FLINT INSTITUTE OF MUSIC (EIN 386159482) - 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

1966

Legal Domicile

Principal Officer

JESSICA CARLO

Phone

8102381350

Tax Period

2023-06-01 to 2024-05-31

FLINT INSTITUTE OF MUSIC, founded in 1966, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $37.5M represent 28 months of operating reserves.

Mission

FLINT INSTITUTE OF MUSIC (FIM) AWAKENS AND NURTURES THE CREATIVE LIVES OF CHILDREN, YOUTH AND ADULTS. WE STRIVE TO BE A TRUSTED GUIDE THROUGH THE RICHLY DIVERSE WORLD OF THE PERFORMING ARTS, AND A CORNERSTONE OF COMMUNITY CONNECTION, WELLNESS AND PRIDE.

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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 $10,528,903

Program Service Revenue $3,644,922

Investment Income $1,706,962

Other Revenue $245,916

TOTAL REVENUE $16,126,703

Expense Breakdown

Grants Paid $416,238

Salaries & Benefits $7,454,723

Fundraising Expenses $1,301,422

Program Expenses $14,032,523

Other Expenses $8,339,225

TOTAL EXPENSES $16,210,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,126,703	$12,485,028	+0.3%
Expenses	$16,210,186	$14,537,861	+0.1%
Net Income	$-83,483	$-2,052,833	-1.0%

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

628

Volunteers

193

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

$415,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER ESTES	CHAIR	1.00	Officer Director	$0	$0	$0
ESSENCE WILSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS LILLIE	TREASURER	1.00	Officer Director	$0	$0	$0
PATTI HIGGINS	SECRETARY	1.00	Officer Director	$0	$0	$0
ALFRED BRUCE BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
JILL CARR	TRUSTEE	1.00	Director	$0	$0	$0
WALLACE DAWSON	TRUSTEE	1.00	Director	$0	$0	$0
SONJA FEIST-PRICE	TRUSTEE	1.00	Director	$0	$0	$0
LYNNE HURAND	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KING	TRUSTEE	1.00	Director	$0	$0	$0
MARK PLUCER	TRUSTEE	1.00	Director	$0	$0	$0
RAMA RAO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN KOEGEL	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ESTHER WYNDER	TRUSTEE	1.00	Director	$0	$0	$0
TOWNES OSBORN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JANICE SOVA	TRUSTEE	1.00	Director	$0	$0	$0
DJ TRELA	TRUSTEE	1.00	Director	$0	$0	$0
TOYIA TURNER	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL MOILANEN	TRUSTEE	1.00	Director	$0	$0	$0
DAMON ROSS	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW YOUNGER	TRUSTEE	1.00	Director	$0	$0	$0
ALISHA THIBODEAU	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY LONTINE	PRESIDENT/CE	40.00	Officer	$222,843	$12,875	$235,718
JESSICA CARLO	VP, FIN. & A	40.00	Officer	$153,216	$26,188	$179,404
ANN MARIE VAN DUYNE	EMPLOYEE	40.00	Highest	$146,298	$29,228	$175,526
DAVIN PIERSON TORRE	EMPLOYEE	40.00	Highest	$129,927	$32,287	$162,214
JEANETTE MANSOUR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FLECKENSTEIN	TRUSTEE	1.00	Director	$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	No data	No data	No data	No data
2024	$16,126,703	$16,210,186	$38,832,566	$-83,483
2023	$12,485,028	$14,537,861	$35,411,951	$-2,052,833
2022	$17,244,716	$12,684,405	$38,937,123	$4,560,311
2021	$9,419,580	$6,000,282	$39,708,187	$3,419,298
2020	$8,446,627	$7,061,808	$32,121,884	$1,384,819
2019	$10,343,067	$7,128,850	$29,180,504	$3,214,217
2018	$7,222,185	$6,483,694	$27,851,898	$738,491

FLINT INSTITUTE OF MUSIC