Valley Symphony Association EIN 74-2023813 Form 990 (PDF) Claim this org

Valley Symphony Association

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A nonprofit based in Montrose, CO. It reported about $190K in revenue for 2025. For fiscal year 2025 it reported $190K in revenue, $155K in expenses, and $164K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Montrose, CO
Website
valleysymphony.net
Filings
6 on file (2020–2025)
Revenue
$190KFY2025
Expenses
$155K
Net assets
$164K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  74-2023813 Public charity (501(c)(3)) Montrose, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
A nonprofit based in Montrose, CO. It reported about $190K in revenue for 2025.
Leadership
Jennifer Colton · General Manager · $23K
Money in and out
$190K revenue, $155K expenses
Bottom line
10.8mo operating runway
Where the money goes · FY2025
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $0.35
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +28% vs prior filing year
Donor-funded
67%
of revenue is gifts & grants▲ +172% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$190K
FY2025▲ +42%
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$164K
Program-expense ratioPt IX · col B35%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CValley Symphony Association
EINHdr · item D74-2023813
Principal addressHdr · item CMontrose, CO
WebsiteHdr · item Jvalleysymphony.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
General Manager
$23,183Pt VII · Sec A
Executive Director
$20,345Pt VII · Sec A
Orchestra & Artistic Director
$19,050Pt VII · Sec A
$10,000Pt VII · Sec A
Chorus Director
$4,165Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Colton$23,183
Stephanie Helleckson$20,345$12,000
Troy Raper$19,050$11,000$8,550
Katherine Kristoffersen$10,000$2,000$6,986$3,600$2,400
Mike Kern$4,717$9,433$3,646
Nathan Howe$4,165
Debra Tennapel$458$3,667$1,823
Sandy Sundstrom$3,125$2,850$2,415

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$127K · 67%
Other revenue$63K · 33%
Contributions & grants67%$127K
Other revenue33%$63K
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.35
Program services35%$55K
Total functional expensesLn 25$155K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$164K
Total liabilitiesLn 26$0
Total net assetsLn 32$164K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139K · Operating expenses/yr $155K
10.8 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $127K · Total revenue $190K
67%
Government reliance
not reported
Earned-income share
Program service revenue $44K · Total revenue $190K
23%
Investment reliance
Investment income $151 · Total revenue $190K
+0.08%
Program self-sufficiency
Program service revenue $44K · Total expenses $155K
29%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year $134K
+42%
Net-asset trend (YoY)
End of year $164K · Beginning of year $130K
+27%
Balance sheet
Surplus Margin
Revenue $190K · Expenses $155K
+18%
Liabilities-to-Assets
Total liabilities $0 · Total assets $164K
0%
Net-asset ratio
Net assets $164K · Total assets $164K
100%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Colton · Reported title GENERAL MANAGER · Highest reported compensation $23K · Total expenses $155K
15%
Personnel share
Salaries & benefits $77K · Total expenses $155K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 35%
Revenue growth 42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$547

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$190K revenue · viewing · ⤓ 990 PDF
FY2024$134K revenue · ⤓ 990 PDF
FY2023$121K revenue · ⤓ 990 PDF
FY2022$124K revenue · ⤓ 990 PDF
FY2021$76K revenue · ⤓ 990 PDF
FY2020$16K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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