AIKEN MUSIC FESTIVAL (EIN 262892095) - 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

SUSIE FERRARA

Phone

8032708910

Tax Period

2024-05-01 to 2025-04-30

AIKEN MUSIC FESTIVAL, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $376K exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO ENHANCE THE QUALITY AND ENRICH THE CULTURAL LIFE OF OUR CITY THROUGH VARIOUS MUSIC ENSEMBLES AND CONCERTS. THE MISSION IS TO SUPPORT THE ADVANCEMENT OF THE MUSICAL ARTS AND SERVE THE COMMUNITY BY EDUCATING THE PUBLIC, INSPIRING NEW GENERATIONS OF BOTH AUDIENCES AN MUSICIANS, GIVING YOUNG MUSICIANS AND OPPORTUNITY TO SERVE SOCIETY, AND PROVIDING ESTABLISHED PROFESSIONAL MUSICIANS OPPORTUNITY TO RECOMMIT THEMSELVES TO MUSIC EDUCATION AND TO PURSUE NEW DIRECTIONS IN THEIR OWN ART.

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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 $279,297

Program Service Revenue $58,385

Investment Income $375

Other Revenue $0

TOTAL REVENUE $338,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,737

Fundraising Expenses $0

Program Expenses $265,024

Other Expenses $295,486

TOTAL EXPENSES $376,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,057	$383,906	-0.1%
Expenses	$376,223	$442,601	-0.1%
Net Income	$-38,166	$-58,695	-0.3%

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

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

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE JENNINGS	EXECUTIVE DI	40.00	Director	$75,000	$0	$75,000
NEWKIRK BARNES	TRUSTEE	1.00	Director	$0	$0	$0
JACK BENJAMIN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC BOETSCH	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES CAPALINO	TRUSTEE	1.00	Director	$0	$0	$0
CLIFF DYCHES	TRUSTEE	1.00	Director	$0	$0	$0
SUSIE FERRARA	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR SANDRA FIELD	CHAIRMAN	2.00	Director	$0	$0	$0
KIMBERLY FONTANEZ	TRUSTEE	1.00	Director	$0	$0	$0
ERIC GORDON	EX OFFICIO	1.00	Director	$0	$0	$0
JANE HOTTENSEN	TRUSTEE	1.00	Director	$0	$0	$0
ELLIE JOOS	SECRETARY	2.00	Officer Director	$0	$0	$0
MAGDALENA KUHN	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA LOCKHART	TRUSTEE	1.00	Director	$0	$0	$0
CATHY MERRIFIELD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEVE NAIFEH	CHAIRMAN EME	2.00	Director	$0	$0	$0
LAUREN PLOCH	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR RICH	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW SIDERS	EX OFFICIO	1.00	Director	$0	$0	$0
JULIE WHITESELL	TRUSTEE	1.00	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
2025	$338,057	$376,223	$76,101	$-38,166
2024	$383,906	$442,601	$114,342	$-58,695
2023	$405,453	$389,720	$172,950	$15,733
2022	$369,373	$501,892	$157,369	$-132,519
2021	$256,907	$153,866	$290,060	$103,041
2020	$373,155	$368,313	$189,024	$4,842
2019	$375,607	$380,116	$178,959	$-4,509

AIKEN MUSIC FESTIVAL