STRING ACADEMY OF WI INC (EIN 391677309) - 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

1990

Legal Domicile

Principal Officer

DARCY DREXLER

Phone

4149634729

Tax Period

2021-09-01 to 2022-08-31

STRING ACADEMY OF WI INC, founded in 1990, is a small nonprofit that reported $124K in total revenue in fiscal year 2021. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $564K exceeded revenue, resulting in a 353% operating deficit.

Mission

THE MISSION OF THE STRING ACADEMY IS TO PROVIDE AN OPPORTUNITY FOR EXCELLENCE IN THE PURSUIT OF COMPREHENSIVE MUSICAL STUDY FOR YOUNG VIOLINISTS, VIOLISTS AND CELLISTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $45,874

Program Service Revenue $77,180

Investment Income $15

Other Revenue $1,420

TOTAL REVENUE $124,489

Expense Breakdown

Grants Paid $272,202

Salaries & Benefits $248,072

Fundraising Expenses $7,789

Program Expenses $452,693

Other Expenses $43,990

TOTAL EXPENSES $564,264

Year-over-Year Comparison

	2021	2020	Change
Revenue	$124,489	$259,690	-0.5%
Expenses	$564,264	$169,319	+2.3%
Net Income	$-439,775	$90,371	-5.9%

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

$74,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TJ HARKNESS	DIRECTOR	1.00	Director	$0	$0	$0
SUE MEDFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN THARP	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE HOFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JULILLY KOHLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIN KIM	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH LOEBL	SECRETARY	1.00	Officer Director	$0	$0	$0
XIAOTING HAO	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN THARP	OFFICE ADMIN	40.00	Officer	$40,313	$0	$40,313
DARCY DREXLER	EXECUTIVE DIR.	40.00	Officer	$34,683	$0	$34,683

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
2022	$124,489	$564,264	No data	$-439,775
2021	$259,690	$169,319	$480,185	$90,371
2020	$191,620	$219,063	$369,519	$-27,443
2019	$217,491	$257,784	$394,758	$-40,293
2018	$279,681	$285,150	$443,244	$-5,469

STRING ACADEMY OF WI INC