THE PERFORMING ARTS & EDUCATION ASSOCIATION OF SOUTHWEST IOWA INC (EIN 753123674) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

JULIE RUBEY

Phone

7126233135

Tax Period

2024-08-01 to 2025-07-31

THE PERFORMING ARTS & EDUCATION ASSOCIATION OF SOUTHWEST IOWA INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2024. Expenses of $532K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO DEVELOP OPPORTUNITIES FOR THE COMMUNITY TO EXPERIENCE ARTS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $64,976

Program Service Revenue $94,169

Investment Income $195,178

Other Revenue $14,504

TOTAL REVENUE $368,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,192

Fundraising Expenses $138,981

Program Expenses $267,245

Other Expenses $390,513

TOTAL EXPENSES $531,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,827	$375,149	0.0%
Expenses	$531,705	$488,605	+0.1%
Net Income	$-162,878	$-113,456	+0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE RUBEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA LAPRELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON ORME	TREASURER	1.00	Officer Director	$0	$0	$0
SARA ORME	SECRETARY	1.00	Officer Director	$0	$0	$0
BLAIR DEBOLT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HEATON	DIRECTOR	1.00	Director	$0	$0	$0
RICK HILLYARD	DIRECTOR	1.00	Director	$0	$0	$0
MARJ SCHIERKOLK	DIRECTOR	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	$368,827	$531,705	$8,169,261	$-162,878
2024	$375,149	$488,605	$8,281,922	$-113,456
2023	$269,538	$481,505	$8,398,535	$-211,967
2022	$272,178	$419,713	$8,580,762	$-147,535
2021	$258,629	$361,495	$8,742,145	$-102,866
2020	$251,729	$368,541	$8,835,384	$-116,812
2019	$340,427	$469,902	$8,963,626	$-129,475

THE PERFORMING ARTS & EDUCATION ASSOCIATION OF SOUTHWEST IOWA INC