WOLFEBORO FRIENDS OF MUSIC (EIN 222791238) - 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

1935

Legal Domicile

Principal Officer

Carl Crosley

Phone

6035692151

Tax Period

2020-07-01 to 2021-06-30

WOLFEBORO FRIENDS OF MUSIC, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2020. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 92% operating margin.

Mission

We sponsor concerts for the community with a mix of classical and popular music genres. We also educate students and promote music in local schools.

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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 (2020)

Revenue Breakdown

Contributions & Grants $225,429

Program Service Revenue $0

Investment Income $3,298

Other Revenue $0

TOTAL REVENUE $228,727

Expense Breakdown

Grants Paid $2,950

Salaries & Benefits $0

Fundraising Expenses $679

Program Expenses $9,816

Other Expenses $15,764

TOTAL EXPENSES $18,714

Year-over-Year Comparison

	2020	2019	Change
Revenue	$228,727	$81,546	+1.8%
Expenses	$18,714	$42,563	-0.6%
Net Income	$210,013	$38,983	+4.4%

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

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

$200

Total Directors

$200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Smith	Board Member and Vice-President Development	5	Officer Director	$200	$0	$200
Carl Crosley	President and Board Chair	15	Officer Director	$0	$0	$0
Elizabeth McCrae	Board Member and Vice-President Artist Liaison	5	Officer Director	$0	$0	$0
Shirley Richardson	Board Member and Vice-President Programming	5	Officer Director	$0	$0	$0
Gregory Jonas	Board Member and Treasurer	5	Officer Director	$0	$0	$0
Lynne Slocum	Board Member and Board Secretary	5	Officer Director	$0	$0	$0
Kelly Barbarisi	Board Member	3	Director	$0	$0	$0
Anne Marie Bedford	Board Member	3	Director	$0	$0	$0
Claudia Bissett	Board Member	3	Director	$0	$0	$0
Eric Taussig	Board Member	3	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
2021	$228,727	$18,714	$375,962	$210,013

WOLFEBORO FRIENDS OF MUSIC