ACADEMY OF MUSIC OUTREACH (EIN 261780228) - 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

2008

Legal Domicile

Principal Officer

WILLIAM HILEY

Phone

6196910499

Tax Period

2023-01-01 to 2023-12-31

ACADEMY OF MUSIC OUTREACH, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $295K exceeded revenue, resulting in a 11% operating deficit.

Mission

MISSION CONSISTS PRIMARILY OF BRINGING MUSIC AND THE ARTS THROUGH PERFORMANCE AND EDUCATIONAL PROGRAMS TO UNDERFUNDED AND UNDER REPRESENTED CHILDREN SO THEY WILL HAVE A CHANCE TO STUDY VOCAL AND INSTRUMENTAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $265,455

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,791

Fundraising Expenses $0

Program Expenses $250,366

Other Expenses $87,323

TOTAL EXPENSES $295,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,455	$244,870	+0.1%
Expenses	$295,114	$283,993	+0.0%
Net Income	$-29,659	$-39,123	-0.2%

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

N/A

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

$84,000

Total Directors

$84,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HILEY	EXECUTIVE DIRECTOR	50.00	Officer Director	$84,000	$0	$84,000
ANDREA HILEY	SECRETARY	4.00	Officer Director	$0	$0	$0
REBECCA HILEY	BOARD MEMBER	4.00	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
2024	No data	No data	No data	No data
2023	$265,455	$295,114	$147,797	$-29,659
2022	$244,870	$283,993	$170,132	$-39,123
2021	$276,000	$254,636	$196,126	$21,364
2020	$183,829	$275,281	$193,236	$-91,452
2019	$306,013	$304,759	$88,580	$1,254
2018	$275,389	$273,114	$87,578	$2,275

ACADEMY OF MUSIC OUTREACH