CLOVERLEAF MUSIC ASSOCIATES INC (EIN 341395610) - 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

1983

Legal Domicile

Principal Officer

Kent Davis

Phone

3308872572

Tax Period

2023-01-01 to 2023-12-31

CLOVERLEAF MUSIC ASSOCIATES INC, founded in 1983, is a small nonprofit that reported $205K in total revenue in fiscal year 2023. Revenue surged 180% from the prior year, signaling strong growth momentum. Expenses of $183K left a modest 11% surplus.

Mission

Our primary objectives are: 1. To further interest in music education and promote the Cloverleaf Music program. 2. To aid in providing funds for music education expenses and equipment. 3. To provide assistance to the music teachers as required, thus allowing them to focus on the educational aspects of the music education program.

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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 $250

Program Service Revenue $141,558

Investment Income $3,125

Other Revenue $59,940

TOTAL REVENUE $204,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,020

Other Expenses $182,984

TOTAL EXPENSES $182,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,873	$73,073	+1.8%
Expenses	$182,984	$101,112	+0.8%
Net Income	$21,889	$-28,039	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kent Davis	Treasurer	10	Officer	$0	$0	$0
Jason Popiel	President	5	Officer	$0	$0	$0
Jillian Hall	Recording Secretary	1	Officer	$0	$0	$0
April Percy	Vice President	10	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
2023	$204,873	$182,984	$76,497	$21,889

CLOVERLEAF MUSIC ASSOCIATES INC