Cormont Music (EIN 020494634) - 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

1997

Legal Domicile

Principal Officer

Gretchen Zook

Phone

3124518402

Tax Period

2024-01-01 to 2024-12-31

Cormont Music, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $279K in total revenue in fiscal year 2024.

Mission

To promote music, in particular, the art of horn playing through education, performance, and publishing.

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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 $35,122

Program Service Revenue $239,540

Investment Income $4,402

Other Revenue $0

TOTAL REVENUE $279,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,081

Fundraising Expenses $0

Program Expenses $265,754

Other Expenses $223,185

TOTAL EXPENSES $285,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,064	$278,913	+0.0%
Expenses	$285,266	$260,514	+0.1%
Net Income	$-6,202	$18,399	-1.3%

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

Employees

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

$10,100

Total Directors

$45,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA GERHARDT	Operations Dir	10.00	Director	$14,900	$0	$14,900
MARGARET MORAN	Executive Dir.	10.00	Director	$14,600	$0	$14,600
BERNHARD DAVID SCULLY	Artistic Dir	6.00	Officer Director	$8,200	$0	$8,200
JESSE MCCORMICK	Assoc Art Dir	4.00	Director	$6,200	$0	$6,200
Lin Foulk Baird	Director	1.00	Officer Director	$1,900	$0	$1,900
Gretchen Zook	CO-Treasurer	10.00	Director	$0	$0	$0
Allen Fogle	Vice President	5.00	Officer Director	$0	$0	$0
STEVEN EDDINS	Director	3.00	Director	$0	$0	$0
Mary Alred	Director	3.00	Director	$0	$0	$0
JG Miller	President	5.00	Officer Director	$0	$0	$0
Janet Oliver	Director	3.00	Director	$0	$0	$0
Susan Zollers	CO-Treasurer	5.00	Officer 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	$279,064	$285,266	$195,572	$-6,202
2023	$278,913	$260,514	$197,922	$18,399
2022	$200,650	$193,740	$171,765	$6,910
2021	$78,974	$125,486	$166,202	$-46,512
2020	$240,197	$112,031	$213,076	$128,166
2019	$129,000	$500	No data	$128,500
2018	$233,450	$195,902	$85,656	$37,548

Cormont Music