THE FOUNDATION FOR MUSIC EDUCATION

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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

2006

Legal Domicile

Principal Officer

JON LOCKE

Phone

8066870861

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION FOR MUSIC EDUCATION, founded in 2006, is a small nonprofit in the Education sector that reported $196K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $172K left a modest 12% surplus.

Mission

Support advancement of music education through scholarships and other worthwile projects. Supports band, choir, orchestra, and elementary music educator training programs across the US. Seeks funding to support education students and awards scholarships

Program Service Accomplishments

Program 1

Expenses: $165,941 Revenue: $187,992

Hosted philanthropic events that featured a variety of musicians and promoted awareness of the importance of supporting music education within the community. Mark of Excellence music competition.

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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 $2,072

Program Service Revenue $187,992

Investment Income $5,451

Other Revenue $0

TOTAL REVENUE $195,515

Expense Breakdown

Grants Paid $2,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,941

Other Expenses $169,385

TOTAL EXPENSES $171,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,515	$169,826	+0.2%
Expenses	$171,635	$149,653	+0.1%
Net Income	$23,880	$20,173	+0.2%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DICK CLARDY	TRUSTEE	001.00	Director	$0	$0	$0
AMY MOORE	TRUSTEE	001.00	Director	$0	$0	$0
AMY WILLIAMS	TRUSTEE	001.00	Director	$0	$0	$0
ANTHONY MAIELLO	TRUSTEE	001.00	Director	$0	$0	$0
DANA PRADERVAND	TRUSTEE	001.00	Director	$0	$0	$0
FRED HARDIN	TRUSTEE	001.00	Director	$0	$0	$0
GABE MUSELLA	TRUSTEE	001.00	Director	$0	$0	$0
GARY LEWIS	TRUSTEE	001.00	Director	$0	$0	$0
JASON DOVE	TRUSTEE	001.00	Director	$0	$0	$0
JEFF TURNER	TRUSTEE	001.00	Director	$0	$0	$0
JON LOCKE	TRUSTEE	001.00	Director	$0	$0	$0
KEITH DYE	TRUSTEE	001.00	Director	$0	$0	$0
LARRY MATYSIAK	TRUSTEE	001.00	Director	$0	$0	$0
RICK YANCEY	TRUSTEE	001.00	Director	$0	$0	$0
SHARON PAUL	TRUSTEE	001.00	Director	$0	$0	$0
TIMOTHY RHEA	TRUSTEE	001.00	Director	$0	$0	$0
VINCENT MORRIS	TRUSTEE	001.00	Director	$0	$0	$0
MOLLIE MCINNIS	TRUSTEE	001.00	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
2024	No data	No data	No data	No data
2023	$195,515	$171,635	$205,046	$23,880
2022	$169,826	$149,653	$149,243	$20,173
2021	$116,727	$101,046	$129,068	$15,681
2020	$58,710	$60,321	$113,385	$-1,611
2019	$125,527	$118,157	$115,143	$7,370
2018	$111,694	$100,767	$107,611	$10,927