FRIENDS OF DAVIDSON MUSIC FOUNDATI… - 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

2004

Legal Domicile

Principal Officer

TOM HOLMES

Phone

4154852400

Tax Period

2020-07-01 to 2021-06-30

FRIENDS OF DAVIDSON MUSIC FOUNDATION, founded in 2004, is a micro nonprofit in the Education sector that reported $1K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $884 left a modest 12% surplus.

Mission

TO SUPPORT THE EDUCATIONAL ACTIVITIES OF THE STUDENTS ENROLLED IN THE CLASSES OF THE MUSIC DEPARTMENT AT DAVIDSON MIDDLE SCHOOL

Program Service Accomplishments

Program 1

Expenses: $814

TO SUPPORT THE EDUCATIONAL ACTIVITIES OF THE STUDENTS ENROLLED IN THE CLASSES OF THE MUSIC DEPARTMENT AT DAVIDSON MIDDLE SCHOOL

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $814

Other Expenses $884

TOTAL EXPENSES $884

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,000	$31,606	-1.0%
Expenses	$884	$33,516	-1.0%
Net Income	$116	$-1,910	-1.1%

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

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
TOM HOLMES	PRESIDENT	1.00	Director	$0	$0	$0
MICHELE HASSID	TREASURER	1.00	Director	$0	$0	$0
CJ HEALY	SECRETARY	1.00	Director	$0	$0	$0
DANA TRILLO	CHAIRMAN OF BOARD	1.00	Director	$0	$0	$0
CHAR LUSK	DIRECTOR	1.00	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
2021	$1,000	$884	$11,969	$116
2020	$31,606	$33,516	$11,853	$-1,910
2019	$24,015	$22,277	$13,763	$1,738

FRIENDS OF DAVIDSON MUSIC FOUNDATION