INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC (EIN 383764317) - 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

2007

Legal Domicile

Principal Officer

KEN WHITE

Phone

6152563222

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

WORKING TOGETHER FOR HIGH STANDARDS OF PROFESSIONALISM, A GREATER APPRECIATION FOR OUR MUSIC AND THE SUCCESS OF THE WORLDWIDE BLUEGRASS COMMUNITY.

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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 $489,935

Program Service Revenue $758,533

Investment Income $10,076

Other Revenue $84,487

TOTAL REVENUE $1,343,031

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $400,431

Fundraising Expenses $0

Program Expenses $1,565,177

Other Expenses $1,408,374

TOTAL EXPENSES $1,811,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,343,031	$1,255,021	+0.1%
Expenses	$1,811,805	$1,575,954	+0.1%
Net Income	$-468,774	$-320,933	+0.5%

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

$107,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA FRICK	CHAIR/PRESIDENT	0.00	Officer Director	$0	$0	$0
BRAD KOLODNER	VICE-CHAIR	0.00	Officer Director	$0	$0	$0
PAUL J SCHIMINGER	TREASURER	0.00	Officer Director	$0	$0	$0
KRISTEN SCOTT BENSON	SECRETARY	0.00	Officer Director	$0	$0	$0
ARIEL ROSEMBERG	EXECUTIVE COMMITTEE MEMBER	0.00	Officer Director	$0	$0	$0
MISSY RAINES	DIRECTOR	0.00	Director	$0	$0	$0
MATT SIMONTACCHI	DIRECTOR	0.00	Director	$0	$0	$0
ANNIE SAVAGE	DIRECTOR	0.00	Director	$0	$0	$0
SHANNON SANDERS	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA ROBERTS	DIRECTOR	0.00	Director	$0	$0	$0
DEANIE RICHARDSON	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER HOWARD-WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
MIKE SIMPSON	DIRECTOR	0.00	Director	$0	$0	$0
HELEN LUDE	DIRECTOR	0.00	Director	$0	$0	$0
CAROLYN HOTTE	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE FUNK	DIRECTOR	0.00	Director	$0	$0	$0
DARIN ALDRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
CJ LEWANDOWSKI	DIRECTOR	0.00	Director	$0	$0	$0
TIMOTHY TRUDEAU	DIRECTOR	0.00	Director	$0	$0	$0
KEN WHITE	EXECUTIVE DIRECTOR	40.00	Officer	$105,000	$2,888	$107,888

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	$1,343,031	$1,811,805	$1,043,382	$-468,774
2024	No data	No data	No data	No data
2023	$1,405,959	$1,479,294	$1,145,362	$-73,335
2022	$1,560,553	$1,254,880	$1,219,918	$305,673
2021	$892,850	$728,950	$1,012,739	$163,900
2020	$1,482,476	$1,362,774	$473,676	$119,702
2019	$1,470,911	$1,460,148	$602,269	$10,763

INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC