COLORADO SPRINGS CONSERVATORY FOUNDATION

EIN: 841502211 501(c)(3) Arts, Culture & Humanities

COLORADO SPRINGS, CO

Total Revenue
$2,510,504
Total Expenses
$1,222,629
Total Assets
$1,639,721
Net Assets
$1,521,681
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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
CO
Principal Officer
NATHAN HALVORSON
Phone
7195774556
Tax Period
2024-07-01 to 2025-06-30

COLORADO SPRINGS CONSERVATORY FOUNDATION, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 51% operating margin.

Mission

THE MISSION OF THE COLORADO SPRINGS CONSERVATORY IS TO INSPIRE, MOTIVATE, AND CHALLENGE ALL STUDENTS TO ASPIRE TO THEIR HIGHEST POTENTIAL AS ARTISTS AND AS HUMAN BEINGS THROUGH ARTS IMMERSION STUDIES AND COMMUNITY ARTS ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $940,362 Revenue: $501,073

THE COLORADO SPRINGS CONSERVATORY (CSC) IS THE PIKES PEAK REGION'S ONLY PERFORMING ARTS CONSERVATORY, OFFERING WORLD-CLASS IMMERSION STUDIES IN INSTRUMENTAL MUSIC, VOCALS, MUSIC THEORY, COMPOSITION...

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THE COLORADO SPRINGS CONSERVATORY (CSC) IS THE PIKES PEAK REGION'S ONLY PERFORMING ARTS CONSERVATORY, OFFERING WORLD-CLASS IMMERSION STUDIES IN INSTRUMENTAL MUSIC, VOCALS, MUSIC THEORY, COMPOSITION, THEATER ARTS, RECORDING ARTS, DANCE, MOVEMENT, HISTORY, AND HUMANITIES TO YOUNG PEOPLE AGES 3-19; THE CONSERVATORY PROMOTES ADVOCACY AND LEADERSHIP THROUGH ITS OUTREACH OF MUSIC EDUCATION AND ART EVENTS IN THE COLORADO SPRINGS COMMUNITY. THE CONSERVATORY OBTAINS GRANTS AND CHARITABLE CONTRIBUTIONS IN SUPPORT OF ITS OPERATIONS; IN ADDITION, THE CONSERVATORY PROVIDES SCHOLARSHIPS TO STUDENTS BASED ON FINANCIAL NEEDS.

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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 $359,045
Program Service Revenue $501,073
Investment Income $1,503,218
Other Revenue $147,168
TOTAL REVENUE $2,510,504

Expense Breakdown

Grants Paid $35,273
Salaries & Benefits $732,533
Fundraising Expenses $102,004
Program Expenses $940,362
Other Expenses $454,823
TOTAL EXPENSES $1,222,629

Year-over-Year Comparison

2024 2023 Change
Revenue $2,510,504 $819,860 +2.1%
Expenses $1,222,629 $1,172,916 +0.0%
Net Income $1,287,875 $-353,056 -4.6%
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

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Governance

Voting Members
8
Independent Members
7
Employees
43
Volunteers
22

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
3
$108,015
Total Directors
8
$108,015
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLA ROARK CHARIMAN 5.00
Officer Director
$0 $0 $0
JOSH FRANKLIN VICE CHAIR 5.00
Officer Director
$0 $0 $0
MICHELLE TALARICO DIRECTOR AT LARGE 5.00
Director
$0 $0 $0
CJ MOORE DIRECTOR AT LARGE 5.00
Director
$0 $0 $0
CHRISTINE O'BRIEN DIRECTOR AT LARGE 5.00
Director
$0 $0 $0
JOAN SELMAN DIRECTOR AT LARGE 5.00
Director
$0 $0 $0
NATHAN HALVORSON CEO 50.00
Officer Director
$108,015 $0 $108,015
MIKE EDMONDS DIRECTOR AT LARGE 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 $2,510,504 $1,222,629 $1,639,721 $1,287,875
2024 No data No data No data No data
2023 $1,087,726 $1,234,286 $1,526,223 $-146,560
2022 $1,404,217 $1,223,273 $1,521,938 $180,944
2021 $1,279,698 $1,274,696 $1,562,704 $5,002
2020 $1,177,879 $1,273,891 $1,636,819 $-96,012
2019 $1,251,365 $1,330,649 $1,635,382 $-79,284
2018 $1,391,282 $1,393,335 $1,739,489 $-2,053
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