FOUNDATION FOR ART AND MUSIC IN ELEMENTARY EDUCATION INC (EIN 351719238) - 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

1988

Legal Domicile

Principal Officer

ANDIE MOSLEY

Phone

2602477325

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR ART AND MUSIC IN ELEMENTARY EDUCATION INC, founded in 1988, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $159K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF FAME IS TO FOSTER AND PERPETUATE CREATIVITY THROUGH MULTICULTURAL ARTS EDUCATION: WE BELIEVE IN THE VALUE AND POWER OF THE ARTS TO KINDLE THE IMAGINATION, ENCOURAGE CREATIVE THINKING AND ENHANCE HUMAN DEVELOPMENT.

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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 $89,321

Program Service Revenue $40,828

Investment Income $3

Other Revenue $4,526

TOTAL REVENUE $134,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,717

Fundraising Expenses $16,259

Program Expenses $70,409

Other Expenses $94,297

TOTAL EXPENSES $159,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,678	$142,719	-0.1%
Expenses	$159,014	$204,376	-0.2%
Net Income	$-24,336	$-61,657	-0.6%

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

103

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

$51,697

Total Directors

$51,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRYSTE WALLEN	EXECUTIVE DI	40.00	Officer Director	$48,593	$3,104	$51,697
ANDIE MOSLEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
LISA CHRISTMAN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
LINDSEY KELLER	TREASURER	3.00	Officer Director	$0	$0	$0
JAVON BELL	SECRETARY	3.00	Officer Director	$0	$0	$0
ANN GORDON	PAST PRESIDE	3.00	Officer Director	$0	$0	$0
MICAIAH CHACON	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN CHRISTENSON	DIRECTOR	3.00	Director	$0	$0	$0
JANICE FURTNER	DIRECTOR	3.00	Director	$0	$0	$0
CINDY HAGGENJOS	DIRECTOR	3.00	Director	$0	$0	$0
DONA MOSSBURG	DIRECTOR	3.00	Director	$0	$0	$0
BRANDON PORTER	DIRECTOR	3.00	Director	$0	$0	$0
PETER YEE	DIRECTOR	3.00	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	$134,678	$159,014	$62,021	$-24,336
2024	$142,719	$204,376	$85,847	$-61,657
2023	$135,229	$209,590	$147,504	$-74,361
2022	$177,296	$144,566	$265,806	$32,730
2021	$149,708	$112,643	$236,984	$37,065

FOUNDATION FOR ART AND MUSIC IN ELEMENTARY EDUCATION INC