LEAD GUITAR

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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

2006

Legal Domicile

Principal Officer

MARC SANDROFF

Phone

5203292312

Tax Period

2024-07-01 to 2025-06-30

LEAD GUITAR, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $822K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

LEAD GUITAR IMPROVES STUDENT GRADES, GRADUATION RATES, RESILIENCE AND LIFE SKILLS BY DELIVERING FREE IN-SCHOOL GUITAR PROGRAMS TO KIDS FACING SIGNIFICANT SOCIOECONOMIC CHALLENGES OR OTHER BARRIERS TO EXPERIENCING THE TRANSFORMATIVE POWER OF MAKING MUSIC.

Program Service Accomplishments

Program 1

Expenses: $835,321 Revenue: $23,179

IN THE 2024-25 ACADEMIC YEAR, LEAD GUITAR SERVED 257 CLASSROOMS IN 105 SCHOOLS IN 6 STATES, TEACHING 7,590 STUDENTS TO PLAY GUITAR AND 129 PUBLIC SCHOOL TEACHERS TO TEACH GUITAR. LEAD GUITAR BROUGHT PROFESSIONAL GUITARISTS TO 15 IN-SCHOOL ASSEMBLIES OVER THE SCHOOL YEAR AND HOSTED SEVEN SPRING SHOWCASE CONCERTS IN APRIL AND MAY 2025. LEAD GUITAR ALSO PRODUCES A TWICE-YEARLY YOUTUBE BROADCAST CALLED WE ARE GUITAR, FEATURING GUEST GUITAR LUMINARIES, INTERVIEWS WITH GUEST ARTISTS AND STUDENTS, AND STUDENT VIRTUAL GUITAR ENSEMBLE PERFORMANCES ALONG WITH EACH GUEST ARTIST. THE SHOW WAS ORIGINALLY DEVELOPED DURING THE PANDEMIC AS A REPLACEMENT FOR SHOWCASE CONCERTS. DURING THE YEAR ENDED JUNE 30, 2025, LEAD GUITAR PROVIDED EIGHT HOURS OF FORMAL PROFESSIONAL DEVELOPMENT SESSIONS FOR 129 CERTIFIED PUBLIC-SCHOOL TEACHERS IN TUCSON, PHOENIX, LOS ANGELES, DENVER, CHICAGO, DETROIT AND ATLANTA. WORKSHOPS WERE HOSTED ONLINE (NATIONALLY) AND IN- PERSON IN EACH LOCAL MARKET. WORKSHOPS UTILIZED THE TALENTS OF EVERY STAFF MEMBER TO EITHER TEACH A PORTION OF THE WORKSHOP OR PROVIDE UP TO 90 MINUTES OF PRIVATE LESSONS PER ATTENDEE.

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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 $860,773

Program Service Revenue $23,179

Investment Income $8,358

Other Revenue $-70,230

TOTAL REVENUE $822,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,556

Fundraising Expenses $80,247

Program Expenses $835,321

Other Expenses $477,776

TOTAL EXPENSES $1,062,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$822,080	$1,932,357	-0.6%
Expenses	$1,062,332	$1,123,973	-0.1%
Net Income	$-240,252	$808,384	-1.3%

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

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

$134,049

Total Directors