Creede Musical Arts Collective Inc

Nonprofit profile at a glance

EIN
881088771
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Creede, CO, USA
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$137,345
Expenses
$135,464
Assets
$30,663

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Megan Marino (Executive Director)
  • Michael Mayes (President of the Board of Directors)

People named in this filing

  • Megan Marino (Executive Director)
  • Michael Mayes (President of the Board of Directors)
  • Emily Murdock (Secretary & Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Spanning the infinite genres of Musical Arts the mission of Creede Musical Arts Collective is to contribute to & diversify the musical experiences available in the region by inviting prominent Musical Artists to share their talents in residency within the community through live performances and educational experiences.

What it reported doing in 2024

Educational & Interactive Programs: CMAC formally launched its educational programming in 2023 and it has quickly become a community favorite. In 2024 our Masterclasses & Working Sessions provided direct access to visiting artists through group classes private and small group sessions typically 12 hours each. Offerings ranged from traditional masterclasses to informal artist talkbacks and sharings of works-in-progress giving participants a deeper window into the creative process. Attendance has been especially strong among adults aged 50+ fulfilling a need consistently voiced in our audience feedback. Building on this success we will introduce weekly group voice classes beginning summer 2025 welcoming participants of all ages genres and abilities. We will also continue to offer artist-led sessions tailored to specific disciplines. New additions this season include instrument maintenance classes and sound bath cave yoga expanding our reach and continuing to bridge music with wellness and craft. Our childrens programming Melody Makers & Shakers has grown from a single concert into a multi-event series combining performance and hands-on exploration. These joyful events bring generations together and foster early engagement through group singing movement and musical storytelling. This summer were adding instrument petting zoos and create-your-own-instrument workshops in partnership with renowned watercolor artist Stephen Quillers Creede Center for the Artsencouraging curiosity and creativity in our youngest community members. In 2024 we held 11 educational and or interactive events and served 122 people.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.4%; rating input score 98
  • Program expense ratio: 99.7%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.4%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 98.4% of revenue deployed · 99.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.