Abraham Lincoln Elementary School - Music Association Inc (EIN 363132286) - 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

1980

Legal Domicile

Principal Officer

Beth Nolan

Phone

3125190231

Tax Period

2024-08-01 to 2025-07-31

Abraham Lincoln Elementary School - Music Association Inc, founded in 1980, is a small nonprofit that reported $252K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 23% operating margin.

Mission

Music Instruction, appreciation and supplies for the children enrolled.

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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 $252,388

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $252,412

Expense Breakdown

Grants Paid $150,374

Salaries & Benefits $28,992

Fundraising Expenses $0

Program Expenses $193,494

Other Expenses $14,128

TOTAL EXPENSES $193,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,412	$159,580	+0.6%
Expenses	$193,494	$193,305	+0.0%
Net Income	$58,918	$-33,725	-2.7%

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

N/A

Employees

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	Reportable Comp	Other Comp	Total
Mary Elizabeth Nolan	President	1.00	$0	$0	$0
Rosemary Haefner	Vice President	1.00	$0	$0	$0
Rebecca Bagdy	C--Treasurer	1.00	$0	$0	$0
David Sok	Co-Treasurer	N/A	$0	$0	$0
Frank Lepannetier	Co-Treasurer	N/A	$0	$0	$0
Megan Washburn	Corresponding Secretary	N/A	$0	$0	$0
Christy Forshee	Communications	N/A	$0	$0	$0
Colleen Kolpak	Recording Secretary	N/A	$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	$252,412	$193,494	$162,045	$58,918

Abraham Lincoln Elementary School - Music Association Inc