MUSIC CITY INC (EIN 342064764) - 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

2006

Legal Domicile

Principal Officer

Deana Ivey

Phone

6152594708

Tax Period

2024-07-01 to 2025-06-30

MUSIC CITY INC, founded in 2006, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.1M in total revenue in fiscal year 2024.

Mission

Enhance the music environment of Nashville by providing music-related events and services to the general public and to the Metropolitan Government of Nashville

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,832,293

Program Service Revenue $237,118

Investment Income $25,812

Other Revenue $0

TOTAL REVENUE $11,095,223

Expense Breakdown

Grants Paid $37,944

Salaries & Benefits $0

Fundraising Expenses $72,161

Program Expenses $10,921,541

Other Expenses $11,008,321

TOTAL EXPENSES $11,046,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,095,223	$11,312,683	0.0%
Expenses	$11,046,265	$11,276,158	0.0%
Net Income	$48,958	$36,525	+0.3%

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

$1,209,931

Total Directors

$1,724,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deana Ivey	Board Member/CEO	8	Officer Director	$0	$43,325	$819,761
Jeff Mefford	Board Member/CFO	8	Officer Director	$0	$43,070	$390,170
Mary Arnold	Board Member	8	Director	$0	$40,910	$295,327
Bonna Johnson	Board Member	1	Director	$0	$33,139	$218,742
Doug Kreulen	Board Member/Chair	4	Director	$0	$0	$0
Laura Hollingsworth	Board Member	1	Director	$0	$0	$0
Hugh Anderson	Board Member	1	Director	$0	$0	$0
Mignon Francois	Board Member	1	Director	$0	$0	$0
Seamus Ross	Board Member	1	Director	$0	$0	$0
Shawn McSpadden	Board Member	1	Director	$0	$0	$0
Ben Olin	Board Member	1	Director	$0	$0	$0
Courtney Ross	Board Member	1	Director	$0	$0	$0
Ellen Pryor	Board Member	1	Director	$0	$0	$0
Amy Seigenthaler Pierce	Board Member	1	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
2025	$11,095,223	$11,046,265	$2,455,745	$48,958
2024	$11,312,683	$11,276,158	$2,331,034	$36,525
2023	$9,378,368	$9,365,323	$1,916,814	$13,045
2022	$7,930,504	$7,819,041	$1,837,848	$111,463
2021	$910,030	$694,661	$1,706,208	$215,369
2020	$9,343,705	$9,619,340	$441,553	$-275,635
2019	$8,102,915	$7,994,799	$1,124,311	$108,116
2018	$6,177,320	$6,158,170	$1,287,333	$19,150

MUSIC CITY INC