Santa Fe Friends of Traditional Music DBA Santa Fe TradFest
Nonprofit profile at a glance
- EIN
- 824749031
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Santa Fe, NM, USA
- Phone
- 5054698141
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $75,918
- Expenses
- $77,554
- Assets
- $24,318
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Greg Neal (President)
- Ron Hale (Vice President)
People named in this filing
- Greg Neal (President)
- Ron Hale (Vice President)
- Monica Sweeney (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Santa Fe Friends of Traditional Music is to celebrate & strengthen traditional music and folk arts in New Mexico, through an annual festival and other opportunities to play, hear, and appreciate traditional music in New Mexico.
What it reported doing in 2025
The major program is the Annual Santa Fe Trad fest Festival held each year the weekend before Labor Day. It is a 3 day music festival that brings listening and educational opportunities for those interested in traditional music, such as bluegrass, old-time, Mariachi, Norteno, Native American, Irish, Baltic Cajun, and more. The contributions and expenses on our Financial Report all mostly all for this event. We do have a small picking/jam party for volunteers as well where we have a potluck and SFFTM provides hamburgers / hot dogs to attendees.
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
- 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. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 81.2%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -2.2%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -2.9% per year; rating input score 0; 40th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -6.5% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 81.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- 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 — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.