ILLINOIS MUSIC EDUCATION ASSOCIATI… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

DARCY NENDZA

Phone

7084794000

Tax Period

2024-04-01 to 2025-03-31

ILLINOIS MUSIC EDUCATION ASSOCIATION, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 5% surplus.

Mission

THE MISSION OF THE ILLINOIS MUSIC EDUCATORS ASSOCIATION IS TO PROMOTE LIFELONG MUSIC LEARNING AND TO PROVIDE LEADERSHIP FOR MUSIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,117,487 Revenue: $1,290,930

PROGRAM SERVICES EXPAND THE SCOPE AND IMPROVE THE QUALITY OF MUSIC EDUCATION IN ILLINOIS SCHOOLS, COLLEGES, AND UNIVERSITIES, BOTH PUBLIC AND PRIVATE. SUCH SERVICES PROMOTE MUSIC LEARNING FOR PERSONS OF ALL AGES.PROGRAM SERVICES ALSO FOSTER THE UTILIZATION OF ALL RESOURCES AND ADVANCEMENTS IN THE FIELD OF MUSIC INSTRUCTION THROUGH DISTRICT AND STATE MEETINGS DEVOTED TO TEACHER IMPROVEMENT AND STUDENT PERFORMANCE; PUBLICATION OF APPROPRIATE COMMUNICATION VEHICLES, SUCH AS THE MAGAZINE; AND SPONSORSHIP OF WORKSHOPS, FESTIVALS, ACTIVITIES, CONFERENCES, AND OTHER ACTIVITIES.

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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 $119,645

Program Service Revenue $1,290,930

Investment Income $17,702

Other Revenue $33,666

TOTAL REVENUE $1,461,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,676

Fundraising Expenses $0

Program Expenses $1,117,487

Other Expenses $983,016

TOTAL EXPENSES $1,391,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,461,943	$1,533,785	0.0%
Expenses	$1,391,692	$1,320,336	+0.1%
Net Income	$70,251	$213,449	-0.7%

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

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

$130,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARCY NENDZA	Executive Dir.	40.00	Director	$130,405	$0	$130,405
MEGAN FITZGERALD	DIST. PRESIDENT	5.00	Officer	$0	$0	$0
CURTIS FISCHER-OELSCHLAEGER	Past President	5.00	Officer	$0	$0	$0
CHRISTI FERNSBERG	DISTRICT PRES.	5.00	Officer	$0	$0	$0
DEBORAH JOHNSON	DIST. PRESIDENT	5.00	Officer	$0	$0	$0
GINA WYCH	President Elect	5.00	Officer	$0	$0	$0
CHRISTOPHER WEISENBORN	DIST. PRESIDENT	5.00	Officer	$0	$0	$0
CHRISTOPHER RENDER	Vice President	5.00	Officer	$0	$0	$0
DAVID LESNIAK	DIST. PRESIDENT	5.00	Officer	$0	$0	$0
MELISSA GUSTAFSON-HINDS	Vice President	5.00	Officer	$0	$0	$0
MANJU DURAIRAJ	Vice President	5.00	Officer	$0	$0	$0
FRANK PIEKARZ	Vice President	5.00	Officer	$0	$0	$0
THERESA FERRELL	Vice President	5.00	Officer	$0	$0	$0
WILLIAM RANK	Vice President	5.00	Officer	$0	$0	$0
STACY WILLIAMS-JACKSON	President	5.00	Officer	$0	$0	$0
MICHAEL POND-JONES	DISTRICT PRES.	5.00	Officer	$0	$0	$0
KIMBERLY GARDNER	DISTRICT PRES.	5.00	Officer	$0	$0	$0
HENRY KAPPLER	DISTRICT PRES.	5.00	Officer	$0	$0	$0
DAWN FARMER	Vice President	5.00	Officer	$0	$0	$0
BRAD PFEIL	Vice President	5.00	Officer	$0	$0	$0
KEN GOODMAN	DISTRICT PRES	5.00	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	$1,461,943	$1,391,692	$955,620	$70,251
2024	$1,533,785	$1,320,336	$868,125	$213,449
2023	$1,178,782	$1,232,748	$704,159	$-53,966
2022	$891,546	$1,114,954	$722,416	$-223,408
2021	$628,655	$501,546	$885,480	$127,109
2020	$1,134,828	$1,140,864	$727,792	$-6,036
2019	$1,165,284	$1,102,239	$808,630	$63,045

ILLINOIS MUSIC EDUCATION ASSOCIATION