FOUNDATION OF ARTS MUSIC AND EDUCATION

EIN: 133707599 501(c)(3) Education

BEDFORD HILLS, NY

Total Revenue
$22,991
Total Expenses
$13,668
Total Assets
$16,798
Net Assets
$16,798
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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
NY
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

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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%)

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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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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