DO RE MI GOSPEL MUSIC ACADEMY INC (EIN 203933001) - 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

KEY DILLARD

Phone

6159692708

Tax Period

2024-01-01 to 2024-12-31

DO RE MI GOSPEL MUSIC ACADEMY INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $141K in total revenue in fiscal year 2024. The organization ran a surplus of $60K, a strong 42% operating margin.

Mission

PRESERVATION, EDUCATION AND PROMOTION OF SHAPE NOTE GOSPEL MUSIC. TWO WEEK LONG MUSIC SCHOOL WHERE STUDENTS ARE TAUGHT ALL ASPECTS OF SHAPE NOTE GOSPEL MUSIC FROM BEGINNER TO ADVANCED SONG WRITING.

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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 $46,239

Program Service Revenue $60,334

Investment Income $11,490

Other Revenue $23,436

TOTAL REVENUE $141,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,566

Other Expenses $81,988

TOTAL EXPENSES $81,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,499	$134,530	+0.1%
Expenses	$81,988	$71,089	+0.2%
Net Income	$59,511	$63,441	-0.1%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEBASTIAN BRAWNER	DIRECTOR	5.00	Director	$0	$0	$0
JOE HARPE	DIRECTOR	5.00	Director	$0	$0	$0
ANDY KNIGHT	DIRECTOR	5.00	Director	$0	$0	$0
KENDRA AUSTIN	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN FARRIS	DIRECTOR	5.00	Director	$0	$0	$0
SEBASTIAN BRAWNER	DIRECTOR	5.00	Director	$0	$0	$0
TITUS CARTER	DIRECTOR	5.00	Director	$0	$0	$0
PERRY MILLER	DIRECTOR	5.00	Director	$0	$0	$0
HELEN RIGHTHOUSE	DIRECTOR	5.00	Director	$0	$0	$0
COURTNEY TOPOROWSKI	DIRECTOR	5.00	Director	$0	$0	$0
SEBASTIAN VANCE	DIRECTOR	5.00	Director	$0	$0	$0
KEY DILLARD	PRESIDENT	20.00	Officer	$0	$0	$0
KRIS DILLARD	VICE PRESIDENT & TREASURER	20.00	Officer	$0	$0	$0
RUTH GREEN	SECRETARY	10.00	Officer	$0	$0	$0
TODD AUSTIN	CHAPLAIN	5.00	Officer	$0	$0	$0
SEBASTIAN WITCHER	CHAIR	5.00	Officer	$0	$0	$0
WENDI SCOTT	BACKGROUND COORDINATOR	5.00	Officer	$0	$0	$0
TANNER TROUTT	ASSOCIATE CHAPLAIN	5.00	Officer	$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	$141,499	$81,988	$655,726	$59,511
2023	$134,530	$71,089	$615,270	$63,441
2022	$141,307	$85,801	$570,960	$55,506
2021	$98,562	$61,222	$547,299	$37,340
2020	$40,893	$49,378	$549,959	$-8,485
2019	$85,221	$69,574	$582,804	$15,647

DO RE MI GOSPEL MUSIC ACADEMY INC