Nashville in Harmony

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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

Principal Officer

Spencer Cooke

Phone

6153835760

Tax Period

2023-07-01 to 2024-06-30

Nashville in Harmony, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

Using music to build community and create social change.

Program Service Accomplishments

Program 1

Expenses: $151,519 Revenue: $28,905

Nashville in Harmony sang the National Anthem at the Nashville CARES AIDS Walk on October 7th, 2023. Members also walked as a team.Nashville in Harmony and Major Minors Holiday Concert: Sure On This Shining Night on December 1st, 2nd, and 3rd, 2023, at Nashville School of Arts - sold out all three nights for approximately 900 attendees.Nashville in Harmony sang the National Anthem at the Vanderbilt Women's Basketball Game Pride Night on January 14th, 2024. Nashville in Harmony sang at FUUN as part of our partnership for using their space for rehearsals on February 3rd, 2024.Major Minors sang with Youth Choir of Calvary UMC on February 29th, 2024, as a part of our partnership for using their space for rehearsals.Nashville in Harmony provided music for a Shabbat Service at The Temple Congregation Ohabai Sholom, an LGTBQ inclusive Jewish community, on May 10th, 2024.Nashville in Harmony sang with the Nashville Philharmonic Orchestra for our Spring concerts on May 5th and May 7th, 2024. Concerts were free to the public.Major Minors Spring Concert on May 11th, 2024, held at Calvary United Methodist Church.Major Minors performed at Franklin Pride on June 1st, 2024, held at Harlinsdale Farm.Nashville in Harmony had a booth at Franklin Pride on June 1st, 2024, held at Harlinsdale Farm.Nashville in Harmony sang at Pride Spirituality Night on June 12th, 2024, at First Unitarian Universalist Church of Nashville.Nashville in Harmony and Pride Band participated in the Nashville Pride Parade on June 22nd, 2024.Nashville in Harmony sang at Nashville Pride on June 22nd, 2024, and also had a booth at the event.

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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 (2023)

Revenue Breakdown

Contributions & Grants $138,601

Program Service Revenue $30,933

Investment Income $30

Other Revenue $1,164

TOTAL REVENUE $170,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,519

Other Expenses $168,730

TOTAL EXPENSES $168,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,728	$122,086	+0.4%
Expenses	$168,730	$111,901	+0.5%
Net Income	$1,998	$10,185	-0.8%

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

150

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
John Purdom	Past-President	4.00	Officer Director	$0	$0	$0
Dyson Schaible	Director	4.00	Director	$0	$0	$0
Wesley King	Director	4.00	Director	$0	$0	$0
Joe Lee	Director	4.00	Director	$0	$0	$0
Brittany Jordan	President	4.00	Officer Director	$0	$0	$0
Carly Smith	Director	4.00	Director	$0	$0	$0
Jiro Kusunose	Treasurer	4.00	Officer Director	$0	$0	$0
Spencer Cook	President-Elect	4.00	Officer Director	$0	$0	$0
David Greer	Secretary	4.00	Officer Director	$0	$0	$0
Reece Holland	Director	4.00	Director	$0	$0	$0
Rory Harrison	Director	4.00	Director	$0	$0	$0
Robert Smart	Director	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
2025	No data	No data	No data	No data
2024	$170,728	$168,730	$61,052	$1,998
2023	$122,086	$111,901	$59,610	$10,185
2022	$78,082	$112,199	$51,079	$-34,117
2020	$124,849	$103,073	$51,600	$21,776