DOWNTOWN EVENTS GROUP INC (EIN 753175987) - 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

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 QUALITYOF LIFE, ECONOMIC ACTIVITY, AND CULTURAL DIVERSITY IN GREATER DES MOINES.

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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

$325,193

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
ALEX BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MORSE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY MOFFITT	DIRECTOR	1.00	Director	$0	$0	$0
ARDIS KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
BECKY GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DELLA VEDOVA	BOARD DESIGNEE	1.00	Director	$0	$0	$0
COLLEEN MACRAE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DAN DRENDEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BROWN	SECRETARY	1.00	Director	$0	$0	$0
DEREK JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
FARNAZ MATERS	DIRECTOR	1.00	Director	$0	$0	$0
JAKE CHRISTENSEN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JENNY MCCOY	CO-CHAIR	1.00	Director	$0	$0	$0
JOE BENESH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RUAN IV	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MANDELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
JULIE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
KATE HIGHTSHOE-LAMBERT	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
KENT MAUCK	DIRECTOR	1.00	Director	$0	$0	$0
KYLE GAMBLE	DIRECTOR	1.00	Director	$0	$0	$0
LILY ALLEN-DUENAS	DIRECTOR	1.00	Director	$0	$0	$0
LISA CHICCHELLY	DIRECTOR	1.00	Director	$0	$0	$0
MATT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GAVORA	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GRANT	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SQUIER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY ROSENDAHL	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY TAUSCHECK	PRESIDENT	8.00	Officer Director	$0	$36,125	$325,193
TOM MATHEWS	ASSISTANT TREASURER	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
2024	No data	No data	No data	No data
2023	$1,472,914	$1,356,134	$237,513	$116,780
2022	$418,181	$608,760	$46,540	$-190,579
2021	$737,514	$717,950	$156,873	$19,564
2020	$505,378	$411,428	$93,167	$93,950
2019	$789,892	$746,663	$79,081	$43,229
2018	$698,437	$630,420	$106,760	$68,017

DOWNTOWN EVENTS GROUP INC