SOCIETY FOR THE PRESERVATION OF BLUEGRASS MUSIC OF AMERICA (EIN 237439534) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

STEPHANIE JONES

Phone

6606653747

Tax Period

2025-01-01 to 2025-12-31

SOCIETY FOR THE PRESERVATION OF BLUEGRASS MUSIC OF AMERICA, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $363K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

TO PRESERVE, PROMOTE AND ENCOURAGE NEW DEVELOPMENT IN BLUEGRASS MUSIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,310

Program Service Revenue $357,982

Investment Income $134

Other Revenue $0

TOTAL REVENUE $363,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,199

Fundraising Expenses $0

Program Expenses $302,717

Other Expenses $314,781

TOTAL EXPENSES $377,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$363,426	$412,643	-0.1%
Expenses	$377,980	$410,399	-0.1%
Net Income	$-14,554	$2,244	-7.5%

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

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

$63,199

Total Directors

$63,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ELMORE	DIRECTOR	5.00	Director	$0	$0	$0
SUZANNE M ELMORE	EXECUTIVE DIRECTOR	25.00	Officer Director	$32,500	$0	$32,500
STEPHANIE L JONES	PRESIDENT/SECRETARY	30.00	Officer Director	$30,699	$0	$30,699
DA CALLAWAY	DIRECTOR	1.00	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	$363,426	$377,980	$253,211	$-14,554
2024	$412,643	$410,399	$268,673	$2,244
2023	$391,969	$320,815	$265,201	$71,154
2022	$215,782	$324,640	$194,047	$-108,858
2021	$165,300	$71,196	$446,933	$94,104
2020	$297,369	$364,528	$352,829	$-67,159
2019	$324,365	$375,905	$422,197	$-51,540
2018	$273,614	$353,958	$471,569	$-80,344

SOCIETY FOR THE PRESERVATION OF BLUEGRASS MUSIC OF AMERICA