TOURNAMENT OF BANDS MUSIC FESTIVAL… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

TIMOTHY KONDZIELA

Phone

6107306872

Tax Period

2023-01-01 to 2023-12-31

TOURNAMENT OF BANDS MUSIC FESTIVALS INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $241K, a strong 20% operating margin.

Mission

MUSIC EDUCATION INSTRUCTION

Program Service Accomplishments

Program 1

Expenses: $941,116 Revenue: $1,172,966

PROVIDES COMPETITION AMONG PARTICIPATING SCHOOLS TO EXCEL IN MUSIC PERFORMANCE, EDUCATIONAL INSTRUCTION TO INDIVIDUAL GROUPS IN THE AREAS OF INSTRUMENTAL AND CHORAL PERFORMANCES.

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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 $0

Program Service Revenue $1,182,629

Investment Income $31,023

Other Revenue $-9,663

TOTAL REVENUE $1,203,989

Expense Breakdown

Grants Paid $31,000

Salaries & Benefits $131,806

Fundraising Expenses $0

Program Expenses $941,116

Other Expenses $799,768

TOTAL EXPENSES $962,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,203,989	$946,633	+0.3%
Expenses	$962,574	$763,342	+0.3%
Net Income	$241,415	$183,291	+0.3%

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

N/A

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

$98,854

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY KONDZIELA	PRESIDENT	60.00	Officer	$50,000	$0	$50,000
TIMOTHY BEAN	VICE PRESIDENT	25.00	Officer	$10,000	$0	$10,000
PIERCE SANUTE	SECRETARY	10.00	Officer	$6,354	$0	$6,354
JEANNIE ROTHSCHING	TREASURER	18.00	Officer	$12,500	$0	$12,500
JUSTIN SMITH	AT-LARGE	14.00	Officer	$20,000	$0	$20,000

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	$1,203,989	$962,574	$2,002,281	$241,415
2022	$946,633	$763,342	$1,760,866	$183,291
2021	$238,202	$258,954	$1,577,575	$-20,752
2020	$347,276	$690,106	$1,598,327	$-342,830
2019	$1,276,919	$1,115,462	$1,941,157	$161,457
2018	$1,227,745	$1,111,663	$1,779,700	$116,082

TOURNAMENT OF BANDS MUSIC FESTIVALS INC