CHURCH MUSIC INSTITUTE (EIN 262938610) - 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

Charlotte Y Kroeker

Phone

2147517669

Tax Period

2023-01-01 to 2023-12-31

CHURCH MUSIC INSTITUTE, founded in 2008, is a small nonprofit in the Religion sector that reported $449K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $207K, a strong 46% operating margin.

Mission

Provide educational courses, workshops, and on-site and online resources for training musicians, pastors, and laypersons and research in the field of church 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 $351,073

Program Service Revenue $40,598

Investment Income $57,161

Other Revenue $115

TOTAL REVENUE $448,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,869

Fundraising Expenses $0

Program Expenses $193,394

Other Expenses $116,776

TOTAL EXPENSES $241,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,947	$496,988	-0.1%
Expenses	$241,645	$301,933	-0.2%
Net Income	$207,302	$195,055	+0.1%

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

$40,000

Total Directors

$42,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlotte Kroeker	Director & Executive Director	40	Officer Director	$40,000	$0	$40,000
Ellen Johnston	Director	1	Director	$2,125	$0	$2,125
Paul Westermeyer	Director	1	Director	$0	$0	$0
Tracy Gomes	Director & Treasurer	1	Officer Director	$0	$0	$0
James Haner	Director	1	Director	$0	$0	$0
Robert Mann	Director	30	Director	$0	$0	$0
Sue McAdams	Director & Board Vice Chair	2	Officer Director	$0	$0	$0
Andrew Odom	Director & Board Chair	4	Officer Director	$0	$0	$0
Diana Warner	Director	1	Director	$0	$0	$0
Kim Warner	Director	1	Director	$0	$0	$0
Annell Williams	Director & Secretary	1	Officer Director	$0	$0	$0
Newell Williams	Director	1	Director	$0	$0	$0
Rebecca Gafford	Director	1	Director	$0	$0	$0
Tim Shewmaker	Director	1	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$448,947	$241,645	$1,764,271	$207,302
2022	$496,988	$301,933	$1,435,837	$195,055
2021	$502,332	$250,997	$1,426,010	$251,335
2020	$399,149	$240,805	$1,055,038	$158,344

CHURCH MUSIC INSTITUTE