Station 1 Records

Nonprofit profile at a glance

EIN
813071619
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020, Form 990-T 2020, Form 990-N 2017
Location
Des Moines, IA, USA
Phone
5153302650
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$49,577
Expenses
$39,808
Assets
$41,531
Liabilities
$18,136

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • TOBI PARKS (EXECUTIVEDIR)
  • THOMAS KUTZ (DIRECTOR OPE)
  • BRANDON CLARK (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To bolster the local music economy through community education, business support for artists, and live event production throughout the city of des moines, while building a regional and national platform for des moines- based artists

What it reported doing in 2020

Artist entrepreneurship & label program we allocate funds to help des moines and central Iowa - based musicians produce, record, and manufacture their music. Our team of industry professionals help the artists cultivate their craft by providing artistic consultation and support in their writing, recording, and marketing of their work. Through our artist entrepreneurship model, we help artists create and facilitate business plans that lead to sustainable income overtime to establish themselves as professional musicians. The primary mission of this program is to assist independent musicians in transforming their art into a sustainable career. Musicians benefited: 15

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 20
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.7%; rating input score 19
  • Program expense ratio: 23.3%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 19.7%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 1.04; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 30.1%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -66% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -28.2% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 76.7% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 18.7% of revenue deployed · 23.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $9K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 19/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.