LEAD GUITAR (EIN 261416560) - 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

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.

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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

$134,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD RICHTER	SECRETARY, E	40.00	Officer Director	$112,325	$21,724	$134,049
DANIEL BUESCHEL	DIRECTOR	1.75	Director	$0	$0	$0
CAROL CUNNINGHAM	DIRECTOR	1.75	Director	$0	$0	$0
DOUG DECLUSIN	DIRECTOR	1.50	Director	$0	$0	$0
GLENN HOWELL	DIRECTOR	1.50	Director	$0	$0	$0
HALEY HOWELL	DIRECTOR	1.50	Director	$0	$0	$0
CLINT MABIE	DIRECTOR	3.00	Director	$0	$0	$0
TIM MIKLAUCIC	DIRECTOR	1.00	Director	$0	$0	$0
JOE MILLSTONE	DIRECTOR	0.75	Director	$0	$0	$0
DIANE QUEVEDO	DIRECTOR	0.75	Director	$0	$0	$0
MARC SANDROFF	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEFF SATER	TREASURER	3.00	Officer Director	$0	$0	$0
THERESA SEIFERT	DIRECTOR	1.75	Director	$0	$0	$0
JONATHAN THOMAS	DIRECTOR	0.75	Director	$0	$0	$0
KIMEIA VU	DIRECTOR	0.75	Director	$0	$0	$0
MONIKA WILEY	DIRECTOR	0.75	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	$822,080	$1,062,332	$953,674	$-240,252
2024	$1,932,357	$1,123,973	$1,180,837	$808,384
2023	$854,447	$875,988	$366,413	$-21,541
2022	$804,490	$637,836	$382,387	$166,654
2021	$603,649	$505,074	$209,194	$98,575
2020	$420,352	$443,365	$215,871	$-23,013
2019	$394,183	$377,921	No data	$16,262

LEAD GUITAR