STATEWIDE COUNTRY MUSIC ASSN INC (EIN 161132390) - 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

1983

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

STATEWIDE COUNTRY MUSIC ASSN INC, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $176K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $160K left a modest 9% surplus.

Mission

TO PROMOTE INTEREST IN COUNTRY MUSIC AND TEACH OTHERS THE HISTORY AND ART OF COUNTRY MUSIC. TO ENCOURAGE NEW TALENT AND PROVIDE A FORUM FOR STUDENTS AND ARTISTS OF COUNRTY MUSCI

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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 (2022)

Revenue Breakdown

Contributions & Grants $27,750

Program Service Revenue $145,379

Investment Income $43

Other Revenue $2,449

TOTAL REVENUE $175,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,949

Other Expenses $159,949

TOTAL EXPENSES $159,949

Year-over-Year Comparison

	2022	2021	Change
Revenue	$175,621	$128,551	+0.4%
Expenses	$159,949	$128,372	+0.2%
Net Income	$15,672	$179	+86.6%

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

$400

Total Directors

$6,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WEISMORE	MEMBERSHIP DIRECTOR	12.00	Director	$4,400	$0	$4,400
KENNETH WHITNEY	HALL OF FAME DIRECTOR	10.00	Director	$1,775	$0	$1,775
EDWARD KOWALSKI	PRESIDENT	12.00	Officer	$400	$0	$400
CARLA BISHOP	BYLAWS ADVOCATE	6.00	Director	$0	$0	$0
GEORGE CLARK JR	PLANNING DIRECTOR	12.00	Director	$0	$0	$0
ESTER KENTCH	CO-MANAGING DIRECTOR	12.00	Director	$0	$0	$0
DOROTHY CARR	CO-MANAGING DIRECTOR	12.00	Director	$0	$0	$0
MICHAEL WHITMARSH	VICE PRESIDENT	12.00	Officer	$0	$0	$0
IRENE RUSSELL	SECRETARY	12.00	Officer	$0	$0	$0
MARY LYNN	TREASURER	12.00	Officer	$0	$0	$0
LORRAINE CLARK	VICE PRESIDENT	6.00		$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	$175,621	$159,949	$252,641	$15,672
2021	$128,551	$128,372	$248,999	$179
2020	$116,152	$104,934	$60,194	$11,218
2019	$158,477	$167,000	$57,368	$-8,523
2018	$159,738	$170,816	$151,858	$-11,078

STATEWIDE COUNTRY MUSIC ASSN INC