MUSIC MINISTRIES (EIN 351368616) - 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

1976

Legal Domicile

Principal Officer

FLOYD TURNER

Phone

8002645550

Tax Period

2024-01-01 to 2024-12-31

MUSIC MINISTRIES, founded in 1976, is a small nonprofit in the Religion sector that reported $785K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $750K left a modest 4% surplus.

Mission

MUSIC MINISTRIES, INC. IS A CHRISTIAN ORGANIZATION WORKING TO BROADCAST THE BELIEFS OF THE CHRISTIAN FAITH THROUGH WORSHIP MUSIC AND TEACHINGS OVER F.M. AND A.M. RADIO.

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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 $769,013

Program Service Revenue $0

Investment Income $-557

Other Revenue $16,599

TOTAL REVENUE $785,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,759

Fundraising Expenses $62,545

Program Expenses $580,337

Other Expenses $389,485

TOTAL EXPENSES $750,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$785,055	$597,779	+0.3%
Expenses	$750,244	$644,752	+0.2%
Net Income	$34,811	$-46,973	-1.7%

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

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

$154,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA LELAND	MEMBER	1.00	Director	$0	$0	$0
CHRIS KISSEL	MEMBER	1.00	Director	$0	$0	$0
FLOYD E TURNER	PRESIDENT	40.00	Officer	$99,604	$0	$99,604
SUSAN K TURNER	SECRETARY	40.00	Officer	$54,992	$0	$54,992
MR RANDALL CHAGLE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JAMES MCDONALD	TREASURER	1.00	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
2024	$785,055	$750,244	$680,955	$34,811
2023	$597,779	$644,752	$668,697	$-46,973
2022	$617,851	$613,325	$728,302	$4,526
2021	$669,915	$552,844	$724,890	$117,071
2020	$682,493	$537,627	$611,520	$144,866
2019	$539,270	$537,273	$480,277	$1,997
2018	$587,607	$594,241	$495,912	$-6,634

MUSIC MINISTRIES