I LOVE MUSIC TOUR INC (EIN 260275756) - 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

2007

Legal Domicile

Principal Officer

Michael Butler

Phone

9044384568

Tax Period

2024-09-01 to 2025-08-31

I LOVE MUSIC TOUR INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $410K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $453K exceeded revenue, resulting in a 11% operating deficit.

Mission

The I Love Music Tour Foundation is dedicated to advancing the positive impact and significance of music education within our schools. Our mission is to collaborate with national sponsors, donors, and volunteers to empower students by creating and enhancing resources and educational platforms for schools nationwide. Through our efforts, we aim to foster a supportive environment that encourages the exploration and appreciation of music, enriching the educational experience for students across the country.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $409,999

Investment Income $309

Other Revenue $0

TOTAL REVENUE $410,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,997

Fundraising Expenses $0

Program Expenses $453,403

Other Expenses $377,406

TOTAL EXPENSES $453,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,308	$464,455	-0.1%
Expenses	$453,403	$542,756	-0.2%
Net Income	$-43,095	$-78,301	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lola Argalas	member at large	15	Officer	$0	$0	$0
Michael Butler	Executive Director	35	Officer	$0	$0	$0
William Cottam	Vice President	15	Officer	$0	$0	$0
Sam Clark	Vice President	15	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
2025	$410,308	$453,403	$-43,094	$-43,095
2024	$464,455	$542,756	$-78,300	$-78,301
2023	$570,637	$694,245	$-123,610	$-123,608
2022	$604,942	$635,322	$-30,381	$-30,380
2021	$448,342	$593,151	$-202,741	$-144,809
2020	$407,335	$465,267	No data	$-57,932

I LOVE MUSIC TOUR INC