Colorado Springs Youth Symphony Association

EIN: 841109579 501(c)(3)

Colorado Springs, CO

Total Revenue
$1,115,720
Total Expenses
$895,080
Total Assets
$1,145,503
Net Assets
$591,556
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CO
Principal Officer
Deborah Liles
Phone
7196333901
Tax Period
2024-07-01 to 2025-06-30

Colorado Springs Youth Symphony Association, founded in 1980, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $221K, a strong 20% operating margin.

Mission

The mission of the association is to provide for the artistic and educational development of young people within the Pikes Peak region by offering high quality and diverse musical experiences which enrich the cultural environment of the community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $76,504
Program Service Revenue $620,550
Investment Income $6,333
Other Revenue $412,333
TOTAL REVENUE $1,115,720

Expense Breakdown

Grants Paid $15,541
Salaries & Benefits $437,758
Fundraising Expenses $141,416
Program Expenses $532,506
Other Expenses $441,781
TOTAL EXPENSES $895,080

Year-over-Year Comparison

2024 2023 Change
Revenue $1,115,720 $1,538,199 -0.3%
Expenses $895,080 $1,548,666 -0.4%
Net Income $220,640 $-10,467 -22.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
21
Volunteers
50

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
5
$154,950
Total Directors
12
$120,782
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Nicholson Music Director 40.00
Officer Director
$80,782 $0 $80,782
Shannon Jones Treasurer 40.00
Officer Director
$40,000 $0 $40,000
Deborah Liles Executive Dir. 40.00
Officer
$34,168 $0 $34,168
Cheryl Schwartz President 5.00
Officer Director
$0 $0 $0
Gary Foote Board Member 5.00
Director
$0 $0 $0
Melissa Foster Vice President 5.00
Officer Director
$0 $0 $0
Amanda Schroeder Board Member 5.00
Director
$0 $0 $0
Stephen Hock Board Member 5.00
Director
$0 $0 $0
Nancy Pittman Board Member 5.00
Director
$0 $0 $0
David Schwartz Secretary 5.00
Director
$0 $0 $0
Bruce Latimer Board Member 5.00
Director
$0 $0 $0
Ninet Sinaii Board Member 5.00
Director
$0 $0 $0
Jennifer Dahle-Mesaether Board Member 5.00
Director
$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
2025 $1,115,720 $895,080 $1,145,503 $220,640
2024 $1,538,199 $1,548,666 $1,031,846 $-10,467
2023 $805,161 $824,099 $995,347 $-18,938
2022 $1,302,663 $1,329,032 $987,834 $-26,369
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