FOLKWEST INCORPORATED (EIN 841433591) - 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

1998

Legal Domicile

Principal Officer

Crista Munro

Phone

9709462090

Tax Period

2019-01-01 to 2019-12-31

FOLKWEST INCORPORATED, founded in 1998, is a small nonprofit that reported $524K in total revenue in fiscal year 2019. Revenue decreased 12% compared to the prior year.

Mission

FolkWest promotes live acoustic, roots, folk and bluegrass music through its two annual music festivals (Pagosa Folk 'n Bluegrass and the Four Corners Folk Festival) and educational music camp held each June in Pagosa Springs, Colorado. 2019 was its final year operating these festivals and camps.

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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 (2019)

Revenue Breakdown

Contributions & Grants $12,952

Program Service Revenue $510,883

Investment Income $0

Other Revenue $0

TOTAL REVENUE $523,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,259

Fundraising Expenses $0

Program Expenses $541,658

Other Expenses $467,042

TOTAL EXPENSES $549,301

Year-over-Year Comparison

	2019	2018	Change
Revenue	$523,835	$594,620	-0.1%
Expenses	$549,301	$582,123	-0.1%
Net Income	$-25,466	$12,497	-3.0%

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

400

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

$6,800

Total Directors

$42,738

Key Employees

$47,838

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Crista A Munro	Executive Director	40	Director Key Emp Highest	$41,038	$0	$41,038
Daniel J Appenzeller	Event Director & Pres	10	Officer Key Emp	$6,800	$0	$6,800
Ann Marie Bubb	Board Member	5	Director	$1,700	$0	$1,700
Claudia Rosenbaum	Board Member	2	Director	$0	$0	$0
Brian W Smith	Vice President	2	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
2019	$523,835	$549,301	No data	$-25,466
2018	$594,620	$582,123	$37,963	$12,497

FOLKWEST INCORPORATED