STRINGS MUSIC FESTIVAL (EIN 841101995) - 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

1988

Legal Domicile

Principal Officer

ELISSA GREENE

Tax Period

2023-10-01 to 2024-09-30

STRINGS MUSIC FESTIVAL, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $853K, a strong 21% operating margin.

Mission

TO PRESENT INNOVATIVE PROGRAMS OF DISTINCTIVE MUSIC IN AN INTIMATE AND FRIENDLY SETTING TO AUDIENCES OF ALL AGES, ENHANCING THE CULTURAL, EDUCATIONAL AND ENTERTAINMENT EXPERIENCES OF THE COMMUNITY OF NORTHWEST COLORADO AND ITS VISITORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,636,826

Program Service Revenue $1,315,527

Investment Income $947,696

Other Revenue $122,059

TOTAL REVENUE $4,022,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,099,857

Fundraising Expenses $237,841

Program Expenses $2,512,693

Other Expenses $2,068,992

TOTAL EXPENSES $3,168,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,022,108	$2,735,876	+0.5%
Expenses	$3,168,849	$3,178,994	0.0%
Net Income	$853,259	$-443,118	-2.9%

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

Volunteers

N/A

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

$159,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISSA GREENE	EXEC DIRECTOR	40.00	Officer Highest	$159,800	$0	$159,800
BRAD IVERSEN	DIRECTOREXEC COMMITTEE	1.00	Director	$0	$0	$0
ERIC WILSON	DIRECTOREXECUTIVE COMMITTE	1.00	Director	$0	$0	$0
SUSAN LARSON	DIRECTOREXEC COMMITTEE	1.00	Director	$0	$0	$0
DEBBIE GRISAMORE	DIRECTOR	1.00	Director	$0	$0	$0
ROB PERLMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN HUNTSMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CUSENBARY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WASSERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM BRONNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LUND	DIRECTOR	1.00	Director	$0	$0	$0
VERNE LUNDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
DARLINDA BALDINGER	DIRECTOREXEC COMMITTEE	1.00	Director	$0	$0	$0
CHRIS KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
TED KAHN	CHAIREXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
SCOTT MARR	VICE CHAIREXEC COMMITTEE	1.00	Officer Director	$0	$0	$0
PHIL RODICK	TREASUREREXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
LESLIE MORACE	SECRETARY	40.00	Officer	$0	$0	$0

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	$4,022,108	$3,168,849	$9,512,807	$853,259
2023	$2,735,876	$3,178,994	$8,865,957	$-443,118
2022	$3,020,708	$2,845,102	$9,153,103	$175,606
2021	$2,301,723	$2,257,031	$9,630,765	$44,692
2020	$1,185,343	$1,542,546	$8,909,223	$-357,203

STRINGS MUSIC FESTIVAL