HARBOR CITY MUSIC COMPANY (EIN 237011007) - 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

1969

Legal Domicile

Principal Officer

SUEANN MYERS

Phone

4105964644

Tax Period

2020-05-01 to 2021-04-30

HARBOR CITY MUSIC COMPANY, founded in 1969, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $80K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $42K, a strong 52% operating margin.

Mission

THE MISSION OF HCMC IS TO PROVIDE LEARNING AND PERFORMING OPPORTUNITIES THAT WILL ENABLE ALL MEMBERS TO DEVELOPE HIGHER QUALITY MUSICAL PERFORMANCE SKILLS

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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 $22,525

Program Service Revenue $55,659

Investment Income $1,808

Other Revenue $0

TOTAL REVENUE $79,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $38,074

TOTAL EXPENSES $38,074

Year-over-Year Comparison

	2020	2019	Change
Revenue	$79,992	$84,592	-0.1%
Expenses	$38,074	$59,282	-0.4%
Net Income	$41,918	$25,310	+0.7%

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

106

Independent Members

N/A

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
FAITH MILLER	PRESIDENT	015.00	Director	$0	$0	$0
CATHY SCHUMAN	FINANCIAL COORDINATOR	030.00	Director	$0	$0	$0
STEPHANIE EVERETT	MEMBERSHIP	015.00	Director	$0	$0	$0
SUSAN SHIPP	SECRETARY	020.00	Director	$0	$0	$0
SALLY KELLY	COMMUNICATIONS	010.00	Director	$0	$0	$0
NANCT CLOETER	MARKETING/PR	020.00	Director	$0	$0	$0
DIANE BARTEL	EVENTS	015.00	Director	$0	$0	$0
JENN LEE	PERFORMANCE	015.00	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
2021	$79,992	$38,074	$121,033	$41,918
2020	$84,592	$59,282	$48,914	$25,310
2019	$118,276	$92,324	$23,604	$25,952

HARBOR CITY MUSIC COMPANY