FOUNDATION OF ARTS MUSIC AND EDUCA… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

JULIE WILLIAMS

Phone

9142425267

Tax Period

2021-07-01 to 2022-06-30

FOUNDATION OF ARTS MUSIC AND EDUCATION, founded in 1994, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2021. Revenue surged 1648% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 41% operating margin.

Mission

TO ENHANCE THE EDUCATIONAL RESOURCES OF BEDFORD CENTRAL SCHOOL DISTRICT

Program Service Accomplishments

Program 1

Expenses: $12,583 Revenue: $0

TO ENHANCE THE EDUCATIONAL RESOURCES OF THE BEDFORD CENTRAL SCHOOL DISTRICT, COUNTY OF WESTCHESTER, STATE OF NEW YORK

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,991

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,991

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,583

Other Expenses $10,668

TOTAL EXPENSES $13,668

Year-over-Year Comparison

	2021	2020	Change
Revenue	$22,991	$1,315	+16.5%
Expenses	$13,668	$6,519	+1.1%
Net Income	$9,323	$-5,204	-2.8%

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
REBECCA RIVARD	PRESIDENT	7.00	Director	$0	$0	$0
JULIE WILLIAMS	TREASURER	7.00	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
2022	$22,991	$13,668	$16,798	$9,323
2021	$1,315	$6,519	$7,475	$-5,204
2020	$3,414	$6,231	$12,679	$-2,817
2019	$2,140	$5,481	$15,496	$-3,341

FOUNDATION OF ARTS MUSIC AND EDUCATION