HOYT SHERMAN PLACE FOUNDATION

EIN: 421433940 501(c)(3) Arts, Culture & Humanities

DES MOINES, IA

Total Revenue
$6,140,814
Total Expenses
$6,354,963
Total Assets
$59,035,322
Net Assets
$55,657,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IA
Principal Officer
JOHN KRANTZ
Phone
5152440507
Tax Period
2024-07-01 to 2025-06-30

HOYT SHERMAN PLACE FOUNDATION, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $55.7M represent 109 months of operating reserves.

Mission

MAINTENANCE AND PRESERVATION OF THE HOYT SHERMAN MANSION, MUSEUM, THEATER, AND SURROUNDING GROUNDS FOR PUBLIC VIEWING AND USE.

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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 $693,149
Program Service Revenue $5,238,222
Investment Income $207,868
Other Revenue $1,575
TOTAL REVENUE $6,140,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,411,948
Fundraising Expenses $359,836
Program Expenses $5,068,128
Other Expenses $4,943,015
TOTAL EXPENSES $6,354,963

Year-over-Year Comparison

2024 2023 Change
Revenue $6,140,814 $6,499,586 -0.1%
Expenses $6,354,963 $6,456,724 0.0%
Net Income $-214,149 $42,862 -6.0%
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
24
Independent Members
24
Employees
45
Volunteers
65

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
$196,952
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF VORWERK PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN KRANTZ PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY CHAPMAN SECRETARY 2.00
Officer Director
$0 $0 $0
BRODY WELLS TREASURER 2.00
Officer Director
$0 $0 $0
NOLA AIGNER-DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTIE BELL BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BLOOM BOARD MEMBER 1.00
Director
$0 $0 $0
BRENNAN BUCKLEY BOARD MEMBER 1.00
Director
$0 $0 $0
LEA ROSSON DELONG BOARD MEMBER 1.00
Director
$0 $0 $0
RUSTY GOODE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC GRUBB BOARD MEMBER 1.00
Director
$0 $0 $0
AZURE CHRISTENSEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY ELLEN IMLAU BOARD MEMBER 1.00
Director
$0 $0 $0
TOBI PARKS BOARD MEMBER 1.00
Director
$0 $0 $0
MICKEY RYAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY SHELDAHL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE TANK BOARD MEMBER 1.00
Director
$0 $0 $0
SHERRY WILKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
DEIDRE WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF FREUDE BOARD MEMBER 1.00
Director
$0 $0 $0
RICH SALAS BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN RILEY SIEVERS BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WARREN CEO 40.00
Officer
$196,952 $0 $196,952
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 $6,140,814 $6,354,963 $59,035,322 $-214,149
2024 $6,499,586 $6,456,724 $59,320,479 $42,862
2023 $4,862,165 $5,083,086 $26,193,470 $-220,921
2022 $4,318,549 $4,760,147 $25,209,028 $-441,598
2021 $2,734,031 $1,408,999 $26,778,680 $1,325,032
2020 $2,677,698 $1,895,352 $25,053,544 $782,346
2019 $4,820,274 $1,831,247 $20,821,979 $2,989,027
2018 $1,714,748 $1,647,171 $17,372,696 $67,577
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