DES MOINES SYMPHONY FOUNDATION

EIN: 421246575 501(c)(3)

DES MOINES, IA

Total Revenue
$656,241
Total Expenses
$1,123,198
Total Assets
$17,988,003
Net Assets
$17,434,197
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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
1983
Legal Domicile
IA
Principal Officer
RICHARD EARLY
Phone
5152804000
Tax Period
2022-07-01 to 2023-06-30

DES MOINES SYMPHONY FOUNDATION, founded in 1983, is a small nonprofit that reported $656K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 71% operating deficit.

Mission

THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO THE DES MOINES SYMPHONY ASSOCIATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $713,942
Program Service Revenue $0
Investment Income $-57,701
Other Revenue $0
TOTAL REVENUE $656,241

Expense Breakdown

Grants Paid $1,058,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,058,300
Other Expenses $64,898
TOTAL EXPENSES $1,123,198

Year-over-Year Comparison

2022 2021 Change
Revenue $656,241 $8,433,449 -0.9%
Expenses $1,123,198 $1,067,974 +0.1%
Net Income $-466,957 $7,365,475 -1.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
6
$223,057
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RUAN IV PRESIDENT 1.00
Officer Director
$0 $0 $0
DR STEPHEN C SMTIH IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
AMY BEATTIE VICE PRESIDENT/PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
BRADLEY D SMERAGE TREASURER 1.00
Officer Director
$0 $0 $0
DOUGLAS B DORNER DIRECTOR 1.00
Director
$0 $0 $0
TRUDY HOLMAN HURD DIRECTOR 1.00
Director
$0 $0 $0
STACEY HORST DIRECTOR 1.00
Director
$0 $0 $0
EUGENE T MEYER DIRECTOR 1.00
Director
$0 $0 $0
ANGELA R SANDERS DIRECTOR 1.00
Director
$0 $0 $0
REBECCA D SHAW DIRECTOR 1.00
Director
$0 $0 $0
ASHLEE VIEREGGER DIRECTOR 1.00
Director
$0 $0 $0
RENEE DAVENPORT SECRETARY 1.00
Officer
$0 $2,181 $50,454
RICHARD EARLY EXECUTIVE DIRECTOR 1.00
Officer
$0 $29,020 $172,603
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 $656,241 $1,123,198 $17,988,003 $-466,957
2022 $8,433,449 $1,067,974 $17,022,973 $7,365,475
2021 $1,582,759 $575,437 $10,950,979 $1,007,322
2020 $2,277,005 $932,021 $8,997,769 $1,344,984
2019 $1,547,825 $552,698 $7,600,796 $995,127
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