FESTIVAL MUSIC SOCIETY INC (EIN 356068649) - 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

1994

Legal Domicile

Principal Officer

DAVID POOLE

Phone

3178404272

Tax Period

2024-10-01 to 2025-09-30

FESTIVAL MUSIC SOCIETY INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 2624% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 78% operating margin.

Mission

PRESENT CONCERTS OF EARLY MUSIC, SOMETIMES PERFORMED ON PERIOD INSTRUMENTS.

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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 $1,927,131

Program Service Revenue $15,741

Investment Income $184,718

Other Revenue $232

TOTAL REVENUE $2,127,822

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $70,310

Fundraising Expenses $11,867

Program Expenses $343,917

Other Expenses $199,601

TOTAL EXPENSES $471,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,127,822	$78,111	+26.2%
Expenses	$471,778	$224,422	+1.1%
Net Income	$1,656,044	$-146,311	-12.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BOLYARD	PAST PRESIDENT	2.00	Director	$0	$0	$0
DAVID POOLE	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN WRIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
DAWN WADDELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
GAIL MCDERMOTT-BOWLER	MANAGING DIRECTOR EMERITUS	2.00	Key Emp	$0	$0	$0
DARRIN SORLEY	MANAGING DIRECTOR	10.00	Key Emp	$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	$2,127,822	$471,778	$4,945,468	$1,656,044
2024	$78,111	$224,422	$2,990,144	$-146,311
2023	$119,324	$222,128	$2,553,738	$-102,804
2022	$318,174	$166,911	$2,419,523	$151,263
2021	$257,257	$141,636	$2,667,883	$115,621
2020	$334,766	$105,489	$2,036,158	$229,277
2019	$222,333	$186,305	$1,899,032	$36,028

FESTIVAL MUSIC SOCIETY INC