Akron Music Parents Association Inc

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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

Pete Stachowiak

Tax Period

2017-09-01 to 2018-08-31

Akron Music Parents Association Inc, founded in 2008, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2017. Revenue surged 118% from the prior year, signaling strong growth momentum.

Mission

To maintain a scholarship for students

Program Service Accomplishments

Program 1

Expenses: $209,510

Provided scholarships for students to participate in various Akron Central School music programs and music lessons for the music groups of the district and expenses for events.

Program 2

Expenses: $70,070

Activities to encourage contributions for scholarships and related music program expenses.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,786

Investment Income $43

Other Revenue $0

TOTAL REVENUE $267,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,580

Other Expenses $277,580

TOTAL EXPENSES $279,580

Year-over-Year Comparison

	2017	2016	Change
Revenue	$267,829	$122,795	+1.2%
Expenses	$279,580	$105,541	+1.6%
Net Income	$-11,751	$17,254	-1.7%

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

N/A

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
Sherie Czechowksi	Director	5.00	Director	$0	$0	$0
Tammy Kowalik	Board Member	5.00	Director	$0	$0	$0
Shawna Cleversly	Director	5.00	Director	$0	$0	$0
Shannon Kern	Director	5.00	Director	$0	$0	$0
Pete Stachowiak	President	10.00	Officer	$0	$0	$0
Jacki Janis	Secretary	5.00	Officer	$0	$0	$0
Daniel Borchert	Treasurer	10.00	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
2018	$267,829	$279,580	$85,907	$-11,751