MUSIC ASSOCIATES OF ASPEN INC

EIN: 840445087 501(c)(3) Arts, Culture & Humanities

ASPEN, CO

Total Revenue
$43,274,223
Total Expenses
$25,744,551
Total Assets
$155,191,841
Net Assets
$147,338,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
CO
Principal Officer
ALAN FLETCHER
Phone
9702055041
Tax Period
2024-10-01 to 2025-09-30

MUSIC ASSOCIATES OF ASPEN INC, founded in 1954, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $43.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.5M, a strong 41% operating margin.

Mission

THE ASPEN MUSIC FESTIVAL & SCHOOL BRINGS TOGETHER THE FINEST MUSIC STUDENTS, ARTIST FACULTY AND PERFORMERS TO CREATE TRANSFORMATIVE EDUCATIONAL EXPERIENCES WITHIN A COMMUNITY OF ARTISTIC INTEGRITY AND INNOVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,929,265
Program Service Revenue $8,266,056
Investment Income $9,523,267
Other Revenue $-444,365
TOTAL REVENUE $43,274,223

Expense Breakdown

Grants Paid $3,803,794
Salaries & Benefits $6,940,503
Fundraising Expenses $1,153,813
Program Expenses $20,255,111
Other Expenses $15,000,254
TOTAL EXPENSES $25,744,551

Year-over-Year Comparison

2024 2023 Change
Revenue $43,274,223 $38,581,566 +0.1%
Expenses $25,744,551 $24,352,841 +0.1%
Net Income $17,529,672 $14,228,725 +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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Liquidity & Cash Position

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Governance

Voting Members
48
Independent Members
36
Employees
165
Volunteers
30

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
8
$604,140
Total Directors
0
$0
Key Employees
7
$1,575,500
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE/FACULTY 5.00
$46,010 $0 $46,010
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$43,563 $0 $43,563
N/A TRUSTEE/FACULTY 5.00
$16,735 $0 $16,735
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$45,715 $0 $45,715
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$35,760 $0 $35,760
N/A TRUSTEE/FACULTY 5.00
$41,419 $0 $41,419
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$19,100 $0 $19,100
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$38,500 $0 $38,500
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$20,150 $0 $20,150
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE/FACULTY 5.00
$40,140 $0 $40,140
N/A TRUSTEE/FACULTY 5.00
$23,600 $0 $23,600
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
ALAN FLETCHER PRESIDENT & CEO 40.00
Officer
$573,908 $30,232 $604,140
ALEXANDRA MUNROE TRUSTEE/CHAIR 0.00
Officer
$0 $0 $0
MICHAEL KLEIN TRUSTEE/VICE CHAIR 0.00
Officer
$0 $0 $0
CHARLES WALL TRUSTEE/VICE CHAIR 0.00
Officer
$0 $0 $0
SARAH BROUGHTON TRUSTEE/SECRETARY 0.00
Officer
$0 $0 $0
SAM BROWN TRUSTEE/TREASURER 0.00
Officer
$0 $0 $0
ROBERT J HURST TRUSTEE 0.00
Officer
$0 $0 $0
CARRIE WELLS TRUSTEE 0.00
Officer
$0 $0 $0
KATE NORTHFIELD LANICH VP AND GENERAL MANAGER 40.00
Key Emp
$166,226 $20,183 $186,409
AZUSA CHAPMAN VP AND DEAN OF STUDENTS 40.00
Key Emp
$169,387 $10,082 $179,469
PAUL GIBB CFO 40.00
Key Emp
$193,445 $22,974 $216,419
AUSTIN STEWART VP ADVANCEMENT 40.00
Key Emp
$156,216 $10,000 $166,216
LAURA SMITH VP MARKETING/COMM. 40.00
Key Emp
$211,871 $28,032 $239,903
PATRICK CHAMBERLAIN VP ARTISTIC ADMIN. 40.00
Key Emp
$222,378 $19,896 $242,274
JENNIFER B ELLIOT SR VP FINANCE/ADMIN 40.00
Key Emp
$313,678 $31,132 $344,810
FREDERICK GRUETER MANAGER OF INFORMATION SER 40.00
Highest
$119,843 $16,419 $136,262
LENOR LEEDS ASSOCIATE VP FOR ADVANCEME 40.00
Highest
$133,667 $21,340 $155,007
MATTHEW BERGDAHL DIRECTOR OF FACILITIES 40.00
Highest
$112,482 $11,619 $124,101
HEATHER STANTON VP OF EDUCATION AND COMMUNITY PROGRAMMING 40.00
Highest
$108,239 $17,861 $126,100
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 $43,274,223 $25,744,551 $155,191,841 $17,529,672
2024 $38,581,566 $24,352,841 $137,694,664 $14,228,725
2023 $27,334,728 $21,718,321 $116,943,884 $5,616,407
2022 $15,977,169 $20,635,622 $107,953,322 $-4,658,453
2021 $22,688,530 $17,270,602 $125,000,117 $5,417,928
2020 $8,481,131 $9,867,299 $112,700,014 $-1,386,168
2019 $17,974,227 $22,716,238 $112,915,104 $-4,742,011
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