THE MUSIC ACADEMY FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

JONATHAN LAPWORTH

Phone

8159860037

Tax Period

2025-01-01 to 2025-12-31

THE MUSIC ACADEMY FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2025. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 73% operating margin.

Mission

TO SERVE THE MISSION OF THE MUSIC ACADEMY.

Program Service Accomplishments

Program 1

Expenses: $53,800

TO PROVIDE MUSIC ACADEMY STUDENTS WITH REDUCED FEES AND ASSIST WITH OTHER PROGRAM COSTS. APPROXIMATELY 3% OF STUDENTS REQUEST FINANCIAL ASSISTANCE TO OFFSET PRIVATE MUSIC INSTRUCTION. PROVIDING THIS FINANCIAL ASSISTANCE TO THOSE STUDENTS IS THE PRIMARY PURPOSE OF THE MUSIC ACADEMY FOUNDATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $150,831

Program Service Revenue $0

Investment Income $58,030

Other Revenue $6,381

TOTAL REVENUE $215,242

Expense Breakdown

Grants Paid $53,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,800

Other Expenses $5,321

TOTAL EXPENSES $59,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$215,242	$100,008	+1.2%
Expenses	$59,121	$44,473	+0.3%
Net Income	$156,121	$55,535	+1.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JANICE BARTIK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH BRUCE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CARLIN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA EAKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM EPPERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FRANTZ	DIRECTOR EME	1.00	Director	$0	$0	$0
PAUL GAZIANO	DIRECTOR	1.00	Director	$0	$0	$0
GERRIE GUSTAFSON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL HANDLIN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY HERDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HOFMANN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY KLONICKI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN LAPWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY MARRS	CHAIR	1.00	Officer Director	$0	$0	$0
ALEXANDER MEZNY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA PISKE	DIRECTOR	1.00	Director	$0	$0	$0
LEANNA REIDY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHON ROZMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SWANBERG	DIRECTOR	1.00	Director	$0	$0	$0
MILLARD WASHINGTON	DIRECTOR	1.00	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	$215,242	$59,121	$794,057	$156,121
2024	No data	No data	No data	No data
2023	$89,838	$17,245	$555,255	$72,593