Music Associates Of Aspen Inc: $27.3M Revenue, $21.7M Expenses
Aspen, Colorado · EIN 840445087 · Filing year 2023
Music Associates Of Aspen Inc reported $27.3M in total revenue, $21.7M in total expenses, and $116.9M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $2.2M (8.23% of revenue). NonprofitTruth efficiency grade: D (47/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $27.3M
- Total Expenses
- $21.7M
- Total Assets
- $116.9M
- Reserve Months
- 64.6 months
- Surplus / (Deficit)
- $5.6M
- EIN
- 840445087
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $2.2M
- Officer Comp % of Revenue
- 8.23%
Music Associates Of Aspen Inc pulls a D on the efficiency rubric. The composite of 47/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.
At $27.3M in 2023 revenue, Music Associates Of Aspen Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. On the financial-health factor, Music Associates Of Aspen Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Music Associates Of Aspen Inc reported $27.3M in 2023, up notably from the start of the window. Officer compensation runs notably high relative to organizational size: $2.2M against $27.3M in revenue. This is one of the factors driving the efficiency grade down on the rubric. Music Associates Of Aspen Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Music Associates Of Aspen Inc Compares
Music Associates Of Aspen Inc earns a NonprofitTruth efficiency grade of D (47/100). That is 9 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 8.23% of total revenue. The organization holds 64.6 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Music Associates Of Aspen Inc reported $27.3M in revenue against $21.7M in total functional expenses for filing year 2023, holding roughly 64.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $2.2M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 8.23% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Music Associates Of Aspen Inc has a NonprofitTruth Efficiency Score of D (47/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Music Associates Of Aspen Inc, Donor FAQ
Music Associates Of Aspen Inc has a NonprofitTruth Efficiency Score of D (47/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Music Associates Of Aspen Inc reports $2.2M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 8.23% of the organization's $27.3M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Music Associates Of Aspen Inc reported $27.3M in annual revenue and $21.7M in total expenses for filing year 2023. The organization holds $116.9M in total assets.
Music Associates Of Aspen Inc holds approximately 64.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.
Music Associates Of Aspen Inc is a registered 501(c) organization with EIN 840445087, based in Aspen, Colorado. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.