COLORADO MUSIC FESTIVAL & CENTER FOR MUSICAL ARTS (EIN 840735716) - 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

1976

Legal Domicile

Principal Officer

ELIZABETH MCGUIRE

Phone

3036650599

Tax Period

2024-01-01 to 2024-12-31

COLORADO MUSIC FESTIVAL & CENTER FOR MUSICAL ARTS, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 29% operating margin.

Mission

TO INSPIRE AND CONNECT COMMUNITY MEMBERS OF ALL AGES BY PROVIDING ACCESS TO THE BEST OF THE WORLD'S MUSIC THROUGH EDUCATION AND PERFORMANCE.

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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 $3,923,100

Program Service Revenue $1,270,217

Investment Income $-3,019

Other Revenue $-23,950

TOTAL REVENUE $5,166,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,792,848

Fundraising Expenses $525,178

Program Expenses $2,868,071

Other Expenses $1,639,955

TOTAL EXPENSES $3,661,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,166,348	$3,356,945	+0.5%
Expenses	$3,661,163	$3,304,648	+0.1%
Net Income	$1,505,185	$52,297	+27.8%

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

189

Volunteers

100

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

$131,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HEETER	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID BRUNEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY JONES	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE BEER	SECRETARY	2.00	Officer Director	$0	$0	$0
NORMA EKSTRAND	TRUSTEE	1.00	Director	$0	$0	$0
DOREE HICKMAN	TRUSTEE	1.00	Director	$0	$0	$0
CARYL KASSOY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN KRAMPF	TRUSTEE	1.00	Director	$0	$0	$0
COATES SAMUELSON	TRUSTEE	1.00	Director	$0	$0	$0
AMY HARTMAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHY KROL	TRUSTEE	1.00	Director	$0	$0	$0
KATHY CZERNY	TRUSTEE	1.00	Director	$0	$0	$0
JOE ROMANO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MCGUIRE	EXECUTIVE DIRECTOR	40.00	Officer	$122,363	$8,756	$131,119

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	$5,166,348	$3,661,163	$3,404,066	$1,505,185
2023	$3,356,945	$3,304,648	$1,688,806	$52,297
2022	$2,370,712	$3,277,233	$1,617,794	$-906,521
2021	$3,012,496	$2,747,516	$2,219,616	$264,980
2020	$1,810,145	$1,856,293	$1,802,019	$-46,148
2019	$2,792,458	$2,496,885	$1,730,116	$295,573
2018	$2,175,612	$2,096,380	$1,544,205	$79,232

COLORADO MUSIC FESTIVAL & CENTER FOR MUSICAL ARTS