Steamboat Springs Free Summerconcert Series
Steamboat Springs Free Summer Concert Series operates efficiently with volunteer leadership and strong community revenue.
EIN: 204324040 · Steamboat Spr, CO · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $410K |
| Program Spending | 90% |
| Net Assets | $26K |
| Transparency Score | 92/100 |
Is Steamboat Springs Free Summerconcert Series Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steamboat Springs Free Summerconcert Series directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steamboat Springs Free Summerconcert Series
Steamboat Springs Free Summerconcert Series (EIN: 204324040) is a nonprofit organization based in Steamboat Spr, CO, classified under NTEE code A68. The organization reported total revenue of $429K and total assets of $76K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamboat Springs Free Summerconcert Series's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamboat Springs Free Summerconcert Series is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $410K |
| Surplus / Deficit | +$3K |
| Total Assets | $77K |
| Total Liabilities | $50K |
| Net Assets | $26K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 65.7% |
| Months of Reserves | 2.2 months |
Financial Health Grade: B
In 2023, Steamboat Springs Free Summerconcert Series reported a surplus of $3K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 65.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Steamboat Springs Free Summerconcert Series's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.5% | +26.7% | -10.7% |
| 2022 | +92.5% | +103.1% | +61.7% |
| 2021 | +724.6% | +744.6% | -11.8% |
| 2020 | -94.1% | -93.8% | +0.1% |
| 2019 | +6.8% | -8.0% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Steamboat Springs Free Summerconcert Series with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Steamboat Springs Free Summerconcert Series allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization that directs all funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Steamboat Springs Free Summerconcert Series's IRS 990 filings:
- Fluctuating liabilities, reaching $62,465 in 202212, warrant closer examination of their nature and management.
Strengths
The following positive indicators were identified for Steamboat Springs Free Summerconcert Series:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Strong revenue growth in recent years, with $413,370 in 202312, demonstrating robust community support.
- Long and consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
- Near break-even operations in the latest period ($413,370 revenue vs. $410,371 expenses), showing sound financial management for an event-based nonprofit.
Frequently Asked Questions about Steamboat Springs Free Summerconcert Series
Is Steamboat Springs Free Summerconcert Series a legitimate charity?
Steamboat Springs Free Summerconcert Series (EIN: 204324040) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $429K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Steamboat Springs Free Summerconcert Series spend its money?
Steamboat Springs Free Summerconcert Series directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Steamboat Springs Free Summerconcert Series tax-deductible?
Steamboat Springs Free Summerconcert Series is registered as a tax-exempt nonprofit (EIN: 204324040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Steamboat Springs Free Summerconcert Series's spending goes to programs?
Steamboat Springs Free Summerconcert Series directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Steamboat Springs Free Summerconcert Series compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Steamboat Springs Free Summerconcert Series is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steamboat Springs Free Summerconcert Series located?
Steamboat Springs Free Summerconcert Series is headquartered in Steamboat Spr, Colorado and files with the IRS under EIN 204324040. It is classified under NTEE code A68.
How many years of IRS 990 filings does Steamboat Springs Free Summerconcert Series have?
Steamboat Springs Free Summerconcert Series has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $429K in total revenue.
How does the organization manage its liabilities, especially given the fluctuation in recent years?
Liabilities have fluctuated, reaching $62,465 in 202212 before decreasing to $50,275 in 202312. While these amounts are manageable relative to assets, understanding the nature of these liabilities (e.g., event deposits, vendor payments) would provide more insight into financial management.
What is the primary source of the organization's revenue?
While not explicitly detailed in the provided data, given the nature of a 'Free Summer Concert Series' and its revenue levels, it is highly probable that revenue primarily comes from sponsorships, grants, and individual donations rather than ticket sales.
How does the organization sustain its operations with 0% officer compensation?
The 0% officer compensation suggests that the organization relies heavily on volunteer leadership and potentially has a small, paid operational staff (not considered officers) or outsources specific functions, allowing more funds to be allocated directly to program delivery.
Filing History
IRS 990 filing history for Steamboat Springs Free Summerconcert Series showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamboat Springs Free Summerconcert Series's revenue has grown by 91.4%, moving from $216K to $413K. Total assets increased by 1061.6% over the same period, from $7K to $77K. Total functional expenses rose by 88%, from $218K to $410K. In its most recent filing year (2023), Steamboat Springs Free Summerconcert Series reported a surplus of $3K, with revenue exceeding expenses. The organization holds $50K in liabilities against $77K in assets (debt-to-asset ratio: 65.7%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $413K | $410K | $77K | $50K | — | — |
| 2022 | $294K | $324K | $86K | $62K | — | View 990 |
| 2021 | $153K | $160K | $53K | $0 | — | View 990 |
| 2020 | $19K | $19K | $60K | $420 | — | — |
| 2019 | $312K | $302K | $60K | $0 | — | View 990 |
| 2018 | $293K | $329K | $61K | $11K | — | View 990 |
| 2017 | $302K | $306K | $87K | $500 | — | View 990 |
| 2016 | $231K | $228K | $100K | $9K | — | View 990 |
| 2015 | $318K | $278K | $89K | $2K | — | View 990 |
| 2014 | $273K | $215K | $48K | $83 | — | View 990 |
| 2013 | $217K | $226K | $880 | $11K | — | View 990 |
| 2012 | $249K | $224K | $959 | $2K | — | View 990 |
| 2011 | $216K | $218K | $7K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $413K, expenses of $410K, and assets of $77K (revenue +40.5% year-over-year).
- 2022: Revenue of $294K, expenses of $324K, and assets of $86K (revenue +92.5% year-over-year).
- 2021: Revenue of $153K, expenses of $160K, and assets of $53K (revenue +724.6% year-over-year).
- 2020: Revenue of $19K, expenses of $19K, and assets of $60K (revenue -94.1% year-over-year).
- 2019: Revenue of $312K, expenses of $302K, and assets of $60K (revenue +6.8% year-over-year).
- 2018: Revenue of $293K, expenses of $329K, and assets of $61K (revenue -3.0% year-over-year).
- 2017: Revenue of $302K, expenses of $306K, and assets of $87K (revenue +30.4% year-over-year).
- 2016: Revenue of $231K, expenses of $228K, and assets of $100K (revenue -27.2% year-over-year).
- 2015: Revenue of $318K, expenses of $278K, and assets of $89K (revenue +16.3% year-over-year).
- 2014: Revenue of $273K, expenses of $215K, and assets of $48K (revenue +25.8% year-over-year).
- 2013: Revenue of $217K, expenses of $226K, and assets of $880 (revenue -12.9% year-over-year).
- 2012: Revenue of $249K, expenses of $224K, and assets of $959 (revenue +15.4% year-over-year).
- 2011: Revenue of $216K, expenses of $218K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamboat Springs Free Summerconcert Series:
Data Sources and Methodology
This transparency report for Steamboat Springs Free Summerconcert Series is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.