ROYAL SCHOOL OF CHURCH MUSIC (EIN 061045701) - 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

1981

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

7043351087

Tax Period

2023-11-01 to 2024-10-31

ROYAL SCHOOL OF CHURCH MUSIC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PROMOTION OF CHURCH MUSIC THROUGH EXCELLENCE IN CHORAL TRAINING

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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 $42,305

Program Service Revenue $176,533

Investment Income $26

Other Revenue $4,181

TOTAL REVENUE $223,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,811

Other Expenses $239,589

TOTAL EXPENSES $239,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,045	$268,080	-0.2%
Expenses	$239,589	$257,699	-0.1%
Net Income	$-16,544	$10,381	-2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SMITH	PRESIDENT	005.00	Officer Director	$0	$0	$0
STEPHEN GIBSON	TREASURER	005.00	Officer Director	$0	$0	$0
BRENT ERSTADT	DIRECTOR	002.00	Director	$0	$0	$0
KATIE WEBB BURKE	DIRECTOR	002.00	Director	$0	$0	$0
AMY CRAWFORD	DIRECTOR	002.00	Director	$0	$0	$0
JASON OVERALL	SECRETARY	002.00	Officer Director	$0	$0	$0
JARED JOHNSON	DIRECTOR	002.00	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	$223,045	$239,589	$165,310	$-16,544
2023	$268,080	$257,699	$168,856	$10,381
2022	$133,001	$155,333	$148,561	$-22,332
2021	$58,679	$41,162	$163,144	$17,517
2020	$54,788	$59,226	$149,917	$-4,438
2018	$437,068	$437,654	$182,986	$-586

ROYAL SCHOOL OF CHURCH MUSIC