Rhode Island Music Educators Association

EIN: 237399393 501(c)(3) Arts, Culture & Humanities

E PROVIDENCE, RI

Total Revenue
$185,976
Total Expenses
$186,860
Total Assets
$99,649
Net Assets
$99,649
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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
1915
Legal Domicile
RI
Principal Officer
Carolyn Bennett
Tax Period
2023-07-01 to 2024-06-30

Rhode Island Music Educators Association, founded in 1915, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2023.

Mission

The mission of the Rhode Island Music Education Association is to provide professional development leadership and support for its membership to promote quality music instruction and experiences for all students as part of a complete education.

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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 $13,544
Program Service Revenue $172,432
Investment Income $0
Other Revenue $0
TOTAL REVENUE $185,976

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,884
Other Expenses $186,860
TOTAL EXPENSES $186,860

Year-over-Year Comparison

2023 2022 Change
Revenue $185,976 N/A N/A
Expenses $186,860 N/A N/A
Net Income $-884 N/A N/A
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
45

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Sabatini President-Elect 5.00
Officer
$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 $185,976 $186,860 $99,649 $-884
2021 $128,782 $64,517 No data $64,265
2020 $124,678 $120,464 $120,642 $4,214
2019 $169,674 $166,646 $116,428 $3,028
2018 $157,454 $193,993 $112,689 $-36,539
2017 $161,831 $167,999 $149,553 $-6,168
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