Academy of Music for the Blind (EIN 201148737) - 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

2005

Legal Domicile

Phone

6264378152

Tax Period

2024-01-01 to 2024-12-31

Academy of Music for the Blind, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2024. Expenses of $263K exceeded revenue, resulting in a 12% operating deficit.

Mission

Providing musical instruction to blind youth

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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 (2024)

Revenue Breakdown

Contributions & Grants $137,727

Program Service Revenue $60,093

Investment Income $36,851

Other Revenue $0

TOTAL REVENUE $234,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,320

Fundraising Expenses $8,619

Program Expenses $225,919

Other Expenses $49,539

TOTAL EXPENSES $262,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,671	$228,117	+0.0%
Expenses	$262,859	$199,623	+0.3%
Net Income	$-28,188	$28,494	-2.0%

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

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
Tracey Riddle	Student Family Relations	1.00	Director	$0	$0	$0
Maurice Meysenburg	Outreach	1.00	Director	$0	$0	$0
Joe Joffrion	Legal Adviser	1.00	Director	$0	$0	$0
Deb Beyer	Director	1.00	Director	$0	$0	$0
David Pinto	Executive Director	36.00	Officer Director	$0	$0	$0
Kenneth Sitzwhol	Treasurer & Secretary	1.00	Officer Director	$0	$0	$0
Layne Beamer	Chairman of the Board	1.00	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	$234,671	$262,859	$406,431	$-28,188
2023	$228,117	$199,623	$389,504	$28,494
2022	$213,093	$180,965	$435,466	$32,128
2021	$179,840	$150,908	$403,702	$28,932
2020	$142,286	$122,722	$374,816	$19,564
2019	$451,506	$124,050	$354,932	$327,456

Academy of Music for the Blind