MUSIC IN THE PARK INC (EIN 391588789) - 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

1988

Legal Domicile

Principal Officer

BRYAN SCHAULAND

Phone

4142711416

Tax Period

2024-01-01 to 2024-12-31

MUSIC IN THE PARK INC, founded in 1988, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

TO PRODUCE A FREE MUSIC SERIES IN CATHEDRAL SQUARE PARK.

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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 $144,971

Program Service Revenue $0

Investment Income $0

Other Revenue $47,554

TOTAL REVENUE $192,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,508

Program Expenses $176,050

Other Expenses $191,196

TOTAL EXPENSES $191,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,525	$235,989	-0.2%
Expenses	$191,196	$288,104	-0.3%
Net Income	$1,329	$-52,115	-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

N/A

Volunteers

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

$98,705

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN SCHAULAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM BONIFAS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID POSSIN	TREASURER	1.00	Officer Director	$0	$0	$0
TAMMY BOCKHORST	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON DRUSCH	DIRECTOR	1.00	Director	$0	$0	$0
NGOSONG FONKEM	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KONYN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ORR	DIRECTOR	1.00	Director	$0	$0	$0
ROD RINZEL	DIRECTOR	1.00	Director	$0	$0	$0
TIM VERTZ	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BEHL	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE STURKEY	EXECUTIVE DIRECTOR	20.00	Officer	$9,088	$0	$98,705

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	$192,525	$191,196	$43,938	$1,329
2023	$235,989	$288,104	$52,581	$-52,115
2019	$199,369	$220,995	$47,607	$-21,626
2018	$220,783	$253,492	$34,225	$-32,709

MUSIC IN THE PARK INC