INSPIRE ARTS AND MUSIC INC (EIN 043081057) - 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

1990

Legal Domicile

Principal Officer

DAVID LAFOND

Phone

6172684600

Tax Period

2024-10-01 to 2025-09-30

INSPIRE ARTS AND MUSIC INC, founded in 1990, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024.

Mission

YOUTH ACTIVITY-MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR CHILDREN & YOUNG ADULTS AGE 6-21.

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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 $1,497,700

Program Service Revenue $3,002,176

Investment Income $-23,182

Other Revenue $423,735

TOTAL REVENUE $4,900,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,295,004

Fundraising Expenses $35,810

Program Expenses $4,480,783

Other Expenses $3,647,795

TOTAL EXPENSES $4,942,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,900,429	$4,908,339	0.0%
Expenses	$4,942,799	$4,808,986	+0.0%
Net Income	$-42,370	$99,353	-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

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

$339,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN MCGEE	PRESIDENT, EXECUTIVE COMMITTEE	2.83	Officer Director	$0	$0	$0
KIM MITCHELL-POTTER	VICE PRESIDENT, EXECUTIVE COMMITTEE	12.27	Officer Director	$0	$0	$0
DAVID SIMON	TREASURER, EXECUTIVE COMMITTEE	5.77	Officer Director	$0	$0	$0
JEFF BAJGOT	SECRETARY, EXECUTIVE COMMITTEE	3.85	Officer Director	$0	$0	$0
JEFF BICKFORD	DIRECTOR	0.38	Director	$0	$0	$0
SHIGE BROWN	DIRECTOR	0.92	Director	$0	$0	$0
JOHN CAMPESE	DIRECTOR	0.31	Director	$0	$0	$0
GRETCHEN CHAMBERLAIN	DIRECTOR	0.77	Director	$0	$0	$0
JULIA CICHOWSKI	DIRECTOR	0.73	Director	$0	$0	$0
JIM CRONIN	DIRECTOR, EXECUTIVE COMMITTEE	0.79	Director	$0	$0	$0
KAREN DILLARD	DIRECTOR	1.29	Director	$0	$0	$0
JENNIFER GOLD	DIRECTOR, EXECUTIVE COMMITTEE	12.50	Director	$0	$0	$0
MELISSA GREER	DIRECTOR, EXECUTIVE COMMITTEE	1.08	Director	$0	$0	$0
ANIL GUPTA	DIRECTOR	0.49	Director	$0	$0	$0
ROB HARDY	DIRECTOR	17.81	Director	$0	$0	$0
KELLY HART	DIRECTOR	2.38	Director	$0	$0	$0
DAVE HEALEY	DIRECTOR	0.42	Director	$0	$0	$0
CHARLIE JACCO	DIRECTOR, EXECUTIVE COMMITTEE	1.92	Director	$0	$0	$0
MIKE KELLEY	DIRECTOR	4.62	Director	$0	$0	$0
NICK KLESARIS	DIRECTOR	0.54	Director	$0	$0	$0
DAVE LAFOND	DIRECTOR	4.15	Director	$0	$0	$0
JAMES LAZARO	DIRECTOR	0.27	Director	$0	$0	$0
CHRIS MADAIO	DIRECTOR, EXECUTIVE COMMITTEE	2.12	Director	$0	$0	$0
JOSH MALATE	DIRECTOR	0.62	Director	$0	$0	$0
BRENT MCDONALD	DIRECTOR	1.72	Director	$0	$0	$0
ROB MCGILL	DIRECTOR	1.44	Director	$0	$0	$0
JIM O'NEIL	DIRECTOR	1.32	Director	$0	$0	$0
DENISE PURVIS	DIRECTOR	0.27	Director	$0	$0	$0
JON RANDALL	DIRECTOR	2.75	Director	$0	$0	$0
DAVE REYNOLDS	DIRECTOR	2.88	Director	$0	$0	$0
CHUCK ROSSI	DIRECTOR, EXECUTIVE COMMITTEE	2.40	Director	$0	$0	$0
NICK RUTHMANN	DIRECTOR	0.23	Director	$0	$0	$0
JACK SHALLOW	DIRECTOR	2.12	Director	$0	$0	$0
JOHN SHEA	DIRECTOR	2.00	Director	$0	$0	$0
LISA SILIPIGNO	DIRECTOR	0.19	Director	$0	$0	$0
GREG SMALL	DIRECTOR	0.40	Director	$0	$0	$0
MIKE STEVENS	DIRECTOR, EXECUTIVE COMMITTEE	1.03	Director	$0	$0	$0
DAVID SURFACE	DIRECTOR	0.38	Director	$0	$0	$0
PAUL WARD	DIRECTOR	4.27	Director	$0	$0	$0
MARSHA WHITMAN	DIRECTOR, EXECUTIVE COMMITTEE	1.40	Director	$0	$0	$0
KRISTEN WILSON	DIRECTOR	0.38	Director	$0	$0	$0
MICHAEL WOODALL	DIRECTOR, EXECUTIVE COMMITTEE	3.12	Director	$0	$0	$0
DOLORES ZAPPALA	DIRECTOR	1.62	Director	$0	$0	$0
CHRIS HOLLAND	CEO AND EXECUTIVE DIRECTOR	50.00	Officer	$180,179	$35,495	$215,674
DONNA MONTEMAGNO	CHIEF FINANCIAL OFFICER	50.00	Officer	$112,580	$11,196	$123,776

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
2025	$4,900,429	$4,942,799	$3,246,525	$-42,370
2024	$4,908,339	$4,808,986	$3,327,308	$99,353
2023	$4,260,129	$4,466,085	$3,284,492	$-205,956
2022	$4,525,414	$4,088,907	$3,281,905	$436,507
2021	$2,909,058	$2,036,801	$3,550,291	$872,257
2020	$1,459,889	$1,680,107	$2,295,545	$-220,218
2019	$3,700,082	$3,695,330	$2,429,896	$4,752
2018	$3,654,631	$3,475,586	$2,246,959	$179,045

INSPIRE ARTS AND MUSIC INC