International Clarinet Association (EIN 232514481) - 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

1973

Legal Domicile

Principal Officer

Denise Gainey

Phone

8889835441

Tax Period

2024-09-01 to 2025-08-31

International Clarinet Association, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $501K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $430K left a modest 14% surplus.

Mission

ICA is a community of clarinetists and clarinet enthusiasts who: (1) support projects that will support clarinet performance; (2) provide opportunities for the exchange of ideas, materials, and information among its members and the composition, publication, recording and distribution of music for the clarinet; (3) encourage the research and manufacture of a more definitive clarinet; (4) avoid commercialism in any form while encouraging communication and cooperation among clarinetists and the music industry; (5) encourage, promote and teach a wide variety of repertoire.

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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 $14,895

Program Service Revenue $484,990

Investment Income $4

Other Revenue $1,604

TOTAL REVENUE $501,493

Expense Breakdown

Grants Paid $32,760

Salaries & Benefits $113,014

Fundraising Expenses $0

Program Expenses $317,890

Other Expenses $284,194

TOTAL EXPENSES $429,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,493	$430,052	+0.2%
Expenses	$429,968	$430,676	0.0%
Net Income	$71,525	$-624	-115.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Wood	President	10.00	Officer Director	$0	$0	$0
Christopher Nichols	President-Elect	5.00	Officer Director	$0	$0	$0
Melissa Morales	Secretary	5.00	Officer Director	$0	$0	$0
Kip Franklin	Treasurer	5.00	Officer Director	$0	$0	$0
Diane Barger	Past President	5.00	Officer Director	$0	$0	$0
Lara Diaz	International Vice Preside	5.00	Officer 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	$501,493	$429,968	$127,042	$71,525
2024	$430,052	$430,676	$64,408	$-624
2023	$462,472	$546,375	$49,484	$-83,903
2022	$349,726	$393,878	$137,325	$-44,152
2021	$230,285	$236,822	$196,253	$-6,537
2020	$235,760	$249,234	$207,043	$-13,474
2019	$423,238	$319,781	$215,719	$103,457
2018	$228,604	$234,365	$111,908	$-5,761

International Clarinet Association