FRIENDS OF THE MAJESTIC

EIN: 853675636 501(c)(3)

CRESTED BUTTE, CO

Total Revenue
$708,148
Total Expenses
$801,610
Total Assets
$113,424
Net Assets
$100,642
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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
2020
Legal Domicile
CO
Principal Officer
CAROLYN WALLACE
Phone
9703498955
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE MAJESTIC, founded in 2020, is a small nonprofit that reported $708K in total revenue in fiscal year 2024. Expenses of $802K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ENTERTAIN, EDUCATE, AND INSPIRE THE GUNNISON VALLEY THROUGH NEW MOVIES, LOCAL FILMS, COMMUNITY EVENTS AND COLLABORATIONS.

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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 $31,841
Program Service Revenue $672,399
Investment Income $3,908
Other Revenue $0
TOTAL REVENUE $708,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,084
Fundraising Expenses $80,162
Program Expenses $641,286
Other Expenses $569,526
TOTAL EXPENSES $801,610

Year-over-Year Comparison

2024 2023 Change
Revenue $708,148 $684,563 +0.0%
Expenses $801,610 $704,627 +0.1%
Net Income $-93,462 $-20,064 +3.7%
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
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MORGAN WIENBURG PRESIDENT 1.00
Officer Director
$0 $0 $0
MALCOLM BOYCE BOARD MEMBER 1.00
Director
$0 $0 $0
KAITLYN ARCHAMBAULT BOARD MEMBER 1.00
Director
$0 $0 $0
TREVOR BONA BOARD MEMBER 1.00
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 No data No data No data No data
2024 $708,148 $801,610 $113,424 $-93,462
2023 $684,563 $704,627 $206,023 $-20,064
2022 $465,596 $291,033 $241,711 $174,563
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