ROCKY MOUNTAIN ARTS ASSOCIATION

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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

1982

Legal Domicile

Principal Officer

MARCUS TURNER

Phone

3033253959

Tax Period

2024-08-01 to 2025-07-31

ROCKY MOUNTAIN ARTS ASSOCIATION, founded in 1982, is a small nonprofit that reported $703K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $784K exceeded revenue, resulting in a 12% operating deficit.

Mission

BUILDING COMMUNITY THROUGH MUSIC.

Program Service Accomplishments

Program 1

Expenses: $563,558 Revenue: $239,060

THE ORGANIZATIONS MISSION-DRIVEN ARTISTIC PROGRAMMING REACHED OVER 34,000 PEOPLE THROUGH 20 PERFORMANCES ACROSS SIX TICKETED CONCERT CYCLES AND MULTIPLE OUTREACH EVENTS, INCLUDING WORLD AIDS DAY, CSU PRIDE FAMILY DINNER, DU LAVENDER GRADUATION, THE CENTER ON COLFAXS TALENT SHOW, AND GAME-DAY PERFORMANCES WITH THE COLORADO ROCKIES AND COLORADO RAPIDS. BOTH CHORUSES PARTNERED WITH FIVE NONPROFITS, INCLUDING CJRO, ROCKY MOUNTAIN EQUALITY, DENVER HEALTH, GILEAD, AND CONNECT FOR HEALTH CO. CONCERT TICKETS WERE DONATED TO LOCAL NON-PROFITS SUCH AS HOPE GALA PROJECT SAFE HOUSE, COLORADO YOUTH CONGRESS, THE CENTER ON COLFAX, KUVO JAZZ, AND ONE COLORADO. THE BOARD HOSTED CARNIVAL RENDEZVOUS 2025, DRAWING 161 SUPPORTERS AND RAISING FUNDS.

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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 $459,257

Program Service Revenue $239,060

Investment Income $9,403

Other Revenue $-5,169

TOTAL REVENUE $702,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,859

Fundraising Expenses $67,003

Program Expenses $563,558

Other Expenses $509,800

TOTAL EXPENSES $783,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$702,551	$795,117	-0.1%
Expenses	$783,561	$1,013,301	-0.2%
Net Income	$-81,010	$-218,184	-0.6%

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

105

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

$76,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SATTLER	PAST EXECUTI	35.00	Officer	$76,092	$0	$76,092
NATALYA CRUZ-TEIXEIRA	SECRETARY	1.50	Officer Director	$0	$0	$0
ELISABETH DOHERTY	DIRECTOR - D	1.00	Director	$0	$0	$0
EMILY FLEMMING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HESS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEPHEN HUTT	TREASURER	2.50	Officer Director	$0	$0	$0
RYAN MONTOYA	DIRECTOR	12.00	Director	$0	$0	$0
SEAN MONTOYA	DIRECTOR - P	1.00	Director	$0	$0	$0
MATTHEW NILSEN	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA SHORT	DIRECTOR - D	1.00	Director	$0	$0	$0
MARCUS TURNER	CHAIR	10.00	Officer Director	$0	$0	$0
DR CHIPPER DEAN	CURRENT EXEC	40.00	Officer	$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	$702,551	$783,561	$469,895	$-81,010
2024	$795,117	$1,013,301	$564,565	$-218,184
2023	$765,783	$778,676	$766,380	$-12,893
2022	$725,896	$673,602	$778,773	$52,294
2021	$698,124	$253,950	$743,888	$444,174
2020	$690,424	$510,807	$282,417	$179,617
2019	$597,937	$587,736	$129,766	$10,201