ROCKY MOUNTAIN SONGWRITER FESTIVALS INC

EIN: 814771929 501(c)(3) Arts, Culture & Humanities

RED LODGE, MT

Total Revenue
$365,088
Total Expenses
$350,912
Total Assets
$96,061
Net Assets
$57,650
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MT
Principal Officer
CAROL KIRBY
Phone
4066905988
Tax Period
2023-01-01 to 2023-12-31

ROCKY MOUNTAIN SONGWRITER FESTIVALS INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2023. Expenses of $351K left a modest 4% surplus.

Mission

TO PROVIDE OPPORTUNITIES FOR PEOPLE TO LEARN, GROW AND HEAL THROUGH MUSIC AND SONGWRITING. THESE POPULATIONS INCLUDE INDIVIDUALS PURSUING A CAREER IN MUSIC THROUGH EDUCATIONAL SCHOLARSHIPS AND SUPPORTING LOCAL SCHOOL MUSIC PROGRAMS WITH GRANTS.THE ROCKY MOUNTAIN SONGWRITER FESTIVALS PROGRAMS ARE THE PRODUCTION OF SONGWRITER FESTIVALS FOR THE PURPOSE OF PROMOTING THE ART OF SONGWRITING, TOURISM IN OUR HOST COMMUNITIES, AND SUPPORT MUSIC EDUCATION IN OUR PUBLIC SCHOOLS AND UNIVERSITIES. THE PROGRAMS INCLUDE SONG WRITING CONTESTS, PUBLIC PERFORMANCES, AND CLASSES FOR ASPIRING SONGWRITERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,811
Program Service Revenue $127,043
Investment Income $0
Other Revenue $33,234
TOTAL REVENUE $365,088

Expense Breakdown

Grants Paid $27,058
Salaries & Benefits $36,000
Fundraising Expenses $7,324
Program Expenses $314,590
Other Expenses $287,854
TOTAL EXPENSES $350,912

Year-over-Year Comparison

2023 2022 Change
Revenue $365,088 $339,003 +0.1%
Expenses $350,912 $338,095 +0.0%
Net Income $14,176 $908 +14.6%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
120

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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA LORD Director 1.00
Director
$0 $0 $0
JAYNE LAWRENCE Sec/Treasurer 2.00
Director
$0 $0 $0
MIKE BOOTH Director 2.00
Director
$0 $0 $0
JAMES DEAN HICKS Director 1.00
Director
$0 $0 $0
TERA REYNOLDS Vice President 1.00
Director
$0 $0 $0
CARI K KLEPPER Director 1.00
Director
$0 $0 $0
ERYNNE SELK Director 1.00
Director
$0 $0 $0
CAROL KIRBY Chairman 2.00
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
2023 $365,088 $350,912 $96,061 $14,176
2022 $339,003 $338,095 $68,936 $908
2021 $262,480 $239,502 $60,452 $22,978
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