MUSIC MINISTRIES

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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 E TURNER

Phone

8002645550

Tax Period

2025-01-01 to 2025-12-31

MUSIC MINISTRIES, founded in 1976, is a small nonprofit in the Religion sector that reported $726K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

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

Program Service Accomplishments

Program 1

Expenses: $591,198

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 (2025)

Revenue Breakdown

Contributions & Grants $716,924

Program Service Revenue $0

Investment Income $0

Other Revenue $8,778

TOTAL REVENUE $725,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,588

Fundraising Expenses $59,470

Program Expenses $591,198

Other Expenses $434,989

TOTAL EXPENSES $770,577

Year-over-Year Comparison

	2025	2024	Change
Revenue	$725,702	$785,055	-0.1%
Expenses	$770,577	$750,244	+0.0%
Net Income	$-44,875	$34,811	-2.3%

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

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

$161,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLOYD E TURNER	PRESIDENT	40.00	Officer	$104,813	$0	$104,813
SUSAN K TURNER	SECRETARY	40.00	Officer	$56,795	$0	$56,795
RANDALL CHAGLE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS KISSEL	MEMBER	1.00	Director	$0	$0	$0
DONNA LELAND	MEMBER	1.00	Director	$0	$0	$0
JAMES MCDONALD	TREASURER	1.00	Officer Director	$0	$0	$0
DENNIS WISCAVER	MEMBER	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
2025	$725,702	$770,577	$632,806	$-44,875
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