Music For Youth of Arlington Heights (EIN 362747076) - 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

1970

Legal Domicile

Principal Officer

Caroline Smith

Phone

8478003764

Tax Period

2024-07-01 to 2025-06-30

Music For Youth of Arlington Heights, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $282K in total revenue in fiscal year 2024. Expenses of $262K left a modest 7% surplus.

Mission

Suzuki method violin, cello and orchestra lessons for approximately 175 students in Arlington Heights School Illinois public schools K thru 8th grades

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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 $121,285

Program Service Revenue $160,591

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,206

Fundraising Expenses $0

Program Expenses $248,308

Other Expenses $30,201

TOTAL EXPENSES $262,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,876	$290,229	0.0%
Expenses	$262,407	$258,405	+0.0%
Net Income	$19,469	$31,824	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gretchen Grube	N/A	20.00		$58,164	$0	$58,164
Philip Lee	N/A	11.00		$35,310	$0	$35,310
Tamara Glassburg	N/A	9.00		$29,012	$0	$29,012
Carrie Holt	Trustee	2.00	Director	$0	$0	$0
Nicole Palmer	Trustee	2.00	Director	$0	$0	$0
Meg Senesac	Trustee	2.00	Director	$0	$0	$0
Caroline Smith	President	5.00	Officer	$0	$0	$0
Erika Pace	President	3.00	Officer	$0	$0	$0
David Miller	Treasurer	2.00	Officer	$0	$0	$0
Rachel Conklin	Secretary	2.00	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
2025	$281,876	$262,407	$120,331	$19,469
2024	$290,229	$258,405	$98,636	$31,824
2023	$273,546	$259,627	$66,321	$13,919
2022	$242,757	$226,977	$53,372	$15,780
2021	$212,451	$194,607	$40,086	$17,844
2020	$236,354	$234,864	$31,322	$1,490
2019	$245,190	$238,647	$35,057	$6,543
2018	$232,479	$240,634	$16,057	$-8,155

Music For Youth of Arlington Heights