Edmundson Art Foundation Inc (EIN 420680419) - 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

1946

Legal Domicile

Phone

5152774405

Tax Period

2024-01-01 to 2024-12-31

Edmundson Art Foundation Inc, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $12.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

THROUGH ITS COLLECTIONS, EXHIBITIONS, AND EDUCATIONAL PROGRAMMING, THE DES MOINES ART CENTER PROVIDES OPPORTUNITIES FOR TRANSFORMATIONAL ART EXPERIENCES (CONTINUED ON SCHEDULE O)

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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 $4,536,649

Program Service Revenue $474,933

Investment Income $1,866,156

Other Revenue $2,504,073

TOTAL REVENUE $9,381,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,562,629

Fundraising Expenses $699,975

Program Expenses $9,411,940

Other Expenses $6,797,920

TOTAL EXPENSES $12,360,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,381,811	$10,771,768	-0.1%
Expenses	$12,360,549	$10,115,267	+0.2%
Net Income	$-2,978,738	$656,501	-5.5%

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

138

Volunteers

392

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

$582,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ANDERSON	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
ANDREA ABEL	TREASURER	1.0	Officer Director	$0	$0	$0
DARREN JIRSA	CHAIRPERSON AND EX-OFFICIO	1.0	Officer Director	$0	$0	$0
JASON GROSS	PRESIDENT	1.0	Officer Director	$0	$0	$0
RENEE MONTZ	SECRETARY	1.0	Officer Director	$0	$0	$0
CRAIG SHADUR	TRUSTEE	1.0	Director	$0	$0	$0
DAN KEOUGH	TRUSTEE	1.0	Director	$0	$0	$0
DAWN MARTINEZ OROPEZA	TRUSTEE	1.0	Director	$0	$0	$0
ELLEN HUBBELL	TRUSTEE	1.0	Director	$0	$0	$0
ELLEN YEE	TRUSTEE	1.0	Director	$0	$0	$0
EVA ANDERSON	TRUSTEE	1.0	Director	$0	$0	$0
JEFF CHUNGATH	TRUSTEE	1.0	Director	$0	$0	$0
JOHN KRANTZ	TRUSTEE	1.0	Director	$0	$0	$0
KATE HIGHTSHOE-LAMBERT	TRUSTEE	1.0	Director	$0	$0	$0
KYLE KRAUSE	TRUSTEE	1.0	Director	$0	$0	$0
LAURA CREIGHTON	TRUSTEE	1.0	Director	$0	$0	$0
LIZ ADELMAN	TRUSTEE	1.0	Director	$0	$0	$0
MARY CHAPMAN	TRUSTEE	1.0	Director	$0	$0	$0
MIKE SIMONSON	TRUSTEE	1.0	Director	$0	$0	$0
PAMELA BASS-BOOKEY	TRUSTEE	1.0	Director	$0	$0	$0
PATRICIA MCFARLAND	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD DEMING	TRUSTEE	1.0	Director	$0	$0	$0
RICK BALLINGER	TRUSTEE	1.0	Director	$0	$0	$0
TIM HICKMAN	TRUSTEE	1.0	Director	$0	$0	$0
TOM KOEHN	TRUSTEE	1.0	Director	$0	$0	$0
VIRGINA LAURIDSEN	TRUSTEE	1.0	Director	$0	$0	$0
BONNIE VALVERDE	SENIOR DIR OF FINANCE & OPS	40.0	Officer	$167,501	$31,567	$199,068
KELLY BAUM	EXECUTIVE DIRECTOR	40.0	Officer	$343,164	$40,371	$383,535
CALEB HEGNA	SENIOR DIR OF DEVELOPMENT	40.0	Highest	$139,223	$13,053	$152,276
JILL FEATHERSTONE	SENIOR DIR OF MUSEUM LEARNING, EDUCATION, AND COMMUNITY ACCESS	40.0	Highest	$108,080	$5,910	$113,990

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	$9,381,811	$12,360,549	$175,729,839	$-2,978,738
2023	$10,771,768	$10,115,267	$159,753,152	$656,501
2022	$11,467,360	$8,599,153	$144,679,900	$2,868,207
2021	$14,551,253	$7,037,567	$165,716,069	$7,513,686
2020	$5,299,947	$6,112,458	$123,873,821	$-812,511
2020	$5,221,950	$6,112,458	$123,873,821	$-890,508
2019	$7,977,980	$8,867,009	$124,117,602	$-889,029
2018	$7,831,738	$8,441,608	$121,950,133	$-609,870

Edmundson Art Foundation Inc