Symphony in the Valley
Nonprofit profile at a glance
- EIN
- 841265543
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Glenwood Springs, CO, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $75,623
- Expenses
- $57,446
- Assets
- $70,372
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Ruth Mollman (President)
- Sharon Young (Vice-President)
People named in this filing
- Ruth Mollman (President)
- Sharon Young (Vice-President)
- Jessica Junker (Secretary)
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
Symphony in the Valley provides a group setting for area musicians to express themselves artistically to create another source for performing arts; to foster and encourage the study of music by our youth; to enrich the spirit and pride of all residents and all musicians in this area through public performance; and to add to the quality of life by offering accessible and affordable concerts that are appealing to all ages and walks of life.
What it reported doing in 2024
Instrument Gifting Program - Provide instruments for under-privileged students who otherwise would not be able to participate in their schools music programs. - 25 students
Operating model
- Revenue model
- Donor-supported. 71% 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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.1%; rating input score 56
- Program expense ratio: 73.9%; rating input score 74
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: 24%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 1.23; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 65.5%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 56.1% of revenue deployed · 73.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $42K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 7 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 1/100.