TRADITIONAL IRISH MUSIC EDUCATION SOCIETY

EIN: 202171671 501(c)(3) Arts, Culture & Humanities

RICHARDSON, TX

Total Revenue
$204,539
Total Expenses
$201,179
Total Assets
$100,067
Net Assets
$100,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Phone
2147705036
Tax Period
2019-01-01 to 2019-12-31

TRADITIONAL IRISH MUSIC EDUCATION SOCIETY is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2019. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

EDUCATION OF IRISH MUSIC TO ADULTS AND CHILDREN

Program Service Accomplishments

Program 1
Expenses: $147,863 Revenue: $156,374

ORGANIZED AND CONDUCTED A 3-DAY O'FLAHERTY IRISH MUSIC RETREAT IN OCTOBER 2019. THIS EVENT WAS ATTENDED BY 400 STUDENTS WHO LEARNED FROM EXPERTS IN THE FIELD HOW TO PLAY, OR IMPROVE THEIR SKILLS IN...

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ORGANIZED AND CONDUCTED A 3-DAY O'FLAHERTY IRISH MUSIC RETREAT IN OCTOBER 2019. THIS EVENT WAS ATTENDED BY 400 STUDENTS WHO LEARNED FROM EXPERTS IN THE FIELD HOW TO PLAY, OR IMPROVE THEIR SKILLS IN PLAYING, TRADITIONAL IRISH MUSIC.

Program 2
Expenses: $18,075 Revenue: $18,200

THE TIMES BAND PROMOTES THE LEARNING AND PLAYING OF TRADITIONAL IRISH MUSIC THROUGH WEEKLY PERFORMANCES AT VENEUS THROUGHOUT THE DALLAS/FORT WORTH, TEXAS AREA. AUDIENCES RANGE FROM 10 TO 100 YEARS OF...

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THE TIMES BAND PROMOTES THE LEARNING AND PLAYING OF TRADITIONAL IRISH MUSIC THROUGH WEEKLY PERFORMANCES AT VENEUS THROUGHOUT THE DALLAS/FORT WORTH, TEXAS AREA. AUDIENCES RANGE FROM 10 TO 100 YEARS OF AGE AT EACH PERFORMANCE. THE BAND HAS A POOL OF FIFTY MUSICIANS THAT PARTICIPATE.

Program 3
Expenses: $11,688 Revenue: $10,643

ORGANIZED AND CONDUCTED A 2-DAY IRISH MUSIC YOUTH CAMP IN JUNE 2019. THIS EVENT WAS ATTENDED BY 125 STUDENTS AGED 5-17 YEARS OF AGE, WHO LEARNED FROM EXPERTS IN THE FIELD HOW TO PLAY, OR IMPROVE...

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ORGANIZED AND CONDUCTED A 2-DAY IRISH MUSIC YOUTH CAMP IN JUNE 2019. THIS EVENT WAS ATTENDED BY 125 STUDENTS AGED 5-17 YEARS OF AGE, WHO LEARNED FROM EXPERTS IN THE FIELD HOW TO PLAY, OR IMPROVE THEIR SKILLS IN PLAYING, TRADITIONAL IRISH MUSIC.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $34,060
Program Service Revenue $170,479
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $177,626
Other Expenses $201,179
TOTAL EXPENSES $201,179

Year-over-Year Comparison

2019 2018 Change
Revenue $204,539 $165,876 +0.2%
Expenses $201,179 $182,220 +0.1%
Net Income $3,360 $-16,344 -1.2%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
N/A
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARA WILDMAN President 1.00
Director
$0 $0 $0
RICK ROBERTS Vice President 1.00
Director
$0 $0 $0
ALLISON JOHNSON Treasurer 1.00
Director
$0 $0 $0
TOAR SCHELL Secretary 1.00
Director
$0 $0 $0
JEREMY WELCH BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW COOK BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY FLEMING BOARD MEMBER 1.00
Director
$0 $0 $0
KEN FLEMING Executive Dir. 4.00
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
2019 $204,539 $201,179 $100,067 $3,360
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