THE MUSIC ACADEMY FOUNDATION (EIN 205792412) - 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

2007

Legal Domicile

Principal Officer

JONATHAN LAPWORTH

Phone

8159860037

Tax Period

2023-01-01 to 2023-12-31

THE MUSIC ACADEMY FOUNDATION, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $73K, a strong 81% operating margin.

Mission

TO SERVE THE MISSION OF THE MUSIC ACADEMY.

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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 $63,821

Program Service Revenue $0

Investment Income $26,017

Other Revenue $0

TOTAL REVENUE $89,838

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,454

Other Expenses $7,245

TOTAL EXPENSES $17,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,838	$129,593	-0.3%
Expenses	$17,245	$42,294	-0.6%
Net Income	$72,593	$87,299	-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
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
MELISA 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
2024	No data	No data	No data	No data
2023	$89,838	$17,245	$555,255	$72,593

THE MUSIC ACADEMY FOUNDATION