TEXAS MUSIC TEACHERS 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

1927

Legal Domicile

Principal Officer

LIBBY VANATTA

Phone

8175762816

Tax Period

2023-10-01 to 2024-09-30

TEXAS MUSIC TEACHERS ASSOCIATION, founded in 1927, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE ASSOCIATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. ALL ACTIVITIES OF THE ASSOCIATION SHALL BE EDUCATIONAL AND SHALL BE FOR THE PROMOTION OF THE ART OF MUSIC AND THE ADVANCEMENT OF MUSICAL KNOWLEDGE. THE ASSOCIATION IS NOT ORGANIZED FOR PROFIT AND NO PART OF ITS NET EARNINGS SHALL INURE TO THE BENEFIT OF ANY INDIVIDUAL OR ENTITY. THE SPECIFIC OBJECTIVES OF THIS PERMANENT ORGANIZATION SHALL BE:A. TO SIMULATE SELF IMPROVEMENT IN THE MEMBERSHIPB. TO ENCOURAGE SUPPORT OF ALL WORTHWHILE MUSICAL ACTIVITIES WHICH CONTRIBUTE TO THE CULTURAL GROWTH OF OUR NATIONC. TO FURTHER STUDENT KNOWLEDGE AND SKILL IN THE FIELD OF MUSICD. TO SUPPORT TEXAS MUSIC TEACHERS EDUCATIONAL FOUNDATION, A PERMANENT ORGANIZATION, WHOSE PURPOSE IS TO FUND STUDENT AWARDS

Program Service Accomplishments

Program 1

Expenses: $246,146 Revenue: $173,707

PUBLICATIONS AND PROGRAMS FOR STUDENTS AND TEACHERS; EXPENSES TO SUPPORT STUDENT PROGRAMS FOR OVER 16,000 STUDENTS AND PROGRAMS FOR 1,750 MUSIC TEACHER MEMBERS OF TEXAS MUSIC TEACHERS ASSOCIATION.

Program 2

Expenses: $87,443 Revenue: $325,539

STUDENT AFFILIATE PROGRAMS THAT PROVIDE STUDENTS A WIDE MUSICAL EXPERIENCE - 16,500 STUDENTS FROM ALL PARTS OF TEXAS PARTICIPATED. PROGRAMS INCLUDE MUSIC THEORY, WORLD OF MUSIC, PERFORMANCE CONTESTS...

Program 3

Expenses: $56,365

SUPPORT AND CONTRIBUTIONS TO MUSIC TEACHERS NATIONAL ASSOCIATION.

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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 $4,354

Program Service Revenue $499,246

Investment Income $28,170

Other Revenue $20,247

TOTAL REVENUE $552,017

Expense Breakdown

Grants Paid $56,365

Salaries & Benefits $151,898

Fundraising Expenses $0

Program Expenses $389,954

Other Expenses $331,756

TOTAL EXPENSES $540,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$552,017	$497,336	+0.1%
Expenses	$540,019	$470,966	+0.1%
Net Income	$11,998	$26,370	-0.5%

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

414

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
SCOTT DONALD	PRESIDENT	30.00	Officer Director	$0	$0	$0
LESLEY MCALLISTER	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
LIBBY VANATTA	VP BUSINESS ACTIVITIES	10.00	Officer Director	$0	$0	$0
SHELLY DAVIS	VP STUDENT ACTIVITIES	10.00	Officer Director	$0	$0	$0
TODD VAN KEKERIX	DIRECTOR	2.00	Director	$0	$0	$0
SARAH ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
TERESA DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JILL KITZMILLER	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN KINSELLA	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PENDERGRAFT	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE LYSINGER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN LEACH	DIRECTOR	2.00	Director	$0	$0	$0
JACOB CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CELINDA HALLBAUER	DIRECTOR	2.00	Director	$0	$0	$0
MARIO AJERO	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD FOUNTAIN	PAST PRESIDENT	10.00	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	No data	No data	No data	No data
2024	$552,017	$540,019	$743,788	$11,998
2023	$497,336	$470,966	$688,632	$26,370
2022	$489,964	$482,103	$643,315	$7,861
2021	$355,591	$310,858	$693,776	$44,733
2020	$371,849	$320,520	$597,793	$51,329
2019	$503,690	$473,107	$544,666	$30,583
2018	$504,044	$494,128	$518,514	$9,916