DOWNTOWN EVENTS GROUP INC

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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

2004

Legal Domicile

Principal Officer

AMANDA BRIGGS

Phone

5152864950

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN EVENTS GROUP INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 252% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 8% surplus.

Mission

PRODUCING ANNUAL LARGE-SCALE FESTIVALS AND EVENTS TO ENHANCE THE QUALITY OF LIFE, ECONOMIC ACTIVITY, AND CULTURAL DIVERSITY IN GREATER DES MOINES.

Program Service Accomplishments

Program 1

Expenses: $339,991 Revenue: $335,407

WORLD FOOD AND MUSIC FESTIVAL THE FESTIVAL BEGAN IN 2005 AND IS A THREE-DAY EVENT WHICH CELEBRATES IOWA'S UNIQUE AND DIVERSE CULINARY TRADITIONS, AS WELL AS OFFERING LIVE MUSIC. THE EVENT OFFERS...

WORLD FOOD AND MUSIC FESTIVAL THE FESTIVAL BEGAN IN 2005 AND IS A THREE-DAY EVENT WHICH CELEBRATES IOWA'S UNIQUE AND DIVERSE CULINARY TRADITIONS, AS WELL AS OFFERING LIVE MUSIC. THE EVENT OFFERS CULTURAL CAFES, LIVE ENTERTAINMENT, COOKING DEMONSTRATIONS, AND VARIOUS MARKETPLACES. ATTENDANCE HAS REACHED AS HIGH AS 75,000 OVER THE THREE-DAY EVENT. THE EXPENSES INCURRED REFLECT ALL COSTS INCURRED IN CARRYING OUT THE VARIOUS ASPECTS OF THE EVENT.

Program 2

Expenses: $110,910 Revenue: $82,885

DSM BOOK FESTIVAL THE INAUGURAL EVENT IN 2019 FEATURED PRESENTATIONS AND BOOK SIGNINGS BY AUTHORS OF BOTH NATIONAL AND LOCAL ACCLAIM. IN ADDITION, WORKSHOPS AS WELL AS CHILDREN'S ENTERTAINMENT AND...

DSM BOOK FESTIVAL THE INAUGURAL EVENT IN 2019 FEATURED PRESENTATIONS AND BOOK SIGNINGS BY AUTHORS OF BOTH NATIONAL AND LOCAL ACCLAIM. IN ADDITION, WORKSHOPS AS WELL AS CHILDREN'S ENTERTAINMENT AND ACTIVITIES WERE PROVIDED, AS PART OF A "CELEBRATION OF THE WRITTEN WORD."

Program 3

Expenses: $242,786 Revenue: $616,938

THE MARKET, WHICH DATES BACK TO 1976, IS HELD EACH SATURDAY FROM MAY TO OCTOBER. THE MARKET BOASTS OVER 320 VENDORS AND AVERAGES MORE THAN 35,000 IN ATTENDANCE EACH WEEK. IN ADDITION, AN INDOOR...

THE MARKET, WHICH DATES BACK TO 1976, IS HELD EACH SATURDAY FROM MAY TO OCTOBER. THE MARKET BOASTS OVER 320 VENDORS AND AVERAGES MORE THAN 35,000 IN ATTENDANCE EACH WEEK. IN ADDITION, AN INDOOR WINTER MARKET IS HELD OVER ONE WEEKEND IN NOVEMBER. THE NATIONALLY-RECOGNIZED MARKET INCLUDES A VARIETY OF VENDORS AND PRODUCT OFFERINGS AND IS PRODUCED, OPERATED, AND MANAGED BY THE ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,472,914

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,472,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,209

Fundraising Expenses $108,729

Program Expenses $1,224,890

Other Expenses $1,354,925

TOTAL EXPENSES $1,356,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,472,914	$418,181	+2.5%
Expenses	$1,356,134	$608,760	+1.2%
Net Income	$116,780	$-190,579	-1.6%

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

$325,193

Total Directors