JOY OF MUSIC YOUTH MUSIC SCHOOL CORPORATION (EIN 311776315) - 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

2001

Legal Domicile

Principal Officer

MICHAEL RAY

Phone

8655256806

Tax Period

2024-07-01 to 2025-06-30

JOY OF MUSIC YOUTH MUSIC SCHOOL CORPORATION, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $878K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $762K left a modest 13% surplus.

Mission

TO PROVIDE A QUALITY MUSIC EDUCATION PROGRAM FOR FINANCIALLY DISADVANTAGED, AT-RISK YOUTH

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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 $364,630

Program Service Revenue $0

Investment Income $435,421

Other Revenue $77,728

TOTAL REVENUE $877,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,662

Fundraising Expenses $92,891

Program Expenses $522,910

Other Expenses $367,509

TOTAL EXPENSES $762,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$877,779	$786,675	+0.1%
Expenses	$762,171	$814,680	-0.1%
Net Income	$115,608	$-28,005	-5.1%

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

105

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

$110,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS GRAFFEO	EXECUTIVE DI	40.00	Officer	$110,202	$0	$110,202
TYLER BOLDIN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BRACKNEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK CARL	DIRECTOR	1.00	Director	$0	$0	$0
TREY COLEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL COMBS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL FORD	DIRECTOR	1.00	Director	$0	$0	$0
JERRY GREENE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSIE HAAS	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
ROB MASENGILL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MATEO	DIRECTOR	1.00	Director	$0	$0	$0
CAVANAUGH MIMS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PARROTT	DIRECTOR	1.00	Director	$0	$0	$0
CLAY PREWITT	DIRECTOR	1.00	Director	$0	$0	$0
MICK REED	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROSSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SEPANIAK	DIRECTOR	1.00	Director	$0	$0	$0
FRANK VENABLE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RAY	EXECUTIVE DI	40.00	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
2025	$877,779	$762,171	$5,577,554	$115,608
2024	$786,675	$814,680	$5,506,669	$-28,005
2023	$968,124	$653,135	$5,204,454	$314,989
2022	$430,789	$582,533	$4,574,957	$-151,744
2021	$500,293	$539,780	$5,058,627	$-39,487
2020	$2,743,336	$527,944	$4,635,812	$2,215,392
2019	$854,972	$500,184	$2,592,560	$354,788
2018	$491,636	$486,553	$2,231,502	$5,083

JOY OF MUSIC YOUTH MUSIC SCHOOL CORPORATION