; HOWEVER, MANY ACTIVITIES ARE AVAILABLE AT NO CHARGE. FUNDS RAISED HAVE BEEN USED FOR CONSTRUCTION AND MAINTENANCE OF RECREATIONAL TRAILS THROUGHOUT WHITEROCK CONSERVANCY'S LAND AND ON 1,400 ACRES OF LAND OWNED BY THE GARST FAMILY, ON WHICH A TRAIL COORIDOR EASEMENT HAS BEEN SECURED.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE "SUPPORTED ORGANIZATIONS" DIRECTORS DO NOT HAVE THE POWER TO REGULARLY APPOINT OR ELECT ANY OF THE WHITEROCK CONSERVANCY DIRECTORS. HOWEVER, WHEN THERE IS A VACANCY FOR A DIRECTOR AND THE EXISTING DIRECTORS DESIGNATE A SUCCESSOR DIRECTOR, THE SELECTED INDIVIDUAL IS SUBJECT TO THE RIGHT OF ANY OF THE THREE "SUPPORTED ORGANIZATIONS" TO VETO THE DESIGNEE. IN ADDITION, ANY OF THE THREE "SUPPORTED ORGANIZATIONS" HAVE THE RIGHT TO REMOVE ANY DIRECTOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1
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