Vineyard Music USA (EIN 330642683) - 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

2004

Legal Domicile

Principal Officer

PHIL STROUT

Phone

2815658463

Tax Period

2023-01-01 to 2023-12-31

Vineyard Music USA, founded in 2004, is a community nonprofit in the Religion sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

To discover, document and distribute worship music from Vineyard churches and to promote worship in the Vineyard.

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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 $2,250

Program Service Revenue $1,024,339

Investment Income $9,804

Other Revenue $5,385

TOTAL REVENUE $1,041,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,501

Fundraising Expenses $0

Program Expenses $1,179,387

Other Expenses $1,028,325

TOTAL EXPENSES $1,274,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,041,778	$1,796,676	-0.4%
Expenses	$1,274,826	$1,806,986	-0.3%
Net Income	$-233,048	$-10,310	+21.6%

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

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

$361,017

Total Directors

$197,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY PATHAK	President	1.00	Officer Director	$0	$0	$138,653
ELGIE JUSTICE JR	Ntl Coordinator	1.00	Officer	$0	$534	$135,713
JOYCE O'CONNOR	Secretary/Treas	1.00	Officer	$0	$2,989	$86,651
ADAM RUSSELL	Executive Dir.	1.00	Director	$0	$0	$58,368
PHIL STROUT	Chairman	1.00	Officer Director	$0	$0	$0
TED KIM	Director	1.00	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
2024	No data	No data	No data	No data
2023	$1,041,778	$1,274,826	$348,532	$-233,048
2022	$1,796,676	$1,806,986	$574,749	$-10,310
2021	$913,708	$970,509	$585,436	$-56,801
2020	$601,877	$867,482	$631,887	$-265,605
2019	$1,148,136	$1,209,544	$1,212,109	$-61,408
2018	$1,162,723	$1,278,207	$1,332,555	$-115,484

Vineyard Music USA