POWERS MUSIC SCHOOL INC (EIN 042580633) - 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

1975

Legal Domicile

Principal Officer

EVAN LOUDEN

Phone

6174844696

Tax Period

2023-09-01 to 2024-08-31

POWERS MUSIC SCHOOL INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 10% surplus.

Mission

TO PROVIDE MEMBERS OF THE COMMUNITY AND STUDENTS OF ALL AGES WITHACCESS TO THE HIGHEST CALIBER OF MUSIC EDUCATION AND INSTRUCTIONPROGRAMS THAT FOSTER A LIFELONG APPRECIATION OF MUSIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $447,874

Program Service Revenue $1,819,514

Investment Income $132,582

Other Revenue $0

TOTAL REVENUE $2,399,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,592,427

Fundraising Expenses $97,729

Program Expenses $1,609,105

Other Expenses $579,531

TOTAL EXPENSES $2,171,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,399,970	$2,157,104	+0.1%
Expenses	$2,171,958	$2,061,418	+0.1%
Net Income	$228,012	$95,686	+1.4%

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

Total Directors

$18,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Evan Louden	President	5.00	Officer Director	$0	$0	$0
Karen Gut	Secretary	2.00	Officer Director	$0	$0	$0
Wenjie Hu	Treasurer	2.00	Officer Director	$0	$0	$0
Elaine Dimopoulos	Vice President(As of 6/30/24)	1.00	Officer Director	$0	$0	$0
Chris Wright	Vice President (Until 6/30/24)	1.00	Officer Director	$0	$0	$0
Laura Barnes	Director	1.00	Director	$0	$0	$0
Steve Cohen	Director	1.00	Director	$0	$0	$0
Amy Crafts	Director	1.00	Director	$0	$0	$0
Sarah Freiberg	Director	1.00	Director	$18,008	$0	$18,008
Shannah Frankam	Director	1.00	Director	$0	$0	$0
THOMAS G FARRELL	Executive Director	40.00	Highest	$135,212	$0	$135,212

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	$2,399,970	$2,171,958	$4,231,747	$228,012
2023	$2,157,104	$2,061,418	$3,968,190	$95,686
2022	$1,839,349	$1,725,160	$1,962,924	$114,189
2021	$1,651,220	$1,589,670	$2,311,881	$61,550
2020	$1,679,664	$1,722,897	$2,008,446	$-43,233

POWERS MUSIC SCHOOL INC