GRAND TETON MUSIC FESTIVAL 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

1961

Legal Domicile

Phone

3077333050

Tax Period

2024-01-01 to 2024-12-31

GRAND TETON MUSIC FESTIVAL INC, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.4M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 56% operating margin.

Mission

OUR MISSION IS TO ENGAGE, ENTERTAIN, EDUCATE, AND INSPIRE OUR RESIDENT AND SEASONAL COMMUNITIES THROUGH EXHILARATING MUSICAL EXPERIENCES. WE FEATURE ORCHESTRAL, CHAMBER, AND SOLO PERFORMANCES OF PRIMARILY CLASSICAL MUSIC BY WORLD-CLASS ARTISTS, AND WE FOSTER A CULTURE THAT DRAWS OUTSTANDING MUSICIANS TO JACKSON HOLE IN SUPPORT OF THIS MISSION.

Program Service Accomplishments

Program 1

Expenses: $4,002,111 Revenue: $1,069,476

GTMF SHARED EXHILARATING MUSICAL EXPERIENCES WITH 20,000 AUDIENCE MEMBERS THROUGH PRESENTATIONS OF SYMPHONIC, CHAMBER AND NON-CLASSICAL MUSIC PERFORMANCES. IN ADDITION, GTMF PRODUCED 40+ FREE MUSICAL...

Program 2

Expenses: $304,369 Revenue: $329,952

HOUSING FOR MUSICIANS DURING SUMMER SEASON.

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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 $13,219,120

Program Service Revenue $1,069,476

Investment Income $792,214

Other Revenue $308,077

TOTAL REVENUE $15,388,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,409,939

Fundraising Expenses $1,007,356

Program Expenses $4,306,480

Other Expenses $5,089,804

TOTAL EXPENSES $6,769,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,388,887	$9,023,732	+0.7%
Expenses	$6,769,743	$5,966,209	+0.1%
Net Income	$8,619,144	$3,057,523	+1.8%

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

113

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

$580,752

Total Directors

Key Employees

$183,944

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DONOVAN	CHAIR	5.0	Officer Director	$0	$0	$0
DON LARSON	TREASURER	5.0	Officer Director	$0	$0	$0
MARY WEBER	SECRETARY	5.0	Officer Director	$0	$0	$0
PHILIP SHERRINGHAM	TREASURER (THRU 8/16/2024)	5.0	Officer Director	$0	$0	$0
SUSAN SUTTON	VICE CHAIR	5.0	Officer Director	$0	$0	$0
ANDY WATSON	DIRECTOR (THRU 8/16/2024)	1.0	Director	$0	$0	$0
BARBARA MCCELVEY	IMMEDIATE PAST CHAIR (THRU 8/16/2024)	5.0	Director	$0	$0	$0
BERYL WEINER	DIRECTOR	1.0	Director	$0	$0	$0
CASEY BOWLIN	DIRECTOR (EFF. 8/16/2024)	1.0	Director	$0	$0	$0
CHIARA KINGSLEY DIEGUEZ	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTIAN ERDMAN	DIRECTOR	1.0	Director	$0	$0	$0
GARY HARVEY	DIRECTOR	1.0	Director	$0	$0	$0
JACK SELBY	DIRECTOR	1.0	Director	$0	$0	$0
JAN DAVIS	DIRECTOR (EFF. 8/16/2024)	1.0	Director	$0	$0	$0
LAURENTIUS MARAIS	DIRECTOR (EFF. 8/16/2024)	1.0	Director	$0	$0	$0
LYNN FLEISHER	DIRECTOR	1.0	Director	$0	$0	$0
MADELINE ADKINS	DIRECTOR	1.0	Director	$0	$0	$0
MARK YOCKEY	DIRECTOR (THRU 8/16/2024)	1.0	Director	$0	$0	$0
MATT LUSINS	DIRECTOR	1.0	Director	$0	$0	$0
MATT STONER	DIRECTOR	1.0	Director	$0	$0	$0
NANCY PASFIELD	DIRECTOR	1.0	Director	$0	$0	$0
NATALIE CLARK	DIRECTOR	1.0	Director	$0	$0	$0
PETER FENTON	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT SPETZLER	DIRECTOR (THRU 8/16/2024)	1.0	Director	$0	$0	$0
SHARI TURPIN	DIRECTOR (EFF. 8/16/2024)	1.0	Director	$0	$0	$0
STEPHANIE KEY	DIRECTOR (EFF. 8/16/2024)	1.0	Director	$0	$0	$0
SUSIE RAUCH	DIRECTOR	1.0	Director	$0	$0	$0
SUZANNE JIN MESINOGLU	DIRECTOR	1.0	Director	$0	$0	$0
DONALD RUNNICLES	MUSIC DIRECTOR	15.0	Officer	$236,500	$0	$236,500
EMMA KAIL	EXECUTIVE DIRECTOR	60.0	Officer	$304,849	$39,403	$344,252
TIM DODGE	DIRECTOR OF DEVELOPMENT	50.0	Key Emp	$157,214	$26,730	$183,944
JEFF COUNTS	GENERAL MANAGER	40.0	Highest	$150,000	$7,250	$157,250
STEFFAN LARSON	DIRECTOR OF FINANCE & ADMINISTRATION	40.0	Highest	$147,097	$21,765	$168,862

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	$15,388,887	$6,769,743	$33,277,984	$8,619,144
2023	$9,023,732	$5,966,209	$24,179,663	$3,057,523
2022	$4,574,550	$5,743,004	$19,666,375	$-1,168,454
2021	$8,778,128	$4,449,741	$21,966,338	$4,328,387
2020	$2,815,048	$2,851,716	$20,605,640	$-36,668
2019	$3,509,008	$4,431,985	$19,938,908	$-922,977
2018	$3,438,783	$4,049,865	$19,634,182	$-611,082