AMERICAN PIANO AWARDS INC (EIN 310969640) - 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

1979

Legal Domicile

Principal Officer

CHRIS WILLIAMS

Phone

3179409945

Tax Period

2024-07-01 to 2025-06-30

AMERICAN PIANO AWARDS INC, founded in 1979, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF APA IS TO DISCOVER, PROMOTE AND ADVANCE THE CAREERS OF YOUNG, AMERICAN, WORLD-CLASS, JAZZ AND CLASSICAL PIANISTS.

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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 $1,281,689

Program Service Revenue $104,311

Investment Income $57,848

Other Revenue $0

TOTAL REVENUE $1,443,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,315

Fundraising Expenses $278,784

Program Expenses $1,366,022

Other Expenses $1,186,896

TOTAL EXPENSES $1,954,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,443,848	$3,804,431	-0.6%
Expenses	$1,954,211	$1,284,919	+0.5%
Net Income	$-510,363	$2,519,512	-1.2%

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

$210,631

Total Directors

$210,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WILLIAMS	PRESIDENT AND CEO	40.00	Officer Director	$195,959	$14,672	$210,631
DAVID PENTZIEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG GOELZER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEBORAH HEARN-SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
TOM BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
EZRA BURDICK	DIRECTOR	1.00	Director	$0	$0	$0
KATASHA BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT P CHAN	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY C EGAN	DIRECTOR	1.00	Director	$0	$0	$0
DR GARY GEIPEL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GOODRID LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIA HICKS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUBER	DIRECTOR	2.00	Director	$0	$0	$0
DR WILLIAM KLEINMAN	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE KROEFF	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA LUFFER-ATLAS	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN MILLS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STEENSLAND	DIRECTOR	1.00	Director	$0	$0	$0
CARLY TEBELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TIRMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN TOWNS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL W WELLS	DIRECTOR	1.00	Director	$0	$0	$0
TERRY WHITT BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH ANN HIRSCHMAN	DIRECTOR OF ADVANCEMENT	40.00	Highest	$100,586	$9,768	$110,354

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	$1,443,848	$1,954,211	$16,933,021	$-510,363
2024	$3,804,431	$1,284,919	$16,283,849	$2,519,512
2023	$863,871	$1,679,723	$12,157,081	$-815,852
2022	$1,689,195	$1,073,253	$12,496,518	$615,942
2021	$1,708,505	$1,495,829	$13,211,143	$212,676
2020	$1,540,309	$1,111,063	$11,020,440	$429,246
2019	$1,181,409	$1,357,987	$10,962,455	$-176,578
2018	$1,118,501	$1,117,268	$10,958,772	$1,233

AMERICAN PIANO AWARDS INC