DES MOINES METRO OPERA INC

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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

1973

Legal Domicile

Principal Officer

ERIC NEMMERS

Phone

5159616221

Tax Period

2024-09-01 to 2025-08-31

DES MOINES METRO OPERA INC, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO CREATE DISTINCTIVE THEATRICAL EXPERIENCES AND INSPIRATIONAL LEARNING OPPORTUNITIES FOR ARTISTS AND AUDIENCES OF THE 21ST CENTURY.

Program Service Accomplishments

Program 1

Expenses: $4,500,062 Revenue: $765,168

PRODUCTION OF PROFESSIONAL OPERA FOR THE ENRICHMENT AND ENJOYMENT OF GENERAL AUDIENCES INCLUDING 21 PERFORMANCES OF 5 PRODUCTIONS IN REPERTORY DURING THE SUMMER FESTIVAL.

Program 2

Expenses: $574,228

EDUCATIONAL INITIATIVES INCLUDING INTERNSHIPS, APPRENTICESHIPS, TOURING PROGRAM, WORKSHOPS, AND PERFORMANCES.

Program 3

Expenses: $102,601 Revenue: $156,183

DINNERS, CONCESSIONS AND RETAIL SERVICES ARE SOLD AS A VISITOR SERVICE DURING THE SUMMER FESTIVAL SEASON IN THE THEATER LOBBY. DINNERS ARE CATERED BY A LOCAL RESTAURANT, WINE, SOFT DRINKS AND SNACKS...

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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 $5,123,333

Program Service Revenue $917,936

Investment Income $6,275

Other Revenue $3,653

TOTAL REVENUE $6,051,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,663,515

Fundraising Expenses $213,745

Program Expenses $5,176,891

Other Expenses $4,622,173

TOTAL EXPENSES $6,285,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,051,197	$6,436,714	-0.1%
Expenses	$6,285,688	$6,020,163	+0.0%
Net Income	$-234,491	$416,551	-1.6%

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

153

Volunteers

177

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

$142,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN JIRSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
PROCTOR LUREMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN MICHELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC NEMMERS	TREASURER	1.00	Officer Director	$0	$0	$0
TIMOTHY KRUMM	DIRECTOR	1.00	Director	$0	$0	$0
PAXTON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE CLOGG	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BRAIDA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CARTER	DIRECTOR	1.00	Director	$0	$0	$0
BETSY FREESE	DIRECTOR	1.00	Director	$0	$0	$0
JULIA HAGEN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HUGHES MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KIMELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARLA LACEY	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL CRITELLI	DIRECTOR	1.00	Director	$0	$0	$0
AMY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MAIN	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE MCFARLAND	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GHRIST	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG PORTER	DIRECTOR	1.00	Director	$0	$0	$0
NICK RENKOSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOEL OTTO	DIRECTOR	1.00	Director	$0	$0	$0
MARINA SANDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA TIPTON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY PONTIUS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL EGEL	GENERAL AND ARTISTIC DIREC	40.00	Officer	$129,437	$12,830	$142,267

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
2025	$6,051,197	$6,285,688	$6,511,392	$-234,491
2024	$6,436,714	$6,020,163	$6,509,550	$416,551
2023	$5,768,720	$5,732,945	$6,131,613	$35,775
2022	$6,527,667	$7,943,989	$5,917,635	$-1,416,322
2021	$5,531,970	$4,175,568	$7,229,930	$1,356,402
2020	$3,197,631	$2,750,352	$5,262,123	$447,279
2019	$3,309,852	$3,351,084	$5,547,118	$-41,232
2018	$3,281,354	$3,173,070	$3,939,764	$108,284