THE MUSIC EDUCATION GROUP INC (EIN 201512362) - 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

2017

Legal Domicile

Principal Officer

Ric Ross

Phone

6785230452

Tax Period

2024-01-01 to 2024-12-31

THE MUSIC EDUCATION GROUP INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $290K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $404K exceeded revenue, resulting in a 39% operating deficit.

Mission

Technical education in music, film, and digital media

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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 $235,847

Program Service Revenue $53,854

Investment Income $32

Other Revenue $0

TOTAL REVENUE $289,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,280

Fundraising Expenses $0

Program Expenses $222,243

Other Expenses $236,557

TOTAL EXPENSES $403,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,733	$502,523	-0.4%
Expenses	$403,837	$284,118	+0.4%
Net Income	$-114,104	$218,405	-1.5%

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

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Caldwell	Executive Director	30	Director	$48,000	$0	$48,000
Ric Ross	Chairman	25	Director	$0	$0	$0
Reginald Crossley	Vice Chairman	0.5	Director	$0	$0	$0
Lori Revere Paulk	Secretary and Treasuer	0.5	Director	$0	$0	$0
Crystal Betts	Director	0.5	Director	$0	$0	$0
Rod Brown	Director	0.5	Director	$0	$0	$0
Carolyn Smillie Luond	Director	0.5	Director	$0	$0	$0
Anthony Stukes	Director	0.5	Director	$0	$0	$0
Rahkia Williams Usher	Director	0.5	Director	$0	$0	$0
Ben Yonas	Director	0.5	Director	$0	$0	$0
Konrad Zukowski	Director	10	Director	$0	$0	$0
Rafael Capone	Director	0.5	Director	$0	$0	$0
Booker Edwards	Director	0.5	Director	$0	$0	$0
Twana Simmons	Director	0.5	Director	$0	$0	$0
Jaylen McCord	Director	0	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	$289,733	$403,837	$239,332	$-114,104
2023	$502,523	$284,118	$317,135	$218,405
2022	$236,584	$212,527	$101,181	$24,057

THE MUSIC EDUCATION GROUP INC