INTERNATIONAL TROMBONE ASSOCIATION

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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

MAGNUS NILSSON

Phone

8882366241

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL TROMBONE ASSOCIATION, founded in 1973, is a small nonprofit that reported $428K in total revenue in fiscal year 2023. Expenses of $390K left a modest 9% surplus.

Mission

THE INTERNATIONAL TROMBONE ASSOCIATION SHALL PROMOTE, NURTURE AND CELEBRATE THE TROMBONE AND TROMBONE RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $248,596 Revenue: $236,858

CONDUCTION OF AN ANNUAL FESTIVAL FOR THE BENEFIT OF MUSICIANS AND EDUCATORS.

Program 2

Expenses: $62,971 Revenue: $22,200

PRODUCING THE QUARTERLY MAGAZINE THE ITA JOURNAL.

Program 3

Expenses: $4,905 Revenue: $10,544

PRODUCING THE ANNUAL ITA SOLO & ENSEMBLE COMPETITIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,366

Program Service Revenue $404,525

Investment Income $18,974

Other Revenue $755

TOTAL REVENUE $427,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,400

Fundraising Expenses $0

Program Expenses $328,581

Other Expenses $363,677

TOTAL EXPENSES $390,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,620	$405,328	+0.1%
Expenses	$390,077	$416,531	-0.1%
Net Income	$37,543	$-11,203	-4.4%

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

$26,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAGNUS NILSSON	EXECUTIVE DI	24.00	Officer	$26,400	$0	$26,400
BRADLEY PALMER	CHAIR	5.00	Officer Director	$0	$0	$0
KEITH JACKSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS SHOOK	TREASURER	5.00	Officer Director	$0	$0	$0
NATALIE MANNIX	BOARD MEMBER	5.00	Director	$0	$0	$0
BEN MCLLWAIN	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$427,620	$390,077	$675,120	$37,543
2022	$405,328	$416,531	$599,872	$-11,203
2021	$354,283	$348,030	$680,156	$6,253
2020	$175,746	$163,496	$625,534	$12,250
2019	$506,874	$428,003	$574,264	$78,871
2018	$374,464	$358,976	$475,742	$15,488