GREATER DES MOINES PUBLIC ART FOUNDATION (EIN 201282095) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

BRUCE HENTSCHEL

Phone

5159544571

Tax Period

2024-01-01 to 2024-12-31

GREATER DES MOINES PUBLIC ART FOUNDATION, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 739% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 92% operating margin.

Mission

THE GREATER DES MOINES PUBLIC ART FOUNDATION PLACES ART IN PUBLIC SPACES THROUGH PUBLIC AND PRIVATE COLLABORATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,944,276

Program Service Revenue $0

Investment Income $94,699

Other Revenue $0

TOTAL REVENUE $4,038,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,117

Fundraising Expenses $41,377

Program Expenses $195,711

Other Expenses $208,605

TOTAL EXPENSES $317,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,038,975	$481,561	+7.4%
Expenses	$317,722	$142,653	+1.2%
Net Income	$3,721,253	$338,908	+10.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$99,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE HENTSCHEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF FLEMING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARDIS E KELLEY	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
ISAAC BRACHER	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN DELIMA	DIRECTOR	1.00	Director	$0	$0	$0
LOIS FINGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JANN FREED	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA GRAHAM JAMES	DIRECTOR	1.00	Director	$0	$0	$0
DARREN R JIRSA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KRANTZ	DIRECTOR	1.00	Director	$0	$0	$0
HELEN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
ANASTASIA POLYDORAN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY SHADUR	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA TERRILL	DIRECTOR	1.00	Director	$0	$0	$0
JILL WELLS	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE LINDA WESTERGAARD	DIRECTOR	1.00	Director	$0	$0	$0
ANNABEL WIMER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA MCCARTHY	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$9,700	$99,700

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,038,975	$317,722	$4,581,763	$3,721,253
2023	$481,561	$142,653	$855,930	$338,908
2022	$217,021	$320,055	$592,410	$-103,034
2021	$1,209,813	$1,281,729	$822,931	$-71,916
2020	$395,106	$308,909	$640,956	$86,197
2019	$331,041	$385,024	$555,174	$-53,983
2018	$815,786	$1,598,909	$611,993	$-783,123

GREATER DES MOINES PUBLIC ART FOUNDATION