FLINT INSTITUTE OF MUSIC IRR TR (EIN 386674101) - 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

2011

Legal Domicile

Phone

4128076328

Tax Period

2024-01-01 to 2024-12-31

FLINT INSTITUTE OF MUSIC IRR TR, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $568K in total revenue in fiscal year 2024. Revenue surged 1477% from the prior year, signaling strong growth momentum. Net assets of $8.5M represent 180 months of operating reserves.

Mission

SELF-SETTLED ENDOWMENT OF AND FOR FLINT INSTITUTE OF MUSIC ANNUAL DISTRIBUTION OF NET INCOME DEDICATED TO SUPPORT OF THE SCHOOL OF PERFORMING ARTS, AN INTEGRAL PROGRAM OF THE SPONSOR.

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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 $0

Program Service Revenue $0

Investment Income $567,558

Other Revenue $0

TOTAL REVENUE $567,558

Expense Breakdown

Grants Paid $504,756

Salaries & Benefits $53,894

Fundraising Expenses $0

Program Expenses $515,535

Other Expenses $4,783

TOTAL EXPENSES $563,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,558	$35,987	+14.8%
Expenses	$563,433	$544,937	+0.0%
Net Income	$4,125	$-508,950	-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

N/A

Employees

N/A

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
N/A	TRUSTEE	11.0		$53,894	$0	$53,894

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	$567,558	$563,433	$8,536,626	$4,125
2023	$35,987	$544,937	$8,523,907	$-508,950
2022	$-118,459	$520,188	$9,040,681	$-638,647
2021	$2,226,835	$499,508	$9,676,996	$1,727,327
2020	$747,774	$467,951	$7,950,407	$279,823
2019	$235,850	$453,526	$7,672,122	$-217,676

FLINT INSTITUTE OF MUSIC IRR TR