Durango Meltdown
Nonprofit profile at a glance
- EIN
- 841432572
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024, Form 990-T 2024, Form 990-N 2021
- Location
- Durango, CO, USA
- Phone
- 9709038083
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $105,670
- Expenses
- $110,458
- Assets
- $46,305
- Liabilities
- $2,910
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JENNY HIRT (PRESIDENT)
People named in this filing
- JENNY HIRT (PRESIDENT)
- TOMMY FREDERICO (VICE-PRESIDE)
- JOHN LYNCH (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
The meltdown's mission is to promote the growth and preservation of bluegrass music as an original art form of american folk art by presenting public festivals, performances, workshops, and other events of an educational and participatory nature.
What it reported doing in 2024
The durango bluegrass meltdown was founded in 1995 by several bluegrass enthusiasts. We are a volunteer-led non-profit organization promoting bluegrass music through an annual bluegrass festival every april and through our meltdown kids music outreach programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 100
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.5%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $110K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2014 to 2024
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Operating margin scored 23/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.