OHIO MUSIC EDUCATION ASSOCIATION (CENTRAL ORGANIZATION) (EIN 316077318) - 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

1964

Legal Domicile

Principal Officer

JAY WARDESKA

Phone

3303213738

Tax Period

2023-07-01 to 2024-06-30

OHIO MUSIC EDUCATION ASSOCIATION (CENTRAL ORGANIZATION), founded in 1964, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 10% surplus.

Mission

THE "MUTUAL HELPFULNESS AND PROMOTION OF ALL PHASES OF MUSIC EDUCATION IN ALL SCHOOLS AND COMMUNITIES BY ALL LEGITIMATE AND EFFECTIVE MEANS". THE ORGANIZATION CARRIES OUT THESE OBJECTIVES THROUGH A BROAD PROGRAM OF EDUCATION AND ENRICHMENT. THE PROGRAMS ARE BOTH STUDENT ORIENTED AND TEACHER ORIENTED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,483,068

Investment Income $62,753

Other Revenue $120,218

TOTAL REVENUE $1,666,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,745

Fundraising Expenses $0

Other Expenses $1,164,040

TOTAL EXPENSES $1,502,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,666,039	$1,544,384	+0.1%
Expenses	$1,502,785	$1,535,722	0.0%
Net Income	$163,254	$8,662	+17.8%

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

200

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

$94,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL RUCKMAN	PRESIDENT	0.00	Officer Director	$0	$0	$0
BRIAN STEVENS	PRESIDENT - ELECT	0.00	Officer Director	$0	$0	$0
ANN USHER	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
BRANDON DUVALL	TREASURER	0.00	Officer Director	$0	$0	$0
STEPHANIE BONITZ	SECRETARY	0.00	Officer Director	$0	$0	$0
HILARY PATRIOK	EDITOR OF TRIAD	0.00	Officer Director	$0	$0	$0
JAY WARDESKA	EXECUTIVE DIRECTOR	40.00	Officer	$92,500	$2,475	$94,975

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	$1,666,039	$1,502,785	$2,062,114	$163,254
2023	$1,544,384	$1,535,722	$1,764,569	$8,662
2022	$1,339,352	$1,292,435	$1,669,334	$46,917
2021	$455,315	$661,542	$1,891,574	$-206,227
2020	$1,292,079	$1,319,764	$1,767,950	$-27,685
2019	$1,316,190	$1,387,573	$1,855,199	$-71,383

OHIO MUSIC EDUCATION ASSOCIATION (CENTRAL ORGANIZATION)