Concert Ministries (EIN 362601218) - 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

1975

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Concert Ministries, founded in 1975, is a small nonprofit that reported $357K in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $340K left a modest 5% surplus.

Mission

To advance the Evangelical Christian Faith through live and recorded performance media productions in all areas of media technology as well as college level educational opportunities in music and all areas of the performing and media arts

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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 (2023)

Revenue Breakdown

Contributions & Grants $253,639

Program Service Revenue $103,231

Investment Income $0

Other Revenue $0

TOTAL REVENUE $356,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,776

Other Expenses $339,538

TOTAL EXPENSES $339,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,870	$174,869	+1.0%
Expenses	$339,538	$268,225	+0.3%
Net Income	$17,332	$-93,356	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Pickett	Director	10.00	Director	$0	$0	$0
Jon Stemkoski	Director	5.00	Director	$0	$0	$0
Don Waisanen	Treasurer	2.00	Director	$0	$0	$0
Kathey Spurr	Vice President	40.00	Officer	$0	$0	$0
Thurlow Spurr	President	40.00	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	No data	No data	No data	No data
2023	$356,870	$339,538	$84,800	$17,332

Concert Ministries