TALLGRASS THEATRE COMPANY

EIN: 300206334 501(c)(3) Arts, Culture & Humanities

West Des Moines, IA

Total Revenue
$212,579
Total Expenses
$204,692
Total Assets
$422,129
Net Assets
$419,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IA
Principal Officer
Joshua Klobassa
Phone
6418916535
Tax Period
2024-06-01 to 2025-05-31

TALLGRASS THEATRE COMPANY, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $205K left a modest 4% surplus.

Mission

Tallgrass Theater Company serves to enrich and contribute to the cultural and economic vitality of West Des Moines and surrounding communities by producing theater productions and educational programs. We maintain a shared arts venue that provides a save, supportive and inclusive environment for artists, audiences and other members of the community

Program Service Accomplishments

Program 1
Expenses: $107,301 Revenue: $65,708

We produced five theatrical productions attended by an audience of 2,293 patrons. This provided numerous volunteer opportunities for actors, stage crews, and technical personnel. We produced an...

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We produced five theatrical productions attended by an audience of 2,293 patrons. This provided numerous volunteer opportunities for actors, stage crews, and technical personnel. We produced an additional outdoor concert attended by more than 500 patrons.

Program 2
Expenses: $76,644 Revenue: $46,786

Our Seedlings Childrens Theatre program provided week-long summer camps teaching skills in performance, improvisation, audition techniques, and backstage skills in set design construction, costuming...

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Our Seedlings Childrens Theatre program provided week-long summer camps teaching skills in performance, improvisation, audition techniques, and backstage skills in set design construction, costuming, lighting, and sound. This program served 209 youth participants with 17 student performances to a total audience of 607 patrons.

Program 3
Expenses: $7,664 Revenue: $5,187

We shared our theatre venue with other local arts groups to provide a safe, supportive, and inclusive space for their communities. A resident improvisation group gave 8 performances to an audience of...

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We shared our theatre venue with other local arts groups to provide a safe, supportive, and inclusive space for their communities. A resident improvisation group gave 8 performances to an audience of 271 patrons. We offered gallery space for local artists to display their work concurrent with our theatre productions.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $90,139
Program Service Revenue $117,681
Investment Income $484
Other Revenue $4,275
TOTAL REVENUE $212,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,141
Fundraising Expenses $9,812
Program Expenses $191,609
Other Expenses $182,551
TOTAL EXPENSES $204,692

Year-over-Year Comparison

2024 2023 Change
Revenue $212,579 $235,806 -0.1%
Expenses $204,692 $184,671 +0.1%
Net Income $7,887 $51,135 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
450

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erin Bishop Member 002.00
Director
$0 $0 $0
Bob Baskerville President 002.00
Officer
$0 $0 $0
Joshua Klobassa Treasurer 002.00
Officer
$0 $0 $0
Tyler Klobassa Secretary 002.00
Officer
$0 $0 $0
Arlene McAtee Secretary 002.00
Officer
$0 $0 $0
James Stephenson Vice President 002.00
Officer
$0 $0 $0
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 $212,579 $204,692 $422,129 $7,887
2024 $235,806 $184,671 $415,615 $51,135
2023 $200,696 $162,959 $362,320 $37,737
2022 $293,908 $129,055 $324,244 $164,853
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