Rushmore Music Festival (EIN 473451302) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

RUSHMORE MUSIC FESTIVAL, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2022. Revenue surged 279% from the prior year, signaling strong growth momentum. Expenses of $264K left a modest 15% surplus.

Mission

The Rushmore Music Festival promotes access to musical excellence through education and performance to enrich the cultural landscape in our community and beyond.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,169

Program Service Revenue $33,761

Investment Income $0

Other Revenue $14,044

TOTAL REVENUE $118,974

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $5,126

Program Expenses $70,208

Other Expenses $190,205

TOTAL EXPENSES $191,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,974	$308,543	-0.6%
Expenses	$191,205	$263,688	-0.3%
Net Income	$-72,231	$44,855	-2.6%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Brett Walfish	President and Executive Director	80.00	Officer Director	$0	$0	$0
Dr Katie Smirnova	Artistic Director and Board Secreta	80.00	Officer Director	$0	$0	$0
Scott Schutz	Board of Directors	5.00	Director	$0	$0	$0
Philip Setzer	Board of Directors	5.00	Director	$0	$0	$0
Dr Ismar Gomes	Board of Directors	10.00	Director	$0	$0	$0
Stacey Potter	Board of Directors	5.00	Director	$0	$0	$0
Dr Alevtina Smirnova	Board of Directors	10.00	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	$118,974	$191,205	$261,822	$-72,231
2022	$308,543	$263,688	$313,538	$44,855

Rushmore Music Festival