COLORADO MUSIC HALL OF FAME

EIN: 272529106 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$331,686
Total Expenses
$322,657
Total Assets
$363,139
Net Assets
$354,260
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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
2010
Legal Domicile
CO
Principal Officer
KAREN RADMAN
Phone
3036721273
Tax Period
2024-01-01 to 2024-12-31

COLORADO MUSIC HALL OF FAME, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

COLORADO MUSIC HALL OF FAME CELEBRATES, PROMOTES AND SUPPORTS COLORADO'S MUSIC COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $320,028
Program Service Revenue $13,277
Investment Income $6
Other Revenue $-1,625
TOTAL REVENUE $331,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,281
Fundraising Expenses $22,010
Program Expenses $262,481
Other Expenses $159,376
TOTAL EXPENSES $322,657

Year-over-Year Comparison

2024 2023 Change
Revenue $331,686 $270,870 +0.2%
Expenses $322,657 $295,422 +0.1%
Net Income $9,029 $-24,552 -1.4%
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

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Governance

Voting Members
18
Independent Members
18
Employees
2
Volunteers
52

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
5
$150,800
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN RADMAN EXECUTIVE DI 60.00
Officer
$130,000 $20,800 $150,800
PAUL EPSTEIN CO-CHAIR 4.00
Officer Director
$0 $0 $0
SCOTT TOBIAS CO-CHAIR 4.00
Officer Director
$0 $0 $0
DAVE PLATI SECRETARY 2.00
Officer Director
$0 $0 $0
TROY DURAN TREASURER 4.00
Officer Director
$0 $0 $0
ROBERT BLUME BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA CALHOUN BOARD MEMBER 1.00
Director
$0 $0 $0
LEANNA CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
JAY ELOWSKY BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT FEDRIZZI BOARD MEMBER 1.00
Director
$0 $0 $0
YVETTE PITA FRAMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES GUERCIO BOARD MEMBER 0.50
Director
$0 $0 $0
JOSH HANFLING BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS LANDO BOARD MEMBER 2.00
Director
$0 $0 $0
HENRY ROOT BOARD MEMBER 1.00
Director
$0 $0 $0
RD SEWALD BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE SPARKS BOARD MEMBER 2.00
Director
$0 $0 $0
DON STRASBURG BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG UMBAUGH BOARD MEMBER 2.00
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 No data No data No data No data
2024 $331,686 $322,657 $363,139 $9,029
2023 $270,870 $295,422 $346,581 $-24,552
2022 $123,888 $245,206 $373,975 $-121,318
2021 $176,702 $191,998 $497,829 $-15,296
2020 $145,234 $229,465 $529,412 $-84,231
2019 $258,086 $239,091 $590,677 $18,995
2018 $275,002 $231,047 $572,854 $43,955
2017 $576,996 $398,771 $530,210 $178,225
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