Greater Akron Musical Association Founda (EIN 341635435) - 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

1986

Legal Domicile

Principal Officer

Thomas Clark

Phone

3305358131

Tax Period

2023-07-01 to 2024-06-30

Greater Akron Musical Association Founda, founded in 1986, is a small nonprofit that reported $663K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $238K, a strong 36% operating margin.

Mission

To operate the endowment fund and other special funds for the benefit of the GAMA.

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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 $7,000

Program Service Revenue $0

Investment Income $655,907

Other Revenue $0

TOTAL REVENUE $662,907

Expense Breakdown

Grants Paid $370,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $370,500

Other Expenses $53,996

TOTAL EXPENSES $424,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$662,907	$812,858	-0.2%
Expenses	$424,496	$407,345	+0.0%
Net Income	$238,411	$405,513	-0.4%

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

$73,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas J Clark	President	3.00	Officer Director	$0	$0	$0
Richard Harris	Secretary	1.00	Officer Director	$0	$0	$0
Dave Scarponi	Treasurer	1.00	Officer Director	$0	$0	$0
Michael Pasternak	Member	1.00	Director	$0	$0	$0
Donna Valentine	Member	1.00	Director	$0	$0	$0
Charles Peter MD	Member	1.00	Director	$0	$0	$0
Todd Rosenburg	Member	1.00	Director	$0	$0	$0
Bruce Fahey	Member	1.00	Director	$0	$0	$0
Tracey Dowe	Member	1.00	Director	$0	$0	$0
Paul Jarrett	GAMA Executive Director	1.00	Officer	$0	$0	$73,542

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	$662,907	$424,496	$8,593,260	$238,411
2023	$812,858	$407,345	$7,628,487	$405,513
2022	$330,670	$392,892	$7,075,051	$-62,222
2021	$373,136	$293,442	$8,357,745	$79,694
2020	$493,116	$440,062	$6,683,764	$53,054
2019	$865,444	$359,678	$6,618,704	$505,766
2018	$325,042	$341,528	$6,422,992	$-16,486

Greater Akron Musical Association Founda