CRESTED BUTTE MUSIC FESTIVAL INC (EIN 841374824) - 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

1997

Legal Domicile

Principal Officer

GARY KEISER

Phone

9703497284

Tax Period

2022-10-01 to 2023-06-30

CRESTED BUTTE MUSIC FESTIVAL INC, founded in 1997, is a small nonprofit that reported $150K in total revenue in fiscal year 2022. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $516K exceeded revenue, resulting in a 245% operating deficit.

Mission

TO PROVIDE A WIDE VARIETY OF LIVE MUSIC PERFORMANCES INCLUDING ORCHESTRA, CHAMBER MUSIC, JAZZ, AND BLUEGRASS WHILE PROVIDING AND SUPPORTING MUSIC EDUCATION PROGRAMS FOR ADULTS AND CHILDREN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $103,448

Program Service Revenue $0

Investment Income $46,309

Other Revenue $0

TOTAL REVENUE $149,757

Expense Breakdown

Grants Paid $370,019

Salaries & Benefits $86,298

Fundraising Expenses $11,037

Program Expenses $427,121

Other Expenses $59,936

TOTAL EXPENSES $516,253

Year-over-Year Comparison

	2022	2021	Change
Revenue	$149,757	$452,517	-0.7%
Expenses	$516,253	$610,016	-0.2%
Net Income	$-366,496	$-157,499	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY KEISER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENISE HAWK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WINN	TREASURER	1.00	Officer Director	$0	$0	$0
GLENDA BERTELSMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDY DORF	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBIE REINHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LINDSETH	BOARD MEMBER	1.00	Director	$0	$0	$0
DORA JANE FLESHER	BOARD MEMBER	1.00	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
2023	$149,757	$516,253	No data	$-366,496
2022	$452,517	$610,016	$370,840	$-157,499
2021	$340,716	$445,681	$663,237	$-104,965
2020	$428,368	$471,068	$723,311	$-42,700
2019	$497,470	$654,996	$603,978	$-157,526
2018	$1,375,968	$940,667	$801,287	$435,301

CRESTED BUTTE MUSIC FESTIVAL INC