Canzion Institute of Music (EIN 300111430) - 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

2022

Legal Domicile

Principal Officer

Eunice Rodriguez

Phone

7742269466

Tax Period

2024-01-01 to 2024-12-31

Canzion Institute of Music, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Ministry Music Education

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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 $38,032

Program Service Revenue $1,134,718

Investment Income $0

Other Revenue $3,714

TOTAL REVENUE $1,176,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,113

Fundraising Expenses $0

Program Expenses $673,900

Other Expenses $963,879

TOTAL EXPENSES $1,274,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,176,464	$1,302,334	-0.1%
Expenses	$1,274,992	$1,232,372	+0.0%
Net Income	$-98,528	$69,962	-2.4%

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

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

$51,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan M Witt	President	1.00	Director	$0	$0	$0
Andres Panasiuk	Vice President	1.00	Director	$0	$0	$0
Duane R Nisly	Secretary/Treasurer	1.00	Director	$0	$0	$0
Lee Anne Risk	Board Member	1.00	Director	$0	$0	$0
Abraham Diaz	Board Member	1.00	Director	$0	$0	$0
Eunice Rodriguez	Executive Director	22.00	Director	$51,757	$0	$51,757

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	$1,176,464	$1,274,992	$616,468	$-98,528
2022	$1,336,315	$1,095,724	$663,394	$240,591
2021	$884,819	$839,801	$424,046	$45,018
2020	$1,015,754	$1,171,232	$427,030	$-155,478
2019	$1,575,962	$1,479,913	$614,285	$96,049
2018	$1,661,760	$1,508,369	$545,507	$153,391

Canzion Institute of Music