HURON MUSIC ASSOCIATION

EIN: 320117316 501(c)(3) Education

ANN ARBOR, MI

Total Revenue
$57,060
Total Expenses
$67,296
Total Assets
$106,837
Net Assets
$106,837
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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
MI
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.

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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%)

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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

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Governance

Voting Members
14
Independent Members
11
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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