DENVER MUSICIANS ASSOCIATION LOCAL 20-623 (EIN 840187630) - 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

1966

Legal Domicile

Principal Officer

ANDY HOLMES

Phone

3035731717

Tax Period

2023-01-01 to 2023-12-31

DENVER MUSICIANS ASSOCIATION LOCAL 20-623, founded in 1966, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $319K left a modest 4% surplus.

Mission

THROUGH THE COMBINED EFFORTS AND RESOURCES OF OUR MEMBERS, THE DENVER MUSICIANS ASSOCIATION IS COMMITTED TO RAISING INDUSTRY STANDARDS AND POSITIONING PROFESSIONAL MUSICIANS IN THE FOREGROUND OF THE CULTURAL LANDSCAPE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $282,903

Investment Income $49,989

Other Revenue $0

TOTAL REVENUE $332,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,595

Fundraising Expenses $0

Program Expenses $181,958

Other Expenses $194,799

TOTAL EXPENSES $319,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,892	$359,335	-0.1%
Expenses	$319,394	$336,044	0.0%
Net Income	$13,498	$23,291	-0.4%

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

N/A

Employees

Volunteers

N/A

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

$71,565

Total Directors

$16,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY HOLMES	PRESIDENT	1.00	Officer Director	$11,732	$0	$11,732
DAVID BRUSSELL	SECRETARY	1.00	Officer Director	$0	$0	$0
RON BLAND	VICE PRESIDENT & TREASURER	1.00	Officer Director	$0	$0	$0
GREGORY HARPER	BOARD MEMBER	1.00	Director	$4,930	$0	$4,930
MIRIAM KAPNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SHURACK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ALLEN	FORMER PRESIDENT/COO	40.00	Officer	$59,833	$0	$59,833

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
2024	No data	No data	No data	No data
2023	$332,892	$319,394	$1,497,747	$13,498
2022	$359,335	$336,044	$1,355,939	$23,291
2021	$342,590	$364,686	$1,549,497	$-22,096
2020	$195,359	$301,101	$1,514,825	$-105,742
2019	$318,003	$368,463	$1,538,451	$-50,460
2018	$300,107	$309,062	$1,421,972	$-8,955

DENVER MUSICIANS ASSOCIATION LOCAL 20-623