HERMES MUSIC FOUNDATION

EIN: 205449170 501(c)(3) Human Services

MCALLEN, TX

Total Revenue
N/A
Total Expenses
$8,781
Total Assets
$22,907
Net Assets
$22,907
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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
TX
Principal Officer
ALBERTO KREIMERMAN
Tax Period
2024-01-01 to 2024-12-31

Mission

OPERATE EXCLUSIVELY FOR CHARITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,781
Other Expenses $8,781
TOTAL EXPENSES $8,781

Year-over-Year Comparison

2024 2023 Change
Revenue N/A $225 -1.0%
Expenses $8,781 $2,760 +2.2%
Net Income N/A $-2,535 N/A
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

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Governance

Voting Members
5
Independent Members
4
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORGE SAAVEDRA DIR/ TREAS N/A
Director
$0 $0 $0
ALBERTO KREIMERMAN DIR/PRES N/A
Officer
$0 $0 $0
CARMEN KREIMERMAN DIR/SEC N/A
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 No data $8,781 $22,907 No data
2023 $225 $2,760 $31,688 $-2,535
2022 $5 $3,299 $34,223 $-3,294
2021 $24,230 $3,702 $37,517 $20,528
2020 $7,049 $5,229 $16,989 $1,820
2019 $15,720 $6,635 $15,169 $9,085
2018 $6,000 $11,949 $6,084 $-5,949
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