Winthrop Music Association Inc (EIN 202480781) - 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

5099973837

Tax Period

2024-01-01 to 2024-12-31

Winthrop Music Association Inc, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $544K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $668K exceeded revenue, resulting in a 23% operating deficit.

Mission

The purpose of the Corporation shall be to present and promote high quality live music for the educational benefit of the Methow Valley area, as well as the Pacific Northwest and to encourage public participation therein.

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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 $29,199

Program Service Revenue $452,904

Investment Income $17,567

Other Revenue $44,133

TOTAL REVENUE $543,803

Expense Breakdown

Grants Paid $18,550

Salaries & Benefits $31,649

Fundraising Expenses $0

Program Expenses $640,022

Other Expenses $617,618

TOTAL EXPENSES $667,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,803	$606,682	-0.1%
Expenses	$667,817	$606,746	+0.1%
Net Income	$-124,014	$-64	+1936.7%

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

170

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

$1,650

Total Directors

$31,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erika Olsen	Festival Coordinator	0.50	Director	$28,799	$0	$28,799
Rick Northcott	President	1.00	Officer Director	$450	$0	$450
Peter Dammann	Secretary	4.00	Officer Director	$450	$0	$450
Dave Swenson	Treasurer	1.00	Officer Director	$400	$0	$400
Matt Pratt	Director	0.00	Director	$350	$0	$350
350 Smith	Vice-President	0.50	Officer Director	$350	$0	$350
Don Ashford	Director	0.50	Director	$300	$0	$300
Sarah Jo Lightner	Director	0.50	Director	$300	$0	$300
Bart Northcott	Director	0.50	Director	$250	$0	$250

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	$543,803	$667,817	$412,888	$-124,014
2023	$606,682	$606,746	$537,346	$-64
2022	$670,230	$517,995	$530,415	$152,235
2021	$238,596	$92,274	$378,180	$146,322
2020	$3,301	$66,074	$231,858	$-62,773
2019	$447,840	$395,589	$294,631	$52,251
2018	$417,739	$350,533	$242,380	$67,206

Winthrop Music Association Inc