SWALLOW HILL MUSIC ASSOCIATION

EIN: 840781725 501(c)(3)

DENVER, CO

Total Revenue
$4,930,773
Total Expenses
$5,594,852
Total Assets
$5,226,721
Net Assets
$4,827,475
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CO
Principal Officer
JESSY CLARK
Phone
3037771003
Tax Period
2023-01-01 to 2023-12-31

SWALLOW HILL MUSIC ASSOCIATION, founded in 1979, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $5.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

SWALLOW HILL, FOUNDED IN 1979 AS A NON-PROFIT MUSIC ORGANIZATION, BRINGS LIFE TO CONCERTS, CLASSES AND COMMUNITY ACROSS METRO DENVER. CONTINUED ON SCHEDULE OSWALLOW HILL IS HOME TO THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL WITH 53 FACULTY MEMBERS HOSTING 29,000 VISITS ANNUALLY; PRODUCES 137 CONCERTS BRINGING TOGETHER 45,000 CONCERT GOERS EACH YEAR AND THROUGH COMMUNITY OUTREACH PROGRAMS WHICH CREATES MORE THAN 77,000 MUSIC CONNECTIONS IN UNDER-SERVED COMMUNITIES WORKING IN MORE THAN 25 SCHOOLS AND COMMUNITY ORGANIZATIONS. SWALLOW HILL BRINGS TOGETHER PEOPLE OF ALL AGES TO LEARN ABOUT, LISTEN TO AND PERFORM MUSIC.

Program Service Accomplishments

Program 1
Expenses: $2,603,714 Revenue: $2,329,569

IN 2023, SWALLOW HILL MUSIC PRODUCED 137 CONCERTS BETWEEN THE THREE VENUES AT OUR YALE LOCATION AND OFFSITE LOCATIONS THROUGHOUT DENVER INCLUDING FOUR MILE HISTORIC PARK, THE SUMMER CONCERT SERIES...

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IN 2023, SWALLOW HILL MUSIC PRODUCED 137 CONCERTS BETWEEN THE THREE VENUES AT OUR YALE LOCATION AND OFFSITE LOCATIONS THROUGHOUT DENVER INCLUDING FOUR MILE HISTORIC PARK, THE SUMMER CONCERT SERIES AND EVENINGS AL FRESCO AT DENVER BOTANIC GARDENS. WE ALSO PARTNERED WITH ORGANIZATIONS SUCH AS THE CLYFFORD STILL MUSEUM, CLAYTON EARLY LEARNING AND BUTTERFLY PAVILION TO BOOK AND PROMOTE MUSICAL ACTS FOR THEIR EVENTS. IN TOTAL, THROUGH CONCERT PROGRAMMING, SWALLOW HILL MADE OVER 45,000 MUSICAL CONNECTIONS. OUR CONCERTS HIGHLIGHTED INTERNATIONAL, NATIONAL, AND LOCAL MUSICIANS. WE CONTINUE TO INCREASE OUR COMMITMENT TO NURTURE HOMEGROWN TALENT BY SHOWCASING LOCAL MUSIC IN THE DENVER METRO AREA, AND GROWING BIPOC, FEMME, LGBTQ+ AND DISABLED ARTISTS' AUDIENCES.

Program 2
Expenses: $1,029,339 Revenue: $89,364

AS THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL, WE CONTINUED TO SEE EXCELLENT GROWTH IN OUR SCHOOL IN 2023. OUR PORTFOLIO INCLUDES GROUP CLASSES, PRIVATE LESSONS AND WORKSHOPS, BOTH ONLINE AND...

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AS THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL, WE CONTINUED TO SEE EXCELLENT GROWTH IN OUR SCHOOL IN 2023. OUR PORTFOLIO INCLUDES GROUP CLASSES, PRIVATE LESSONS AND WORKSHOPS, BOTH ONLINE AND IN PERSON, TAUGHT BY 53 INSTRUCTORS WHO ARE ALSO PROFESSIONAL MUSICIANS. WE CONTINUE TO RESHAPE OUR PROGRAMMING OFFERINGS TO REFLECT THE DIVERSE ROOTS OF FOLK MUSIC AND THE CHANGING POPULATION OF THE DENVER METRO AREA. BY THE END OF THE YEAR, WE HAD GROWN TO OFFER 640 PROGRAMS TO OVER 2100 UNIQUE STUDENTS TO ESTABLISH MORE THAN 29,000 MUSICAL CONNECTIONS.

Program 3
Expenses: $503,291 Revenue: $877,682

TO MAKE MUSIC ACCESSIBLE, WE OFFER MUSIC EDUCATION AND PROGRAMS IN UNDER-RESOURCED COMMUNITIES IN THE METRO AREA. OUR PROGRAMMING INCLUDES LITTLE SWALLOWS, EARLY CHILDHOOD EDUCATION, INFUSED WITH...

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TO MAKE MUSIC ACCESSIBLE, WE OFFER MUSIC EDUCATION AND PROGRAMS IN UNDER-RESOURCED COMMUNITIES IN THE METRO AREA. OUR PROGRAMMING INCLUDES LITTLE SWALLOWS, EARLY CHILDHOOD EDUCATION, INFUSED WITH MUSIC FOR PRESCHOOLERS, WHERE SWALLOW HILL PARTNERS WITH SCHOOLS AND ORGANIZATIONS WITH A MAJORITY OF STUDENTS THAT QUALIFY FOR FREE AND REDUCED-PRICED LUNCH AND/OR HEADSTART SUPPORT, AND HAVE HIGH DIVERSITY AMONG STUDENTS. WE STARTED 2023 IN 96 CLASSROOMS ACROSS 22 SCHOOLS AND BY YEAR-END, WE HAD PARTNERED WITH 121 CLASSROOMS IN 25 SCHOOLS FOR OVER 77,000 MUSICAL CONNECTIONS BUT OUR ABILITY TO GROW THE PROGRAM HAS BEEN LIMITED BY AVAILABLE FUNDING. WE ALSO OFFER WORKSHOPS AND INTERACTIVE PERFORMANCES IN K-12 SCHOOLS, MUSIC THERAPY FOR VETERANS, AND PEOPLE LIVING WITH DEVELOPMENTAL OR MENTAL HEALTH CHALLENGES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,495,704
Program Service Revenue $3,223,536
Investment Income $138,081
Other Revenue $73,452
TOTAL REVENUE $4,930,773

Expense Breakdown

Grants Paid $75,291
Salaries & Benefits $2,814,297
Fundraising Expenses $518,055
Program Expenses $4,136,344
Other Expenses $2,705,264
TOTAL EXPENSES $5,594,852

Year-over-Year Comparison

2023 2022 Change
Revenue $4,930,773 $3,957,533 +0.2%
Expenses $5,594,852 $4,325,072 +0.3%
Net Income $-664,079 $-367,539 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
110
Volunteers
118

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
6
$299,501
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY ZABEL MEMBER 1.00
Director
$0 $0 $0
JIM LEONARD MEMBER 2.00
Director
$0 $0 $0
WALT DEHAVEN CHAIR 2.00
Officer Director
$0 $0 $0
LORI FOX SECRETARY 1.00
Officer Director
$0 $0 $0
KYLE HARRIS TREASURER 2.00
Officer Director
$0 $0 $0
DAVE RATNER VICE CHAIR 2.00
Officer Director
$0 $0 $0
GAVIN O'TOOLE MEMBER 1.00
Director
$0 $0 $0
ROB SILK MEMBER 1.00
Director
$0 $0 $0
AENGUS FINNAN CEO 40.00
Officer
$178,935 $7,759 $186,694
KOME MULLER CFO 40.00
Officer
$112,638 $169 $112,807
JESSICA CLARK COO 40.00
Highest
$128,297 $7,844 $136,141
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 $4,930,773 $5,594,852 $5,226,721 $-664,079
2022 $3,957,533 $4,325,072 $5,658,881 $-367,539
2021 $6,402,960 $2,251,411 $6,215,784 $4,151,549
2020 $2,400,293 $2,677,457 $2,671,626 $-277,164
2019 $6,614,644 $6,543,539 $2,477,030 $71,105
2018 $5,707,036 $5,887,704 $2,400,370 $-180,668
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