MUSIC LEGENDS MUSEUM OF TEXAS (EIN 393584988) - 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

2025

Legal Domicile

Principal Officer

CARL DEWALT

Phone

2818217013

Tax Period

2025-01-01 to 2025-12-31

MUSIC LEGENDS MUSEUM OF TEXAS, founded in 2025, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $425 in total revenue in fiscal year 2025. Expenses of $2K exceeded revenue, resulting in a 367% operating deficit.

Mission

THE PURPOSE OF THE MUSIC LEGENDS MUSEUM OF TEXAS (MLMTX) MARKETING AND OUTREACH PLAN IS TO EDUCATE THE PUBLIC, INCREASE ACCESS TO CULTURAL PROGRAMMING, AND ENGAGE THE COMMUNITY IN PRESERVING THE MUSICAL HERITAGE OF TEXAS. ALL MARKETING ACTIVITIES ARE DESIGNED TO ADVANCE MLMTX'S CHARITABLE AND EDUCATIONAL MISSION AND ARE NOT INTENDED FOR PRIVATE OR COMMERCIAL BENEFIT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $425

Investment Income $0

Other Revenue $0

TOTAL REVENUE $425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,986

Other Expenses $1,986

TOTAL EXPENSES $1,986

Year-over-Year Comparison

	2025	2024	Change
Revenue	$425	N/A	N/A
Expenses	$1,986	N/A	N/A
Net Income	$-1,561	N/A	N/A

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

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
SAM JACKSON	TREASURER	N/A	Director	$0	$0	$0
CONRAD JOHNSON	VICE PRESIDE	N/A	Director	$0	$0	$0
JULIETTE STEPHENS	SECRETARY	N/A	Director	$0	$0	$0
CARL DEWALT	PRESIDENT	N/A	Officer	$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	$425	$1,986	No data	$-1,561

MUSIC LEGENDS MUSEUM OF TEXAS