COLORADO SPRINGS CONSERVATORY FOUNDATION (EIN 841502211) - 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

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.

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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 (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

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

$108,015

Total Directors

$108,015

Key Employees

Highest Compensated

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

COLORADO SPRINGS CONSERVATORY FOUNDATION