Ottley Music School Inc (EIN 311699713) - 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

1999

Legal Domicile

Phone

3014540991

Tax Period

2022-07-01 to 2023-06-30

Ottley Music School Inc, founded in 1999, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2022. Expenses of $154K exceeded revenue, resulting in a 17% operating deficit.

Mission

Offer vocal and music instruction on a variety of instruments to any person regardless of age, race, creed, national origin or musical goals

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,843

Program Service Revenue $107,861

Investment Income $140

Other Revenue $1,147

TOTAL REVENUE $131,991

Expense Breakdown

Grants Paid $5,257

Salaries & Benefits $53,609

Fundraising Expenses $0

Program Expenses $84,414

Other Expenses $95,487

TOTAL EXPENSES $154,353

Year-over-Year Comparison

	2022	2021	Change
Revenue	$131,991	$128,729	+0.0%
Expenses	$154,353	$236,063	-0.3%
Net Income	$-22,362	$-107,334	-0.8%

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

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

$35,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nevilla E Ottley	Secretary/Principal	15	Officer	$21,070	$0	$21,070
Tyrone Short	Executive Director	8	Officer	$0	$0	$0
Rhonda F Bedell MBA CPA	Contract CFO	10	Officer	$14,200	$0	$14,200
Darien Claxton	Member	1	Director	$0	$0	$0
Jonathan Adjahoe	Member	1	Director	$0	$0	$0
Karen Simmons-Bethea	Member	1	Director	$0	$0	$0
Alis Adjahoe	Member	1	Director	$0	$0	$0
Sharon Johnson	Member	1	Director	$0	$0	$0
Cleavon Davis	Member	1	Director	$0	$0	$0
Jason Henderson	Member	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
2023	$131,991	$154,353	$99,482	$-22,362
2022	$128,729	$236,063	$112,280	$-107,334
2021	$125,767	$221,376	$70,191	$-95,609
2020	$115,323	$148,333	$110,314	$-33,010
2019	$168,430	$139,417	$71,220	$29,013
2018	$145,551	$158,351	$43,585	$-12,800

Ottley Music School Inc