NATIONAL FLUTE ASSOCIATION

EIN: 237306996 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,032,744
Total Expenses
$1,163,465
Total Assets
$2,483,699
Net Assets
$2,452,538
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IL
Principal Officer
JENNIFER GRIM
Phone
3123326682
Tax Period
2023-01-01 to 2023-12-31

NATIONAL FLUTE ASSOCIATION INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2017. Net assets of $2.3M represent 25 months of operating reserves.

Mission

THE NATIONAL FLUTE ASSOCIATION IS KNOWN AS A PREMIER RESOURCE WORLDWIDE, VALUED BY ITS MEMBERS AND RELEVANT TO ALL INTERESTED IN MUSIC AND THE FLUTE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $506,320
Program Service Revenue $456,415
Investment Income $70,009
Other Revenue $0
TOTAL REVENUE $1,032,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,110
Fundraising Expenses $28,931
Program Expenses $976,713
Other Expenses $731,355
TOTAL EXPENSES $1,163,465

Year-over-Year Comparison

2023 2022 Change
Revenue $1,032,744 $1,108,686 -0.1%
Expenses $1,163,465 $1,124,889 +0.0%
Net Income $-130,721 $-16,203 +7.1%
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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Governance

Voting Members
17
Independent Members
17
Employees
13
Volunteers
310

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA JOHNSON PRESIDENT (THRU OCT 31) 4.00
Officer Director
$0 $0 $0
JENNIFER GRIM VICE PRESIDENT/PRESIDENT (NOV 1) 4.00
Officer Director
$0 $0 $0
LISA BOST-SANDBERG ASSISTANT SECRETARY 4.00
Officer Director
$0 $0 $0
LISA GARNER SANTA DIRECTOR 1.00
Director
$0 $0 $0
REGINA HELCHER YOST DIRECTOR 1.00
Director
$0 $0 $0
DANILO MEZZADRI DIRECTOR 1.00
Director
$0 $0 $0
MARCO GRANADOS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN DUNBAR DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA KELLEY DIRECTOR 1.00
Director
$0 $0 $0
TADEU COELHO DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOUSTON DIRECTOR 1.00
Director
$0 $0 $0
KIM STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
HIDEKO AMANO DIRECTOR 1.00
Director
$0 $0 $0
DANA BUICK DIRECTOR 1.00
Director
$0 $0 $0
JACKQUELINE CORDOVA-ARRINGTON DIRECTOR 1.00
Director
$0 $0 $0
DIANE COUZENS TREASURER 4.00
Officer Director
$0 $0 $0
KIMBERLEE GOODMAN ASSISTANT SECRETARY 4.00
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
2024 No data No data No data No data
2023 $1,032,744 $1,163,465 $2,483,699 $-130,721
2022 $1,108,686 $1,124,889 $2,373,471 $-16,203
2021 $794,964 $608,973 $2,732,739 $185,991
2019 $1,022,169 $1,195,287 $2,181,310 $-173,118
2018 $1,092,513 $1,145,093 $2,314,186 $-52,580
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