ROCKY RIDGE MUSIC CENTER FOUNDATION

EIN: 846035931 501(c)(3)

BOULDER, CO

Total Revenue
$662,741
Total Expenses
$879,958
Total Assets
$847,137
Net Assets
$684,029
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
CO
Principal Officer
GABE RACZ
Phone
9705864031
Tax Period
2023-10-01 to 2024-09-30

ROCKY RIDGE MUSIC CENTER FOUNDATION, founded in 1955, is a small nonprofit that reported $663K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $880K exceeded revenue, resulting in a 33% operating deficit.

Mission

ROCKY RIDGE MUSIC EXISTS TO ELEVATE THE MUSICIAN INSIDE EACH OF US TO THE HIGHEST LEVEL THROUGH A UNIQUE, HOLISTIC APPROACH - MEETING EVERY STUDENT WHERE THEY ARE, HELPING THEM TO LEARN, CREATE, ENJOY, AND SUPPORT MUSIC - ULTIMATELY MAKING ALL OF US MORE FULFILLED AS HUMANS.

Program Service Accomplishments

Program 1
Expenses: $678,075 Revenue: $457,518

SUMMER SEMINARS MUSIC INSTRUCTIONYOUTH PROGRAMS ROCKY RIDGE MUSIC CENTER'S YOUTH PROGRAM OFFERS EVERYTHING FROM HALF HOUR LESSONS TO A MONTH-LONG RESIDENTIAL MUSIC INTENSIVE FOR COLLEGE STUDENTS AT...

Read more

SUMMER SEMINARS MUSIC INSTRUCTIONYOUTH PROGRAMS ROCKY RIDGE MUSIC CENTER'S YOUTH PROGRAM OFFERS EVERYTHING FROM HALF HOUR LESSONS TO A MONTH-LONG RESIDENTIAL MUSIC INTENSIVE FOR COLLEGE STUDENTS AT ITS ESTES PARK LOCATION. DURING THE FOUR WEEKS OF COLLEGE INTENSIVE, STUDENTS BETWEEN THE AGES 18 TO 24 RECEIVE TWO WEEKLY PRIVATE LESSONS, PERFORM SIX SOLO AND CHAMBER CONCERTS, DELVE DEEPLY INTO ADVANCED CHAMBER MUSIC AND PERFORM FOR THEIR PEERS AND THE PUBLIC AT OUR HISTORIC CONCERT HALL AND IN THE COMMUNITY. IN ADDITION, COLLEGE STUDENTS ATTEND PANEL DISCUSSIONS ABOUT THE MUSIC INDUSTRY, AND TAKE PART IN MOCK AUDITIONS AND RECEIVE FEEDBACK FROM SEASONED ORCHESTRAL MUSICIANS. IN TWO WEEKS OF JUNIOR MUSIC PROGRAMS, STUDENTS BETWEEN THE AGES 10 TO 17 HONE THEIR SKILLS AND DEVELOP THEIR UNIQUE MUSICAL VOICES THROUGH COMPOSITION, ENSEMBLES, PERFORMANCE, AND PRIVATE TUTORIALS. ADDITIONALLY, STUDENTS COLLABORATE TO COMPOSE A NEW ORCHESTRAL WORK FOR THE FINAL CONCERT. JUNIOR ARTIST COMPOSERS RECEIVE READINGS BY FACULTY AS WELL AS PREMIERE PERFORMANCE AND RECORDING OF THEIR WORKS. THEY ALSO HAVE THE OPTION TO CHALLENGE THEMSELVES FURTHER THROUGH STUDY OF ADVANCED CLASSICAL REPERTOIRE. WE HAVE ALSO ADDED TWO NEW ENTRY LEVEL JUMPSTART PROGRAM FOR STUDENTS AGES 10 TO 15 TO GIVE THEM AN INTRODUCTION AND HEAD-START TO PARTICIPATING IN THEIR SCHOOL ORCHESTRA PROGRAMS. THE "JAZZ FROM A TO Z" IS A ONE WEEK SEMINAR FOR STUDENTS OF ALL LEVELS, AGES 13-18 TO DIVE INTO THE PERFORMANCE, THEORY, AND HISTORY OF JAZZ. WE ADDED THE MARIACHI PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS TO DIVERISIFY OUR PROGRAMS AND SERVE LOW-INCOME FAMILIES THROUGH TUITION-FREE SUPPORT. WE WORK WITH A NUMBER OF COMMUNITY PARTNERS TO IDENTIFY TALENTED STUDENTS AND FAMILIES IN NEED OF FULL SUPPORT TO BE ABLE TO PARTICIPATE.ADULT PROGRAMS THE ADULT PIANO SEMINAR AT THE ESTES PARK CAMPUS PRODUCES TWO, FIVE DAY SEMINARS WHICH OFFER ADULTS OF ALL LEVELS TO ADVANCE THEIR SKILLS THROUGH LESSONS, MASTER CLASSES, LECTURES & WORKSHOPS WITH PROFESSIONAL PIANO INSTRUCTORS WHO ARE WORLD-CLASS PERFORMERS. CHAMBERRE-IN-THE-ROCKIES OFFERS AMATEUR STRING PLAYERS A COMMUNITY OF LIKE-MINDED PEERS WHO ENJOY PLAYING CHAMBER MUSIC OVER ONE TO FIVE DAYS, AND FORMING LIFE-LONG FRIENDSHIPS THROUGH SHARED LOVE OF MUSIC.

Program 2
Expenses: $42,071

PRESERVATION OF OUR HISTORIC FACILITY.PRESERVATION AND MODERNIZATION OF OUR HISTORICAL CAMPUS IS AN ONGOING EFFORT AND PART OF OUR BOARD'S FOCUS. OUR FACILITY WAS HOMESTEADED AND CONSTRUCTED AS AN...

Read more

PRESERVATION OF OUR HISTORIC FACILITY.PRESERVATION AND MODERNIZATION OF OUR HISTORICAL CAMPUS IS AN ONGOING EFFORT AND PART OF OUR BOARD'S FOCUS. OUR FACILITY WAS HOMESTEADED AND CONSTRUCTED AS AN INN IN THE EARLY 1900S, OCCUPIED BY ROCKY RIDGE SINCE 1951, AND WAS DECLARED A NATIONAL HISTORIC DISTRICT IN THE EARLY 1990S. THE RUSTIC HISTORIC FEEL IS INTEGRAL TO THE INTIMATE, PERSONAL NATURE OF OUR MUSIC EDUCATION EXPERIENCE. NATURE AND COMMUNITY ARE PART OF OUR MISSION STATEMENT AND THE SMALL STUDENT BODY AND THE CLOSE COMMUNAL LIVING IN RUSTIC CABINS REINFORCE THE MUTUAL SUPPORT THE STUDENTS FEEL FOR EACH OTHER'S ACCOMPLISHMENTS. THUS, IT IS IMPERATIVE THAT WE PRESERVE THE HISTORIC NATURE OF OUR FACILITY WHILE CAREFULLY MODERNIZING IT TO MEET CURRENT SAFETY CODES AND STUDENT EXPECTATIONS. BY MODERNIZING OUR CAMPUS, OUR GOAL IS TO KEEP THE ACCOMMODATIONS COMFORTABLE FOR TODAY'S STUDENTS' EXPECTATIONS - BOTH ADULT AND YOUTH - SO THAT OUR PROGRAM AND THE FACILITY CONTINUE AND PROSPER. IT HAS ALSO BEEN NECESSARY TO BRING THE FACILITY UP TO CURRENT SAFETY CODES WHICH WE HAVE ACCOMPLISHED. WE ARE CAREFUL TO KEEP THE HISTORIC AESTHETIC OF OUR CAMPUS IN THESE MODERNIZATIONS. WE BEGAN MODERNIZATION IN THE EARLY 1990S WHEN THE OWNER/FOUNDER TURNED THE ORGANIZATION OVER TO A VOLUNTEER IRS SEC 501(C)(3) BOARD. GRANTS FROM THE STATE HISTORICAL FUND (SHF) WERE CRUCIAL IN GETTING THE PROCESS STARTED BY ADDRESSING THE TWO MAJOR BUILDINGS AT THE HEART OF THE CAMPUS. LATER SHF GRANTS HELPED RESTORE 3 CABINS. IT HAS BEEN A LONG PROCESS TO CATCH UP, AND THEN MATCH, THE STANDARDS OF MODERN CODES AND STUDENT EXPECTATIONS, AND IT IS ONGOING. FOR EXAMPLE IN 2018 AND 2019 WE REPLACED THE SECOND OF THREE SEPTIC SYSTEMS, WINTERIZED ONE CABIN FOR YEAR-ROUND LIVING FOR SEASONAL STAFF, AND INSTALLED THE WATER/SEWAGE INFRASTRUCURE AND ADDED A BATHROOM TO A CABIN. WE ARE NOW REPLACING OUR WATER FILTRATION SYSTEM THAT PROCESSES SURFACE WATER FOR OUR CAMP.

Program 3
Expenses: $924 Revenue: $517

MUSICAL ACADEMIES IN BOULDERTHE MUSIC ACADEMY OFFERS OUTREACH PROGRAMS IN PARTNERSHIP WITH PUBLIC SCHOOLS AND SPECIAL SEMINARS AND CONCERTS AT THE YEAR-ROUND LOCATION IN BOULDER DOWNTOWN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $162,304
Program Service Revenue $458,035
Investment Income $16,386
Other Revenue $26,016
TOTAL REVENUE $662,741

Expense Breakdown

Grants Paid $122,434
Salaries & Benefits $403,234
Fundraising Expenses $94,575
Program Expenses $721,070
Other Expenses $354,290
TOTAL EXPENSES $879,958

Year-over-Year Comparison

2023 2022 Change
Revenue $662,741 $759,407 -0.1%
Expenses $879,958 $765,929 +0.1%
Net Income $-217,217 $-6,522 +32.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
75
Volunteers
6

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
$96,425
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT COHEN TRUSTEE 1.00
Director
$0 $0 $0
ANNE BERKOWITCH TRUSTEE 1.00
Director
$0 $0 $0
GARY THORNTON LEFT IN FY24 TRUSTEE 1.00
Director
$0 $0 $0
LENA PARENYAK LEFT IN FY24 TRUSTEE 1.00
Officer Director
$0 $0 $0
KRISTEN PENNY LEFT IN FY24 TRUSTEE 1.00
Officer Director
$0 $0 $0
MELVINA CARRICK PRESIDENT 5.00
Officer Director
$0 $0 $0
JESSICA TOLMACH VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
GABE RACZ TREASURER 1.00
Officer Director
$0 $0 $0
SOYOUNG LEE EXEC. DIRECTOR 40.00
Officer
$96,425 $0 $96,425
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
2024 $662,741 $879,958 $847,137 $-217,217
2023 $759,407 $759,179 $1,077,717 $228
2022 $607,668 $697,725 $1,080,577 $-90,057
2021 $932,652 $636,062 $1,192,992 $296,590
2020 $418,151 $645,081 $1,029,752 $-226,930
2019 $809,671 $978,678 $1,068,429 $-169,007
2018 $868,798 $927,852 $1,213,317 $-59,054
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ROCKY RIDGE MUSIC CENTER FOUNDATION with other nonprofits in Colorado and across the country.