ORCHESTRA IOWA INC (EIN 420772544) - 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

1952

Legal Domicile

Principal Officer

ERIC MARSHALL

Phone

3193668206

Tax Period

2023-07-01 to 2024-06-30

ORCHESTRA IOWA INC, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FOSTER THE ENJOYMENT OF, AND SUPPORT FOR, FINE SYMPHONIC MUSIC THROUGH QUALITY PERFORMANCES, EDUCATION AND COMMUNITY INVOLVEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,252,345

Program Service Revenue $1,275,073

Investment Income $52,134

Other Revenue $25,156

TOTAL REVENUE $2,604,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,902,931

Fundraising Expenses $195,742

Program Expenses $2,557,864

Other Expenses $1,120,082

TOTAL EXPENSES $3,023,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,604,708	$3,009,527	-0.1%
Expenses	$3,023,013	$3,195,120	-0.1%
Net Income	$-418,305	$-185,593	+1.3%

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

241

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

$166,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHATIGAN LISA	CHAIR	1.00	Officer Director	$0	$0	$0
OVERTURF CHRIS	TREASURER	1.00	Officer Director	$0	$0	$0
WASKOW KURT	SECRETARY	1.00	Director	$0	$0	$0
BALKMAN AUBREY	DIRECTOR	1.00	Director	$0	$0	$0
BLACKLEDGE JANET	DIRECTOR	1.00	Director	$0	$0	$0
COLE KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
FINCH JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
FRIEDMAN HEATHER	DIRECTOR	1.00	Director	$0	$0	$0
GRAY MATTHEW	DIRECTOR	1.00	Director	$0	$0	$0
HANICK PAT	DIRECTOR	1.00	Director	$0	$0	$0
JOHNSON CATHY	DIRECTOR	1.00	Director	$0	$0	$0
KRAL DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
LANGSTON ERIC	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS KAREN	DIRECTOR	1.00	Director	$0	$0	$0
MACHNOWSKI JOANNA	DIRECTOR	1.00	Director	$0	$0	$0
MALLOW RICK	DIRECTOR	1.00	Director	$0	$0	$0
MARPLE NEAL	DIRECTOR	1.00	Director	$0	$0	$0
MCMENIMEN DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
MINETTE DICK	DIRECTOR	1.00	Director	$0	$0	$0
NIELSON JEFFREY	DIRECTOR	1.00	Director	$0	$0	$0
PAYVANDI CATHERINE	DIRECTOR	1.00	Director	$0	$0	$0
PRICE BARBARA	DIRECTOR	1.00	Director	$0	$0	$0
PRIVETT BRIAN	DIRECTOR	1.00	Director	$0	$0	$0
REDMOND DENNY	DIRECTOR	1.00	Director	$0	$0	$0
REEVES CHIP	DIRECTOR	1.00	Director	$0	$0	$0
SHELLADY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
SMITHSON LELAND	DIRECTOR	1.00	Director	$0	$0	$0
SUBLETT SANDY	DIRECTOR	1.00	Director	$0	$0	$0
WEST STEVE	DIRECTOR	1.00	Director	$0	$0	$0
WESTPHELING JEFFREY	DIRECTOR	1.00	Director	$0	$0	$0
WILSON M FRANK	DIRECTOR	1.00	Director	$0	$0	$0
WONG CANDACE	DIRECTOR	1.00	Director	$0	$0	$0
HANKWICH TIM	MUSIC DIRECTOR	40.00	Officer	$116,832	$0	$116,832
BARNES LINDA	INTERIM CEO	40.00	Officer	$45,121	$4,528	$49,649

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	No data	No data	No data	No data
2024	$2,604,708	$3,023,013	$6,954,538	$-418,305
2023	$3,009,527	$3,195,120	$7,282,848	$-185,593
2022	$3,674,053	$2,654,541	$7,619,594	$1,019,512
2021	$1,876,177	$1,228,509	$6,413,175	$647,668
2020	$2,520,904	$2,580,309	$5,418,892	$-59,405
2019	$2,433,023	$2,650,599	$5,615,656	$-217,576
2018	$2,518,900	$2,622,144	$5,642,408	$-103,244

ORCHESTRA IOWA INC