Colorado Springs Philharmonic Foundation (EIN 825487882) - 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

2018

Legal Domicile

Principal Officer

Thayer Tutt

Phone

7195759632

Tax Period

2024-08-01 to 2025-07-31

Colorado Springs Philharmonic Foundation, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 60% operating margin.

Mission

To raise funds and acquire assets, both real and personal, that will provide financial assistance to the Colorado Springs Philharmonic Orchestra.

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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 $140,837

Program Service Revenue $0

Investment Income $188,875

Other Revenue $0

TOTAL REVENUE $329,712

Expense Breakdown

Grants Paid $132,455

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,455

Other Expenses $0

TOTAL EXPENSES $132,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,712	$267,308	+0.2%
Expenses	$132,455	$109,441	+0.2%
Net Income	$197,257	$157,867	+0.2%

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
Thayer Tutt	CSPF Chair	2.00	Officer Director	$0	$0	$0
Deb Mahan	CSP Chair	2.00	Director	$0	$0	$0
Pamela Shockley-Zalabak	CSP Chair through September 2024	2.00	Director	$0	$0	$0
Susan Edmondson	Secretary	2.00	Officer Director	$0	$0	$0
Julianna Bond	Treasurer (part year)	2.00	Officer Director	$0	$0	$0
Bruce Kopper	Treasurer (part year)	2.00	Officer Director	$0	$0	$0
Rob Brasch	CSP Treasurer	2.00	Director	$0	$0	$0
Bill Cosper	Trustee	2.00	Director	$0	$0	$0
Frank DeLay	Trustee	2.00	Director	$0	$0	$0
Mary Osborne	Trustee through September 2024	2.00	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
2025	$329,712	$132,455	$4,314,928	$197,257
2024	$267,308	$109,441	$4,017,013	$157,867
2022	$164,177	$69,086	$2,235,830	$95,091

Colorado Springs Philharmonic Foundation