DOWNTOWN DSM INC

EIN: 421174898

DES MOINES, IA

Total Revenue
$1,194,687
Total Expenses
$1,135,768
Total Assets
$549,694
Net Assets
$317,920
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IA
Principal Officer
AMANDA BRIGGS
Phone
5152864950
Tax Period
2023-01-01 to 2023-12-31

DOWNTOWN DSM INC, founded in 1981, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 5% surplus.

Mission

PROVIDES LEADERSHIP, INITIATIVE, AND ADVOCACY IN ORDER TO ACHIEVE SHARED SOLUTIONS AND A SHARED VISION FOR THE FUTURE OF DOWNTOWN DES MOINES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $789,330
Program Service Revenue $405,357
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,194,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $442,071
Fundraising Expenses $93,437
Program Expenses $751,684
Other Expenses $693,697
TOTAL EXPENSES $1,135,768

Year-over-Year Comparison

2023 2022 Change
Revenue $1,194,687 $1,740,101 -0.3%
Expenses $1,135,768 $1,549,521 -0.3%
Net Income $58,919 $190,580 -0.7%
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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Governance

Voting Members
34
Independent Members
32
Employees
3
Volunteers
150

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
9
$452,384
Total Directors
34
$452,384
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY LEGO EXECUTIVE DIRECTION OF OPERATION DOWNTOWN 40.00
Officer Director
$110,215 $16,976 $127,191
JAKE CHRISTENSEN CO-CHAIR 1.00
Officer Director
$0 $0 $0
JENNY MCCOY CO-CHAIR 1.00
Officer Director
$0 $0 $0
TIFFANY TAUSCHECK PRESIDENT 40.00
Officer Director
$0 $36,125 $325,193
MICHAEL ABBOTT DIRECTOR 1.00
Director
$0 $0 $0
MATT ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
JOE BENESH DIRECTOR 1.00
Director
$0 $0 $0
ALEX BRIGGS DIRECTOR 1.00
Director
$0 $0 $0
DAVID BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDON BROWN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CURRAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS DELLA VEDOVA OPERATION DOWNTOWN BOARD DESIGNEE 1.00
Officer Director
$0 $0 $0
DAN DRENDEL DIRECTOR 1.00
Director
$0 $0 $0
KYLE GAMBLE DIRECTOR 1.00
Director
$0 $0 $0
ROB GAVORA DIRECTOR 1.00
Director
$0 $0 $0
BECKY GIBSON DIRECTOR 1.00
Director
$0 $0 $0
RYAN GRANT DIRECTOR 1.00
Director
$0 $0 $0
KATE HIGHTSHOE-LAMBERT EVENTS COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
DEREK JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ARDIS KELLEY DIRECTOR 1.00
Director
$0 $0 $0
SHARON KRAUSE DIRECTOR 1.00
Director
$0 $0 $0
JOSH MANDELBAUM CITY OF DSM DESIGNEE 1.00
Director
$0 $0 $0
FARNAZ MATERS DIRECTOR 1.00
Director
$0 $0 $0
TOM MATTHEWS ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
COLLEEN MACRAE EC DEV COUNCIL CHAIR 1.00
Officer Director
$0 $0 $0
ANDREA MORSE DIRECTOR 1.00
Director
$0 $0 $0
JOHN NORRIS POLK CO. BOARD OF SUP DESIGNEE 1.00
Director
$0 $0 $0
TERRY ROSENDAHL DIRECTOR 1.00
Director
$0 $0 $0
JOHN RUAN IV DIRECTOR 1.00
Director
$0 $0 $0
LILY ALLEN-DUENAS YPC DESIGNEE 1.00
Director
$0 $0 $0
ANDY MOFFITT DIRECTOR 1.00
Director
$0 $0 $0
RYAN SQUIER DIRECTOR 1.00
Director
$0 $0 $0
JULIE STEWART DIRECTOR 1.00
Director
$0 $0 $0
AMANDA WEATHERS DIRECTOR 1.00
Director
$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
2024 No data No data No data No data
2023 $1,194,687 $1,135,768 $549,694 $58,919
2022 $1,740,101 $1,549,521 $539,675 $190,580
2021 $1,499,002 $1,518,566 $544,599 $-19,564
2020 $1,512,245 $1,606,195 $314,985 $-93,950
2019 $2,004,818 $2,048,047 $292,222 $-43,229
2018 $1,987,368 $2,055,383 $270,654 $-68,015
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