HURON MUSIC ASSOCIATION

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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

2004

Legal Domicile

Principal Officer

SANDY ALDRICH

Tax Period

2018-08-01 to 2019-07-31

HURON MUSIC ASSOCIATION, founded in 2004, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2018. Expenses of $67K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE HURON MUSIC ASSOCIATION IS TO SUPPORT THE HURON MUSIC DEPARTMENT THROUGH FUND RAISING AND VOLUNTEER EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $67,296 Revenue: $6,344

PROMOTE HURON HIGH SCHOOL MUSIC DEPARTMENT THROUGH FUNDRAISING AND VOLUNTEER EFFORTS

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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 (2018)

Revenue Breakdown

Contributions & Grants $50,269

Program Service Revenue $6,344

Investment Income $447

Other Revenue $0

TOTAL REVENUE $57,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,296

Other Expenses $67,296

TOTAL EXPENSES $67,296

Year-over-Year Comparison

	2018	2017	Change
Revenue	$57,060	N/A	N/A
Expenses	$67,296	N/A	N/A
Net Income	$-10,236	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY ALDRICH	PRESIDENT	N/A	Officer	$0	$0	$0
ALENA STOCKING	VP & TREASUR	N/A	Officer	$0	$0	$0
SUZY STEIN	SECRETARY	N/A	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
2019	$57,060	$67,296	$106,837	$-10,236