COLORADO BANDMASTERS ASSOCIATION (EIN 840886848) - 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

1980

Legal Domicile

Principal Officer

EDWARD CANNAVA

Phone

3033287277

Tax Period

2024-01-01 to 2024-12-31

COLORADO BANDMASTERS ASSOCIATION, founded in 1980, is a small nonprofit that reported $500K in total revenue in fiscal year 2024. The organization ran a surplus of $118K, a strong 24% operating margin.

Mission

PROMOTING COMPREHENSIVE MUSIC EDUCATION THROUGH PARTICIPATION AND PERFORMANCE IN BAND

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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 $23,420

Program Service Revenue $470,585

Investment Income $6,064

Other Revenue $0

TOTAL REVENUE $500,069

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,024

Other Expenses $379,809

TOTAL EXPENSES $381,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,069	$474,456	+0.1%
Expenses	$381,809	$381,633	+0.0%
Net Income	$118,260	$92,823	+0.3%

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

N/A

Volunteers

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

$54,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD CANNAVA	EXECUTIVE SECRETARY	16.00	Officer	$15,925	$0	$15,925
RICHARD SHAW	MARCHING AFFAIRS CHAIRMAN	16.00	Officer	$22,000	$0	$22,000
JACK YONCE	CONCERT BAND AFFAIRS CHAIRPERSON	9.00	Officer	$7,850	$0	$7,850
CASEY CROPP	ALL STATE BAND CHAIRMAN	6.00	Officer	$4,400	$0	$4,400
KEVIN WHITELAW	HIGH SCHOOL ALL STATE JAZZ CHAIR	3.00	Officer	$1,500	$0	$1,500
NICK PIERCE	CENTRAL MOUNTAINS REP	3.00	Officer	$0	$0	$0
BECKY PASCHKE	PAST PRESIDENT	3.00	Officer	$0	$0	$0
KATIE KNUTSON	SMALL SCHOOL REP	3.00	Officer	$0	$0	$0
JOSH RACE	SOUTHERN AREA REPRESENTATIVE	3.00	Officer	$0	$0	$0
TRAVIS KELLER	FIRST VICE PRESIDENT	3.00	Officer	$0	$0	$0
HANS SNELL	WESTERN SLOPE AREA REP	3.00	Officer	$0	$0	$0
SHERIDAN MONROE	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
KAREN GREGG	PRESIDENT	3.00	Officer	$0	$0	$0
KATE FLYNN MARGRAVE	SECOND VICE PRESIDENT	3.00	Officer	$0	$0	$0
BRITT SAWYER	NORTHERN AREA REP	3.00	Officer	$0	$0	$0
TYLER VANDERMEER	METRO AREA REP	3.00	Officer	$0	$0	$0
BRYCE MELARAGNO	PRESIDENT ELECT	3.00	Officer	$0	$0	$0
ANDREW HOLCOMBE	MIDDLE SCHOOL REP	3.00	Officer	$0	$0	$0
MIKE GILL	MIDDLE SCHOOL CB FEST CHAR	3.00	Officer	$2,950	$0	$2,950

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	No data	No data	No data	No data
2024	$500,069	$381,809	$601,987	$118,260
2023	$474,456	$381,633	$451,479	$92,823
2022	$405,130	$356,118	$330,603	$49,012
2021	$344,539	$231,372	$269,939	$113,167
2020	$56,527	$99,347	$156,783	$-42,820
2019	$206,033	$239,140	$199,325	$-33,107
2018	$330,950	$346,900	$233,759	$-15,950

COLORADO BANDMASTERS ASSOCIATION