MIDWEST MUSIC FOUNDATION INC (EIN 270673514) - 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

2010

Legal Domicile

Principal Officer

RHONDA LYNE

Tax Period

2023-01-01 to 2023-12-31

MIDWEST MUSIC FOUNDATION INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $290K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 58% operating margin.

Mission

THE MIDWEST MUSIC FOUNDATION UNITES AND EMPOWERS THE KANSAS CITY AREA MUSIC COMMUNITY BY PROVIDING HEALTH CARE ASSISTANCE, EDUCATION AND CAREER DEVELOPMENT, EVENTS AND RESOURCES.

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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 $279,370

Program Service Revenue $0

Investment Income $518

Other Revenue $9,859

TOTAL REVENUE $289,747

Expense Breakdown

Grants Paid $110,018

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,359

Other Expenses $10,763

TOTAL EXPENSES $120,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,747	$139,213	+1.1%
Expenses	$120,781	$127,782	-0.1%
Net Income	$168,966	$11,431	+13.8%

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

N/A

Volunteers

107

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
JERRY JONES	BOARD MEMBER	5.00	Director	$0	$0	$0
MOLLY GOTOBED	BOARD MEMBER	5.00	Director	$0	$0	$0
SONIA HALL	BOARD MEMBER	5.00	Director	$0	$0	$0
EDDIE MOORE	BOARD MEMBER	5.00	Director	$0	$0	$0
SKEET HANKS	BOARD MEMBER	5.00	Director	$0	$0	$0
SONDRA FREEMAN	DIRECTOR OF PROMOTIONS	20.00	Director	$0	$0	$0
MICHELLE BACON	BOARD MEMBER	5.00	Director	$0	$0	$0
RHONDA LYNE	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
AMBER HULET	PRESIDENT	5.00	Officer	$0	$0	$0
ERIC BARTON	TREASURER	5.00	Officer	$0	$0	$0
JULIA HAILE	SECRETARY	5.00	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
2023	$289,747	$120,781	$322,558	$168,966

MIDWEST MUSIC FOUNDATION INC