BOULDER, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO INSPIRE AND CONNECT COMMUNITY MEMBERS OF ALL AGES BY PROVIDING ACCESS TO THE BEST OF THE WORLD'S MUSIC THROUGH EDUCATION AND PERFORMANCE.
THE COLORADO MUSIC FESTIVAL HELD AN IN-PERSON FESTIVAL AT CHAUTAUQUA AUDITORIUM. ARTISTICALLY, THE FESTIVAL WAS A SPECTACULAR SUCCESS, RECEIVING YET ANOTHER MAJOR REVIEW IN THE WALL STREET JOURNAL...
THE COLORADO MUSIC FESTIVAL HELD AN IN-PERSON FESTIVAL AT CHAUTAUQUA AUDITORIUM. ARTISTICALLY, THE FESTIVAL WAS A SPECTACULAR SUCCESS, RECEIVING YET ANOTHER MAJOR REVIEW IN THE WALL STREET JOURNAL AND A FEATURE STORY IN THE STRAD. TICKET SALES FOR THE FESTIVAL WERE POSITIVE AND THE ORGANIZATION EXCEEDED OUR BUDGETED GOALS. THE PIANO REIGNED SUPREME AS THE MOST POPULAR CONCERTS INCLUDED THE RETURN OF FESTIVAL FAVORITE OLGA KERN, PIANIST AND MOZART DUO PIANO REPERTOIRE PERFORMED BY THE INCOMPARABLE NAUGHTON (IDENTICAL TWIN) SISTERS. THE FESTIVAL GALA, ALSO FEATURING THE NAUGHTON SISTERS AS SPECIAL GUESTS, WAS THE MOST SUCCESSFUL EVER. THE FESTIVAL ORCHESTRA PERFORMED UNDER A CBA FOR THE FIRST TIME, HAVING OFFICIALLY UNIONIZED. NEGOTIATIONS WERE VERY AMICABLE AND THE ORCHESTRA COMMITTEE WAS EVEN FEATURED AS A COVER STORY ON THE INTERNATIONAL MUSICIAN PERIODICAL DISTRIBUTED BY THE AMERICAN FEDERATION OF MUSICIANS IN CELEBRATION OF THIS SUCCESS. THE ORGANIZATION AND MUSICIANS HAVE SINCE ADOPTED A MULTI-YEAR CBA. OTHER PRESS INCLUDED MORE THAN 68 UNIQUE MENTIONS AND STORIES IN PUBLICATIONS AND TELEVISED SPOTS ACROSS THE WORLD.
THE CENTER FOR MUSICAL ARTS HAD ITS MOST SUCCESSFUL YEAR EVER AS IT CONTINUED TO SEE GROWTH IN PRIVATE LESSON AND ENSEMBLE ENROLLMENT. FACULTY MEMBER ALEX SIERRA WAS NAMED THE WINNER OF THE FACULTY...
THE CENTER FOR MUSICAL ARTS HAD ITS MOST SUCCESSFUL YEAR EVER AS IT CONTINUED TO SEE GROWTH IN PRIVATE LESSON AND ENSEMBLE ENROLLMENT. FACULTY MEMBER ALEX SIERRA WAS NAMED THE WINNER OF THE FACULTY INSPIRATION AWARD BY THE 2023 WINNER MICHAEL QUAM. THE TINY STAGE WAS FEATURED IN MANY LOCAL FESTIVALS AND CELEBRATIONS, BOASTING THE PRESENTATION OF MUSICAL PERFORMANCES TO OVER 20,000 INDIVIDUALS IN THE REGION. WHILE THE STUDENT LOUNGE SAW A REFRESH WITH NEW PAINT AND FURNITURE, AN OFFICE SPACE WAS ALSO TRANSITIONED INTO A LESSON STUDIO AS THE BUILDING IS REACHING MAXIMUM CAPACITY ON SEVERAL WEEKDAY AFTERNOONS. THE FOUNDERS HALL SPACE HAS ALSO SEEN A MAJOR UPTICK IN USAGE WITH OUR OWN STUDENT AND FACULTY RECITALS, CMA CONCERT SERIES AND A NUMBER OF OUTSIDE RENTALS INCLUDING PEER ARTS ORGANIZATIONS AND PUBLIC SCHOOLS. THE ORGANIZATION MERGED WITH THE COLORADO MUSIC FESTIVAL ENDOWMENT IN 2024, IN CONJUNCTION WITH INCREASED EMPHASIS ON FUNDRAISING FOR PAY EQUITY, BUILDING RESERVE FUNDS, SPECIAL PROJECTS AND INCREASING FOCUS ON LEGACY GIVING. THE ORGANIZATION HIRED AN OUTSIDE FUNDRAISING CONSULTANT TO RUN A CAMPAIGN WITH THE EXPECTATION OF ANNOUNCING THE CAMPAIGN PUBLICALLY IN THE SPRING OF 2025. THE MERGER COMES WITH THE ADDITION OF SEVERAL NEW POLICIES INVOLVING INVESTMENT AND GIFT ACCEPTANCE. ADVANCE 2025 FESTIVAL TICKET SALES AND SPONSORSHIPS ARE TRACKING POSITIVELY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare COLORADO MUSIC FESTIVAL & CENTER FOR MUSICAL ARTS with other nonprofits in Colorado and across the country.