WISCONSIN SCHOOL MUSIC ASSOCIATION INC (EIN 390813464) - 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

1932

Legal Domicile

Principal Officer

STEVE PLANK

Phone

6088503566

Tax Period

2024-07-01 to 2025-06-30

WISCONSIN SCHOOL MUSIC ASSOCIATION INC, founded in 1932, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO PROVIDE STATEWIDE MUSIC PROGRAMMING ACTIVITIES, OFFER LEADERSHIP AND SUPPORT FOR SCHOOL MUSIC PROGRAMS, AND ADVANCE MUSIC AS AN INTEGRAL PART OF THE SCHOOL CURRICULUM AND COMMUNITY LIFE.

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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 $91,559

Program Service Revenue $1,892,436

Investment Income $-5,079

Other Revenue $36,735

TOTAL REVENUE $2,015,651

Expense Breakdown

Grants Paid $700

Salaries & Benefits $762,792

Fundraising Expenses $87,174

Program Expenses $1,524,027

Other Expenses $1,203,854

TOTAL EXPENSES $1,967,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,015,651	$1,884,206	+0.1%
Expenses	$1,967,346	$1,918,417	+0.0%
Net Income	$48,305	$-34,211	-2.4%

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

185

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

$130,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE PLANK	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE MICHAELS	PRESIDENT ELECT	4.00	Officer Director	$0	$0	$0
RICH APPEL	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
DANIEL HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD PARKS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MOORE	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE HOUSTON	DIRECTOR	2.00	Director	$0	$0	$0
MARK HOERNKE	DIRECTOR	2.00	Director	$0	$0	$0
GREGG BUTLER	DIRECTOR	4.00	Director	$0	$0	$0
JON GILLILAND	DIRECTOR	2.00	Director	$0	$0	$0
BRAD SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
WILL JANSSEN	DIRECTOR	1.00	Director	$0	$0	$0
YOREL LASHLEY	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN HENINGER	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA HERZOG	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA FIEGE	DIRECTOR	2.00	Director	$0	$0	$0
RANDAL SWIGGUM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SCHEUER	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE FELLENZ	EXECUTIVE DIRECTOR	26.00	Officer	$95,563	$20,051	$130,316

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	$2,015,651	$1,967,346	$1,730,773	$48,305
2024	$1,884,206	$1,918,417	$1,623,899	$-34,211
2023	$1,793,785	$1,909,928	$1,612,479	$-116,143
2022	$1,567,369	$1,797,793	$1,858,449	$-230,424
2021	$1,401,958	$1,340,174	$1,873,703	$61,784
2020	$1,689,607	$1,702,815	$1,872,664	$-13,208
2019	$2,174,974	$2,163,277	$2,117,908	$11,697
2018	$2,181,191	$2,057,484	$2,113,765	$123,707

WISCONSIN SCHOOL MUSIC ASSOCIATION INC