SPRING-FORD MUSIC ASSOCIATION

EIN: 232155868 501(c)(3) Arts, Culture & Humanities

ROYERSFORD, PA

Total Revenue
$114,358
Total Expenses
$93,459
Total Assets
$129,448
Net Assets
$97,704
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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
2000
Legal Domicile
PA
Principal Officer
LISA COREY
Phone
4849193734
Tax Period
2022-07-01 to 2023-06-30

SPRING-FORD MUSIC ASSOCIATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $114K in total revenue in fiscal year 2022. The organization ran a surplus of $21K, a strong 18% operating margin.

Mission

TO PROMOTE AND SUPPORT THE SPRING-FORD AREA SCHOOL DISTRICT'S INSTRUMENTAL AND VOCAL MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,013
Program Service Revenue $16,235
Investment Income $170
Other Revenue $84,940
TOTAL REVENUE $114,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $88,031
Other Expenses $93,459
TOTAL EXPENSES $93,459

Year-over-Year Comparison

2022 2021 Change
Revenue $114,358 N/A N/A
Expenses $93,459 N/A N/A
Net Income $20,899 N/A 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
5
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA COREY President 8.00
Director
$0 $0 $0
ERIC FRETZ Vice President 3.00
Director
$0 $0 $0
GWEN MACDONELL Secretary 5.00
Director
$0 $0 $0
HEATHER YONOSH Treasurer 8.00
Director
$0 $0 $0
DAWN SVENDSEN Asst. Treasurer 2.00
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
2023 $114,358 $93,459 $129,448 $20,899
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