VELVET HILLS CHAPTER OF SWEET ADELINES INTERNATIONAL

EIN: 846045475 501(c)(3) Arts, Culture & Humanities

COLORADO SPRINGS, CO

Total Revenue
$172,996
Total Expenses
$142,128
Total Assets
$400,358
Net Assets
$383,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
CO
Principal Officer
PAULA NICKODEMUS
Phone
7196944795
Tax Period
2025-05-01 to 2026-04-30

VELVET HILLS CHAPTER OF SWEET ADELINES INTERNATIONAL, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $31K, a strong 18% operating margin.

Mission

THE PURPOSE FOR WHICH THIS CHAPTER IS FORMED IS TO PERPETUATE AND ENHANCE THE BARBERSHOP MUSIC ART FORM THROUGH EDUCATION, THEREBY BENEFITING LOCAL COMMUNITIES BY FURTHERING THEIR ARTISTIC ENRICHMENT.

Program Service Accomplishments

Program 1
Expenses: $135,862 Revenue: $134,790

TRAINING MEMBERS TO SING FOUR-PART HARMONY. APPROXIMATELY 63 ACTIVE MEMBERS WHOM SING PRIVATELY AND PUBLICLY TO PROMOTE INTEREST IN BARBERSHOP HARMONY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $34,468
Program Service Revenue $0
Investment Income $3,738
Other Revenue $134,790
TOTAL REVENUE $172,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,200
Fundraising Expenses $0
Program Expenses $135,862
Other Expenses $117,928
TOTAL EXPENSES $142,128

Year-over-Year Comparison

2025 2024 Change
Revenue $172,996 $195,308 -0.1%
Expenses $142,128 $246,454 -0.4%
Net Income $30,868 $-51,146 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
60

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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA NICKODEMUS FINANCE COORDINATOR 2.00
Director
$0 $0 $0
JADYN CHRISTIAN DIAZ DIRECTOR (MUSICAL) 10.00
Director
$0 $0 $0
JILL SEVITS COMMUNICATIONS COORDINATOR 10.00
Director
$0 $0 $0
MEGAN BANNING BARBER EVENTS COORDINATOR 2.00
Director
$0 $0 $0
VILMA ORTIZ VERGNE PERFORMANCE COORDINATOR 2.00
Director
$0 $0 $0
ROBIN BENNETT TEAM COORDINATOR 2.00
Director
$0 $0 $0
DONNA TYREE PUBLIC RELATIONS 2.00
Director
$0 $0 $0
KRISTI QUINN MEMBERSHIP COORDINATOR 2.00
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
2026 $172,996 $142,128 $400,358 $30,868
2025 $195,308 $246,454 $357,676 $-51,146
2024 $188,744 $140,474 $406,528 $48,270
2023 $179,950 $147,403 $361,262 $32,547
2022 $131,144 $86,901 $327,883 $44,243
2021 $93,882 $67,036 $282,142 $26,846
2020 $164,885 $96,005 $255,200 $68,880
2019 $142,703 $94,860 $191,809 $47,843
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