SOCIETY FOR THE PRESERVATION OF BLUEGRASS MUSIC OF AMERICA

EIN: 237439534 501(c)(3) Arts, Culture & Humanities

KIRKSVILLE, MO

Total Revenue
$363,426
Total Expenses
$377,980
Total Assets
$253,211
Net Assets
$251,098
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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
MO
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

THE PRIMARY PURPOSE IS TO PRESERVE, PROMOTE AND ENCOURAGE NEW DEVELOPMENT IN BLUEGRASS MUSIC AND TO DO ANY AND ALL THINGS NECESSARY OR INCIDENTAL THERETO

Program Service Accomplishments

Program 1
Expenses: $7,185

THE ORGANIZATION PUBLISHES AN ANNUAL INFORMATION GUIDES AND EVENT FLIERS FOR MEMBERS. BENEFITING APPROXIMATELY 2,000 PEOPLE.

Program 2
Expenses: $295,532 Revenue: $358,116

ORGANIZED AND MANAGED BLUEGRASS MUSIC FESTIVALS AND SHOWS, INCLUDING THE ANNUAL AWARDS AND BAND COMPETITION SHOW BENEFITING APPROXIMATELY 2,500 PEOPLE.

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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 (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

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Governance

Voting Members
4
Independent Members
1
Employees
2
Volunteers
10

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
2
$63,199
Total Directors
4
$63,199
Key Employees
0
$0
Highest Compensated
0
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
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