NATIONAL ASSOCIATION OF SCHOOL MUS… - Form 990 Financial Data

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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

CRIS BEHRENS

Phone

9722339107

Tax Period

2024-06-01 to 2025-05-31

NATIONAL ASSOCIATION OF SCHOOL MUSIC DEALERS, founded in 1969, is a small nonprofit that reported $552K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

NASMD IS A NON-PROFIT ASSOCIATION FOUNDED IN 1962 TO HELP MEMBER COMPANIES EXCHANGE INFORMATION AND IDEAS REGARDING THE ISSUES FACING DEALERS, MANUFACTURERS AND SUPPLIERS IN THE SCHOOL MUSIC INDUSTRY.

Program Service Accomplishments

Program 1

NASMD HOSTS AN ANNUAL EDUCATIONAL CONFERENCE AND PROFESSIONAL MEETINGS TO INFORM AND EDUCATE MEMBERS, INDUSTRY OFFICIALS AND THE PUBLIC. NASMD POSTS BEST PRACTICES HANDOUTS ON OUR WEBSITE AND...

NASMD HOSTS AN ANNUAL EDUCATIONAL CONFERENCE AND PROFESSIONAL MEETINGS TO INFORM AND EDUCATE MEMBERS, INDUSTRY OFFICIALS AND THE PUBLIC. NASMD POSTS BEST PRACTICES HANDOUTS ON OUR WEBSITE AND FACILITATES NETWORKING OPPORTUNITIES VIA EMAIL, MEMBER-TO-MEMBER TELEPHONE CALLS AND OUR FACEBOOK PAGE.

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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 $0

Program Service Revenue $547,396

Investment Income $5,006

Other Revenue $0

TOTAL REVENUE $552,402

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $588,653

TOTAL EXPENSES $594,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$552,402	$460,968	+0.2%
Expenses	$594,653	$562,898	+0.1%
Net Income	$-42,251	$-101,930	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY MCQUEARY FROM 524	Director	2.00	Director	$0	$0	$0
Jonathon Breen	Director	2.00	Director	$0	$0	$0
Kim Koch	Sec./Treasurer	2.00	Officer Director	$0	$0	$0
Mitzi Phelan	Director	2.00	Director	$0	$0	$0
CRIS BEHRENS	President	2.00	Officer Director	$0	$0	$0
JOHN TARPLEY	President-Elect	2.00	Officer Director	$0	$0	$0
STEFANI HEALEY THRU 424	Director	2.00	Director	$0	$0	$0
LAURA PENROSE	Director	2.00	Director	$0	$0	$0
JULIE WAGNITZ	Director	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
2025	$552,402	$594,653	$327,535	$-42,251
2024	$460,968	$562,898	$369,786	$-101,930
2023	$484,699	$509,400	$471,716	$-24,701
2022	$450,893	$547,196	$496,417	$-96,303
2021	$55,912	$63,491	$592,720	$-7,579
2020	$313,179	$94,996	$600,299	$218,183
2019	$551,762	$532,984	$382,116	$18,778

NATIONAL ASSOCIATION OF SCHOOL MUSIC DEALERS