GOSHEN, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH BEND AREA MUSIC TEACHERS ASSOCIATION, founded in 1958, is a micro nonprofit that reported $66K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $74K exceeded revenue, resulting in a 12% operating deficit.
TO PROMOTE THE EDUCATIONAL AND ARTISTIC GROWTH OF ITS MEMBERSHIP BY PROVIDING MUSICAL ENRICHMENT, EDUCATIONAL OPPORTUNITIES AND SOCIAL ACTIVITIES FOR TEACHERS AND STUDENTS, TO PROMOTE MUSIC IN THE SOUTH BEND AREA, AND TO SUPPORT THE OBJECTIVE OF THE MUSIC TEACHERS NATIONAL ASSOCIATION AND THE INDIANA MUSIC TEACHERS ASSOCIATION. THE ASSOCIATION SHALL NOT BE ORGANIZED OR OPERATED FOR THE BENEFIT OF PRIVATE INTERESTS, AND NO PART OF ITS NET EARNINGS SHALL INURE TO THE BENEFIT OF OR BE DISTRIBUTABLE TO ITS MEMBERS, OFFICERS, OR OTHER PRIVATE INDIVIDUALS EXCEPT TO PAY REASONABLE COMPENSATION FOR SERVICES RENDERED. THE ASSOCIATION SHALL NOT CARRY ON PROPAGANDA OR OTHERWISE ATTEMPT TO INFLUENCE LEGISLATION AND SHALL NOT PARTICIPATE IN OR INTERVENE IN ANY POLITICAL ACTIVITY, INCLUDING CAMPAIGNING FOR CANDIDATES OR PUBLISHING OR DISTRIBUTING STATEMENTS. THE ASSOCIATION SHALL NOT CARRY ON ANY OTHER ACTIVITIES NOT PERMITTED BY AN ASSOCIATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $66,287 | $82,588 | -0.2% |
| Expenses | $74,361 | $95,863 | -0.2% |
| Net Income | $-8,074 | $-13,275 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JENNIFER KEELEY | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRYSTA HAVENS | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEAH HANSTRA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CANDACE HENKLER | FORMER TREAS | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY HAVENS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANA YODER COULTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA WITCHIE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEENA KAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE WISE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE BADRIDZE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $66,287 | $74,361 | $1,233,259 | $-8,074 |
| 2024 | $82,588 | $95,863 | $1,177,285 | $-13,275 |
| 2023 | $42,429 | $63,230 | $1,126,728 | $-20,801 |
| 2022 | $81,103 | $54,694 | $1,080,282 | $26,409 |
| 2021 | $57,678 | $46,368 | $1,285,727 | $11,310 |
| 2020 | $45,742 | $76,462 | $1,040,549 | $-30,720 |
| 2019 | $60,352 | $61,164 | $1,044,717 | $-812 |
Compare SOUTH BEND AREA MUSIC TEACHERS ASSOCIATION with other nonprofits in Indiana and across the country.