Colorado Springs Philharmonic Orchestra (EIN 743091110) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

Nathan Newbrough

Phone

7195759632

Tax Period

2024-08-01 to 2025-07-31

Colorado Springs Philharmonic Orchestra, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 3% surplus.

Mission

To inspire, enrich, and connect our community through the transformative power of live orchestral music.

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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 $2,492,256

Program Service Revenue $2,391,498

Investment Income $104,695

Other Revenue $42,252

TOTAL REVENUE $5,030,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,245,205

Fundraising Expenses $283,347

Program Expenses $4,103,323

Other Expenses $1,629,804

TOTAL EXPENSES $4,875,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,030,701	$3,763,808	+0.3%
Expenses	$4,875,009	$4,198,518	+0.2%
Net Income	$155,692	$-434,710	-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

Governance

Voting Members

Independent Members

Employees

219

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

$364,121

Total Directors

$212,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Newbrough	President and CEO	45.00	Officer Director	$176,159	$22,501	$198,660
Deb Mahan	Chair	5.00	Officer Director	$0	$0	$0
Pamela Shockley-Zalabak	Chair through September 2024	5.00	Officer Director	$0	$0	$0
Erin Hannan	Vice Chair	5.00	Officer Director	$0	$0	$0
Wanda Anderson	Secretary	5.00	Officer Director	$0	$0	$0
Ingrid Richter	Treasurer	5.00	Officer Director	$0	$0	$0
Sarah Balian	Director	5.00	Director	$0	$0	$0
Frank Caris	Director	5.00	Director	$0	$0	$0
Anthony Carlson	Director	5.00	Director	$0	$0	$0
Frank DeLay	Director	5.00	Director	$0	$0	$0
Chris Jenkins	Director	5.00	Director	$0	$0	$0
Christina Martinez	Director	5.00	Director	$0	$0	$0
David Siegel	Director	5.00	Director	$0	$0	$0
Lynn Stone	Director	5.00	Director	$0	$0	$0
Jeremy Van Hoy	Director	5.00	Director	$13,672	$0	$13,672
Ken Montera	Director through September 2024	5.00	Director	$0	$0	$0
Al Buettner	Director through September 2024	5.00	Director	$0	$0	$0
Bill Cosper	Director through September 2024	5.00	Director	$0	$0	$0
Michael Hanson	Director through September 2024	5.00	Director	$0	$0	$0
Cathy Holaday	Director through September 2024	5.00	Director	$0	$0	$0
Lance Miller	Director through September 2024	5.00	Director	$0	$0	$0
Sally Sharpe	Director through September 2024	5.00	Director	$0	$0	$0
Herman Tiemens	Director through September 2024	5.00	Director	$0	$0	$0
John Street	Director through September 2024	5.00	Director	$0	$0	$0
Margaret Sabin	Director through September 2024	5.00	Director	$0	$0	$0
Robin Goldberg	Director through September 2024	5.00	Director	$0	$0	$0
Dolly Wong	Director through September 2024	5.00	Director	$0	$0	$0
Mario R Rede	Chief Financial Officer	32.00	Officer	$80,865	$0	$80,865
Lynn Holladay	Chief Operating Officer	40.00	Officer	$82,254	$2,342	$84,596

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	$5,030,701	$4,875,009	$4,370,443	$155,692
2024	$3,763,808	$4,198,518	$3,981,092	$-434,710
2023	$3,954,243	$3,960,432	$4,231,938	$-6,189
2022	$4,242,254	$3,265,787	$4,657,722	$976,467
2021	$1,751,968	$1,287,014	$3,792,415	$464,954
2020	$4,126,507	$3,860,056	$3,297,384	$266,451
2019	$4,145,195	$3,995,444	$2,692,255	$149,751

Colorado Springs Philharmonic Orchestra