Durango, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Music in the Mountains Inc, founded in 1987, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 5% surplus.
To produce an exceptional summer music festival with musicians of the highest caliber, entertain, educate and delight audiences with the richness of classical music, and complement the concerts with a year round education program for youth.
Music in the Mountains entered the 2025 Festival season with strong confidence following the success of 2024. We continued to present our popular free community concert series alongside our...
Music in the Mountains entered the 2025 Festival season with strong confidence following the success of 2024. We continued to present our popular free community concert series alongside our traditional three-week orchestral season, extending the festival to a full four weeks of music-making. The 2025 season marked a milestone year-the first under the artistic leadership of Vadim Gluzman, internationally renowned violinist. It was also the debut of our new festival model, featuring a rotating world-class conductor each season and a progressive performance structure that builds from chamber music to chamber orchestra, culminating in two weekends of full festival orchestra concerts. The new format generated enthusiasm from audiences, musicians, and donors alike. -Fiscal Management & Donor Relations: Management maintained a disciplined focus on expense control while continuing to cultivate strong donor, sponsor, and grant relationships. -Inflationary Pressures: Rising costs across nearly all operational areas-artist fees, production, and administration-had a noticeable impact on the organization's financial position. -Staff & Contractor Retention: We achieved 100% retention in all key positions, including executive director, technical director, orchestra manager and librarian, operations manager, graphic designer, digital marketer, and office volunteers. Maintaining full-time staff year-round increased expenses but significantly improved efficiency and consistency. -Musician Housing Success: The home-host program had a robust year and resulted in significant savings in housing costs while strengthening relationships between visiting musicians and the community. -Financial Position: The current year-end bottom line may appear more favorable than it truly is. As with many performing arts nonprofits, our financial health depends on continued philanthropic support from individuals, corporations, and foundations to sustain artistic excellence and community access. Looking ahead, Festival 2026 will be both a celebration and a milestonethe 40th Anniversary Season of Music in the Mountains. The festival will return to a full three-week orchestral schedule at the Community Concert Hall at Fort Lewis College, complemented by a dedicated week of free community outreach concerts throughout the region. In addition, 2026 will mark the launch of the Music in the Mountains Violin Academy with Vadim Gluzman, a one-week immersive program bringing together exceptional young violinists from around the world. This exciting new educational initiative honors the festival's legacy while investing in the next generation of artists and audiences.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,137,869 | $1,169,809 | 0.0% |
| Expenses | $1,077,440 | $1,057,013 | +0.0% |
| Net Income | $60,429 | $112,796 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Elizabeth Hogan | President | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sheryl Kaufman | Past President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Will Spears | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tiffany Griffith | President-Elect | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tracie Trotter | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Jalkut | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Singer | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Marilyn Swanson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ellynn Ragone | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth Crandall | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Clark Craig | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Debra May | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Susan Flack | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Renee Goodman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Brenda Hight | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Angie Beach | Executive Dir. | 40.00 |
Officer
|
$120,106 | $4,400 | $124,506 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,137,869 | $1,077,440 | $2,215,306 | $60,429 |
| 2024 | $1,169,809 | $1,057,013 | $2,055,700 | $112,796 |
| 2023 | $925,676 | $784,828 | $1,623,821 | $140,848 |
| 2022 | $1,657,044 | $795,683 | $1,471,803 | $861,361 |
| 2021 | $804,583 | $651,380 | $691,665 | $153,203 |
| 2020 | $287,529 | $323,177 | $543,344 | $-35,648 |
| 2019 | $729,961 | $727,225 | $471,140 | $2,736 |
| 2018 | $742,808 | $744,671 | $483,638 | $-1,863 |
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