COLUMBUS MUSIC AND ART ACADEMY (EIN 010764547) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ILYA UTKIN

Phone

6147899392

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS MUSIC AND ART ACADEMY, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $249K left a modest 6% surplus.

Mission

OUR MISSION IS TO EMPOWER CHILDREN THROUGH HIGH-QUALITY MUSIC AND ART EDUCATION. OUR CHOIR WON THE WORLD CHOIR GAMES, PERFORMED IN THE WHITE HOUSE, CARNEGIE HALL AND ST. PETER BASILLICA IN VATICAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,550

Program Service Revenue $259,571

Investment Income $4,551

Other Revenue $0

TOTAL REVENUE $265,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,500

Fundraising Expenses $0

Program Expenses $248,772

Other Expenses $127,272

TOTAL EXPENSES $248,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,672	$327,173	-0.2%
Expenses	$248,772	$347,001	-0.3%
Net Income	$16,900	$-19,828	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$121,500

Total Directors

$121,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TATIANA KATS	EXEC DIRECTO	40.00	Officer Director	$79,500	$0	$79,500
ILYA UTKIN	SEC/TREASURE	N/A	Officer Director	$42,000	$0	$42,000
SIMA GALINSKY	DIRECTOR	N/A	Director	$0	$0	$0
NINA POLONSKY	DIRECTOR	N/A	Director	$0	$0	$0
IRINA UTKINA	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$265,672	$248,772	$158,163	$16,900
2023	$327,173	$347,001	$172,909	$-19,828
2022	$339,527	$317,603	$192,737	$21,924
2021	$200,280	$191,034	$170,813	$9,246
2020	$287,325	$334,658	$161,733	$-47,333
2019	$385,034	$340,270	$210,569	$44,764
2018	$346,439	$369,710	$169,071	$-23,271

COLUMBUS MUSIC AND ART ACADEMY