Hunterdon Musical Arts Inc (EIN 222948056) - 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

1985

Legal Domicile

Principal Officer

Grace N Davitt

Phone

9082951174

Tax Period

2024-09-01 to 2025-08-31

Hunterdon Musical Arts Inc, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 36% operating margin.

Mission

Hunterdon Musical Arts mission is to provide live music of the highest quality, and the opportunity to play and learn music,to the community of greater Hunterdon County.

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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 (2024)

Revenue Breakdown

Contributions & Grants $274,166

Program Service Revenue $36,870

Investment Income $1,972

Other Revenue $0

TOTAL REVENUE $313,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,600

Fundraising Expenses $0

Program Expenses $100,687

Other Expenses $120,123

TOTAL EXPENSES $199,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,008	$132,363	+1.4%
Expenses	$199,723	$29,450	+5.8%
Net Income	$113,285	$102,913	+0.1%

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

$78,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alice Volkov	Prsident	5.00	Officer Director	$0	$0	$0
Carll Molter	Vice President	5.00	Officer Director	$0	$0	$0
Grace Davitt	Treasurer	10.00	Officer Director	$0	$0	$0
Lisa Baugh	Secretary	5.00	Officer Director	$0	$0	$0
Warren Buckleitner	Board Member	2.00	Director	$0	$0	$0
Dana Bassett	Board Member	2.00	Director	$0	$0	$0
Ed Jankiewicz	Board Member	2.00	Director	$0	$0	$0
Barbara Volkov	Managing Director	35.00	Officer	$78,600	$0	$78,600

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	$313,008	$199,723	$119,096	$113,285

Hunterdon Musical Arts Inc