SPREAD THE MUSIC FOUNDATION INC (EIN 161659366) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

REBECCA NEWMAN

Phone

6168442138

Tax Period

2024-01-01 to 2024-12-31

SPREAD THE MUSIC FOUNDATION INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $25K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $30K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO CONNECT WESTERN MICHIGAN COMMUNITIES WITH WEST MICHIGAN MUSICIANS TO CREATE AWARENESS OF WESTERN MICHIGAN MUSIC CULTURE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,596

Program Service Revenue $0

Investment Income $17

Other Revenue $6,375

TOTAL REVENUE $24,988

Expense Breakdown

Grants Paid $22,648

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,080

Other Expenses $7,669

TOTAL EXPENSES $30,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,988	$119,358	-0.8%
Expenses	$30,317	$118,585	-0.7%
Net Income	$-5,329	$773	-7.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
LAURA ANDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
GARRY BOYD	BOARD MEMBER	N/A	Director	$0	$0	$0
BLAIR BUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
CLIFF HARRIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
REBECCA NEWMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOANNE SHARPE	TREASURER	N/A	Officer 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	$24,988	$30,317	$26,221	$-5,329
2023	$119,358	$118,585	$31,550	$773
2022	$21,277	$17,885	$30,777	$3,392
2021	$27,691	$7,473	$27,385	$20,218
2020	$3,725	$6,200	$7,167	$-2,475
2019	$10,260	$20,490	$9,642	$-10,230
2018	$9,824	$24,308	$19,872	$-14,484

SPREAD THE MUSIC FOUNDATION INC