FOLKWEST INCORPORATED

EIN: 841433591 501(c)(3)

Sisters, OR

Total Revenue
$523,835
Total Expenses
$549,301
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CO
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

The mission of FolkWest is to culturally and economically benefit the community of Pagosa Springs, Colorado and the surrounding region with cultural tourism through the production of two roots music festivals and an educational music camp.

Program Service Accomplishments

Program 1
Expenses: $331,555 Revenue: $328,974

The 24th annual Four Corners Folk Festival took place over Labor Day weekend and featured nationally touring folk, acoustic, bluegrass and Americana artists including Billy Strings, The Earls of...

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The 24th annual Four Corners Folk Festival took place over Labor Day weekend and featured nationally touring folk, acoustic, bluegrass and Americana artists including Billy Strings, The Earls of Leicester, Amy Helm, Darrell Scott, Molly Tuttle, The Mammals and more. The event had a 3-day attendance of just over 9,800 people.

Program 2
Expenses: $195,989 Revenue: $178,194

The 14th Annual Pagosa Folk 'N Bluegrass festival was held June 7-9, 2019. The musical lineup included 13 international, national and regional acts who performed and taught traditional folk...

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The 14th Annual Pagosa Folk 'N Bluegrass festival was held June 7-9, 2019. The musical lineup included 13 international, national and regional acts who performed and taught traditional folk, bluegrass and old time music to an all-ages audience. Musical lineup included the Del McCoury Band, The Travelin' McCourys, Sierra Hull, Kate Lee & Forest O'Connor and more.

Program 3
Expenses: $14,114 Revenue: $16,668

The Pagosa Springs Bluegrass Jam Camps were held June 4-6, 2019, immediately preceding the Pagosa Folk 'N Bluegrass festival. Camp was attended by 70 students from beginner to intermediate, who...

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The Pagosa Springs Bluegrass Jam Camps were held June 4-6, 2019, immediately preceding the Pagosa Folk 'N Bluegrass festival. Camp was attended by 70 students from beginner to intermediate, who participated in intensive instructional sessions culminating in a camp performance for family and friends on the festival stage.

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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 (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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Governance

Voting Members
5
Independent Members
5
Employees
16
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
2
$6,800
Total Directors
3
$42,738
Key Employees
2
$47,838
Highest Compensated
1
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
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