THE OTTUMWA SYMPHONY ORCHESTRA FOUNDATION

EIN: 421320132 501(c)(3)

OTTUMWA, IA

Total Revenue
$97,471
Total Expenses
$137,712
Total Assets
$421,014
Net Assets
$421,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IA
Principal Officer
LUKE MILLER
Phone
6417777229
Tax Period
2024-07-01 to 2025-06-30

THE OTTUMWA SYMPHONY ORCHESTRA FOUNDATION, founded in 2006, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE PURPOSE OF THE OTTUMWA SYMPHONY ORCHESTRA FOUNDATION IS TO PROVIDE FOR THE PERPETUATION OF MUSICAL ARTS AND PERFORMANCES IN THE CITY OF OTTUMWA AND SURROUNDING COMMUNITIES AND FOR THE ENCOURAGEMENT OF MUSICAL EDUCATION AMONGST ELEMENTARY, HIGH SCHOOL AND COMMUNITY COLLEGE STUDENTS.

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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 $40,156
Program Service Revenue $29,538
Investment Income $5,852
Other Revenue $21,925
TOTAL REVENUE $97,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,330
Other Expenses $137,712
TOTAL EXPENSES $137,712

Year-over-Year Comparison

2024 2023 Change
Revenue $97,471 $122,577 -0.2%
Expenses $137,712 $167,186 -0.2%
Net Income $-40,241 $-44,609 -0.1%
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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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH BLAINE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER CALHOUN BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA DAVOLT BOARD MEMBER 1.00
Director
$0 $0 $0
PAM DEBOER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DAN DOWLING BOARD MEMBER 1.00
Director
$0 $0 $0
MARY BETH HAMMER BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS HENDERSON TREASURER 2.00
Officer Director
$0 $0 $0
WILLIAM LARUE JONES DIRECTOR 40.00
Director
$0 $0 $0
KATHI LOUCKS BOARD MEMBER N/A
Director
$0 $0 $0
LUKE MILLER PRESIDENT 2.00
Officer Director
$0 $0 $0
NATHAN MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX MORLEY BOARD MEMBER 1.00
Director
$0 $0 $0
DAPHNE PALEN BOARD MEMBER 1.00
Director
$0 $0 $0
NEWELL PALEN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN QUINN BOARD MEMBER 1.00
Director
$0 $0 $0
BARB SASSEEN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SHARP BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE SHOWALTER SECRETARY 2.00
Officer Director
$0 $0 $0
SUSAN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA SWANSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARY JANE VASCONEZ BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY WEBERPAL BOARD MEMBER 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
2025 $97,471 $137,712 $421,014 $-40,241
2024 $122,577 $167,186 $422,378 $-44,609
2023 $131,387 $151,226 $413,036 $-19,839
2022 $97,589 $104,061 $417,301 $-6,472
2021 $64,434 $58,286 $248,263 $6,148
2019 $90,789 $88,743 $248,922 $2,046
2018 $84,223 $73,706 $246,876 $10,517
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