Killington Music Festival

Nonprofit profile at a glance

EIN
222536452
IRS 990-EZ coverage
2019–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-T 2022
Location
Rutland, VT, USA
Phone
8027734003
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$4,151
Expenses
$137,862
Assets
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • ANN SINGISER (Vice President)
  • BAXTER HOLLAND (President)

People named in this filing

  • ANN SINGISER (Vice President)
  • RICH McCOY (Trustee)
  • BAXTER HOLLAND (President)

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

Provides Music Education through a four week residency program and a summer subscription series of concerts open to the public.

What it reported doing in 2024

The Killington Music Festival, a non-for-profit organization, is the only resident professional classical music organization in central Vermont. Each summer students gather at Killington from institutions such as the Juilliard School of Music, Boston Conservatory, The New England Conservatory, The Manhattan School of Music, Peabody Conservatory, Eastman School of Music and the University of Arizona. These musicians come to the area to play chamber music and to teach students. Performances by the faculty and invited guest artists have made the Festival a mainstay of summer culture in the region. The young musicians who attend the Killington Residency Program are graduate, college and talented high school students. Many of our students, as well as many alumni, are members of chamber groups and orchestras in the United States as well as in other countries.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: 1
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: Limited

Transparency & Controls

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

Sustainability

  • Operating margin: -3,221.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 52.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -5.2% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: -5% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 4 of 4 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.