TENNESSEE MUSIC EDUCATION ASSOCIATION (EIN 203325550) - 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

Principal Officer

MICHAEL CHESTER

Phone

6157848632

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE MUSIC EDUCATION ASSOCIATION, founded in 2005, is a small nonprofit in the Education sector that reported $462K in total revenue in fiscal year 2024. Expenses of $405K left a modest 12% surplus.

Mission

THE ORGANIZATION PROMOTES THE ADVANCEMENT OF HIGH QUALITY MUSIC EDUCATION FOR ALL.

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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 $96,709

Program Service Revenue $364,714

Investment Income $130

Other Revenue $0

TOTAL REVENUE $461,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,017

Fundraising Expenses $0

Program Expenses $373,506

Other Expenses $373,506

TOTAL EXPENSES $404,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,553	$441,617	+0.0%
Expenses	$404,523	$458,963	-0.1%
Net Income	$57,030	$-17,346	-4.3%

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

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

$20,960

Total Directors

$20,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHESTER	EXECUTIVE DIRECTOR	020.00	Officer Director	$20,960	$0	$20,960
JOEL DENTON	PRESIDENT	002.00	Officer Director	$0	$0	$0
ALEXIS YATUZIS-DERRYBERRY	SECRETARY	002.00	Officer Director	$0	$0	$0
J R BAKER	PRESIDENT-ELECT	002.00	Officer Director	$0	$0	$0
LAFE COOK	IMMEDIATE-PAST PRESIDENT	002.00	Officer Director	$0	$0	$0
LINZIE MULLINS	STATE GENERAL MUSIC CHAIR	002.00	Director	$0	$0	$0
ADRIAN MACLIN	STATE CHORAL CHAIR	002.00	Director	$0	$0	$0
LORI MCDERMOTT	STATE ORCHESTRA CHAIR	002.00	Director	$0	$0	$0
BENJAMIN EASLEY	STATE BAND CHAIR	002.00	Director	$0	$0	$0
FRANK ZIMMERER	STATE JAZZ BAND CHAIR	002.00	Director	$0	$0	$0
REGGIE COLEMAN	STATE MIDDLE SCHOOLS CHAIR	002.00	Director	$0	$0	$0
DAVID AYDELOTT	RURAL SCHOOLS CHAIR	002.00	Director	$0	$0	$0
NOLA JONES	URBAN SCHOOLS CHAIR	002.00	Director	$0	$0	$0
REGINALD MCDONALD	EQUITY IN MUSIC CHAIR	002.00	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	$461,553	$404,523	$118,056	$57,030
2024	$441,617	$458,963	$56,547	$-17,346
2023	$427,979	$443,460	$75,103	$-15,481
2022	$315,637	$309,613	$89,374	$6,024
2020	$163,572	$195,466	$104,975	$-31,894
2019	$362,647	$379,540	$137,389	$-16,893

TENNESSEE MUSIC EDUCATION ASSOCIATION