DES MOINES PERFORMING ARTS (EIN 510138181) - 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

1979

Legal Domicile

Principal Officer

JEFF CHELESVIG

Phone

5152462300

Tax Period

2024-07-01 to 2025-06-30

DES MOINES PERFORMING ARTS, founded in 1979, is a mid-sized nonprofit in the Community Improvement sector that reported $26.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

ENGAGE THE MIDWEST IN MEANINGFUL ENTERTAINMENT, EDUCATION, AND CULTURAL ACTIVITIES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $3,936,472

Program Service Revenue $20,907,508

Investment Income $527,085

Other Revenue $796,891

TOTAL REVENUE $26,167,956

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $6,484,399

Fundraising Expenses $1,190,842

Program Expenses $25,074,250

Other Expenses $21,724,462

TOTAL EXPENSES $28,216,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,167,956	$22,289,196	+0.2%
Expenses	$28,216,361	$24,856,824	+0.1%
Net Income	$-2,048,405	$-2,567,628	-0.2%

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

471

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

$922,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESPNOLA CARTMILL	CHAIR	1.00	Officer Director	$0	$0	$0
ARDIS KELLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL HLIVKO	TREASURER	1.00	Officer Director	$0	$0	$0
LANAE CERYANEC	SECRETARY	1.00	Officer Director	$0	$0	$0
VANESSA HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA GOBBER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HER	DIRECTOR	1.00	Director	$0	$0	$0
MATT MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MENKEN	DIRECTOR	1.00	Director	$0	$0	$0
SONIA PARRAS KONRAD	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
BOB RITZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WESTERGAARD	DIRECTOR	1.00	Director	$0	$0	$0
RICH WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
MARIBETH MULREADY	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA RUPERTO	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN KUNERT	DIRECTOR	1.00	Director	$0	$0	$0
STACY WANDERSCHEID	PAST CHAIR	1.00	Director	$0	$0	$0
JOSH MANDELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CHELESVIG	PRESIDENT/CEO	40.00	Officer	$670,395	$24,802	$695,197
HEIDI WATKINS	CFO	40.00	Officer	$215,107	$11,805	$226,912
LAURA SWEET	VICE PRESIDENT/COO	40.00	Highest	$230,128	$22,134	$252,262
BARBARA PREUSS	DIRECTOR OF MARKETING	40.00	Highest	$176,026	$21,287	$197,313
MEGAN KIRK	CONTROLLER	40.00	Highest	$126,220	$8,717	$134,937
JONATHAN BRENDEMUEHL	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$117,632	$15,999	$133,631
BILL PINEGAR	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$163,370	$10,067	$173,437

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	$26,167,956	$28,216,361	$50,988,890	$-2,048,405
2024	$22,289,196	$24,856,824	$51,350,149	$-2,567,628
2023	$28,296,857	$28,040,474	$53,085,613	$256,383
2022	$29,638,099	$20,984,186	$53,428,793	$8,653,913
2021	$5,283,158	$6,354,208	$44,627,960	$-1,071,050
2020	$13,965,598	$16,983,534	$44,995,180	$-3,017,936
2019	$29,483,100	$28,301,418	$45,225,298	$1,181,682
2018	$19,229,209	$20,162,460	$51,460,461	$-933,251

DES MOINES PERFORMING ARTS