Open Tone Music (EIN 273088230) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Kimberly Cole

Phone

3304692333

Tax Period

2024-01-01 to 2024-12-31

Open Tone Music, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $371K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum.

Mission

Work with boys and girls to develop musical skills

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,890

Program Service Revenue $146,547

Investment Income $0

Other Revenue $0

TOTAL REVENUE $371,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,022

Fundraising Expenses $0

Program Expenses $356,379

Other Expenses $326,766

TOTAL EXPENSES $391,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,437	$208,717	+0.8%
Expenses	$391,788	$351,009	+0.1%
Net Income	$-20,351	$-142,292	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,000

Total Directors

$80,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Cole	Chairperson	1.00	Officer	$0	$0	$0
Sunceray Tabler	Secretary/Treasurer	1.00	Officer	$0	$0	$1,000
Jenn Kidd	Trustee	1.00	Director	$0	$0	$0
James Chones	Trustee	1.00	Director	$0	$0	$0
Melinda Staton	Trustee	1.00	Director	$0	$0	$0
Jay Musson	Trustee	1.00	Director	$0	$0	$0
Chris West	Former Treasurer	2.00		$0	$0	$0
Will Blake	Director	5.00	Director	$12,000	$0	$12,000
Chris Anderson	Executive Director	40.00	Director	$0	$0	$15,763
Matt Garrett	Program Director	40.00	Director	$45,928	$0	$52,979

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	$371,437	$391,788	$7,949	$-20,351
2023	$208,717	$351,009	$6,720	$-142,292
2022	$403,183	$372,079	$133,729	$31,104
2021	$324,675	$321,627	$108,563	$3,048
2019	$254,646	$273,905	$33,315	$-19,259

Open Tone Music