DES MOINES SYMPHONY ASSOCIATION (EIN 426058830) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

RICHARD EARLY

Phone

5152804000

Tax Period

2023-07-01 to 2024-06-30

DES MOINES SYMPHONY ASSOCIATION, founded in 1937, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE DES MOINES SYMPHONY IS TO ENRICH, EDUCATE, AND INSPIRE THE COMMUNITY BY PERFORMING GREAT ORCHESTRAL MUSIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,414,037

Program Service Revenue $1,135,839

Investment Income $0

Other Revenue $22,303

TOTAL REVENUE $3,572,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,440,510

Fundraising Expenses $262,955

Program Expenses $3,226,241

Other Expenses $1,611,239

TOTAL EXPENSES $4,051,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,572,179	$3,165,158	+0.1%
Expenses	$4,051,749	$3,947,064	+0.0%
Net Income	$-479,570	$-781,906	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

279

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

$183,427

Total Directors

Key Employees

$287,469

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L EARLY	EXECUTIVE DIRECTOR	40.00	Officer	$150,448	$32,979	$183,427
JOSEPH GIUNTA	MUSIC DIRECTOR	40.00	Key Emp	$255,500	$31,969	$287,469
SCOTT WYCKOFF	DIRECTOR OF FINANCE	40.00	Highest	$105,881	$22,050	$127,931
BARBARA BEATTY MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS B DORNER MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
REBECCA L YOUNG	VICE PRESIDENT/PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
LYNNE FLATER	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT H WOOTTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RUSSELL J BITTERMAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BRICK	TRUSTEE	1.00	Director	$0	$0	$0
LIZZY NEUGENT DIXON	TRUSTEE	1.00	Director	$0	$0	$0
MARY EDRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN GREENFIELD	TRUSTEE	1.00	Director	$0	$0	$0
KATE HIGHTSHOE-LAMBERT	TRUSTEE	1.00	Director	$0	$0	$0
DR YULIA JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
KAYLEIGH KOESTER	TRUSTEE	1.00	Director	$0	$0	$0
RON MAAHS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN MAGRUDER PHD	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MYERS	TRUSTEE	1.00	Director	$0	$0	$0
STACY POLYDORAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SAGULA	TRUSTEE	1.00	Director	$0	$0	$0
EMILY STORK	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE WOLF PHD	TRUSTEE	1.00	Director	$0	$0	$0
ANN COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
PROCTOR LUREMAN	TRUSTEE	1.00	Director	$0	$0	$0
BILLY WEATHERS	TRUSTEE	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	No data	No data	No data	No data
2024	$3,572,179	$4,051,749	$20,891,226	$-479,570
2023	$3,165,158	$3,947,064	$20,186,211	$-781,906
2022	$5,286,185	$3,499,627	$19,278,487	$1,786,558
2021	$2,653,432	$2,441,776	$12,208,795	$211,656
2020	$3,171,142	$3,561,169	$10,095,559	$-390,027
2019	$3,682,472	$3,688,420	$8,811,777	$-5,948

DES MOINES SYMPHONY ASSOCIATION