WALKER WEST MUSIC ACADEMY (EIN 411678368) - 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

1991

Legal Domicile

Principal Officer

BRAXTON HAULCY

Phone

6512242929

Tax Period

2023-01-01 to 2023-12-31

WALKER WEST MUSIC ACADEMY, founded in 1991, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 318% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 70% operating margin.

Mission

THE ACADEMY FOSTERS A DIVERSE MUSIC COMMUNITY ROOTED IN AFRICAN-AMERICAN CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,109,180

Program Service Revenue $445,108

Investment Income $43,729

Other Revenue $5,749

TOTAL REVENUE $7,603,766

Expense Breakdown

Grants Paid $62,323

Salaries & Benefits $1,070,078

Fundraising Expenses $594,316

Program Expenses $1,441,530

Other Expenses $1,160,979

TOTAL EXPENSES $2,293,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,603,766	$1,819,821	+3.2%
Expenses	$2,293,380	$1,619,609	+0.4%
Net Income	$5,310,386	$200,212	+25.5%

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

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

$111,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA DOYLE	CHAIR	5.00	Officer Director	$0	$0	$0
MARY BOLKUM	VICE CHAIR	5.00	Officer Director	$0	$0	$0
GREG FINZELL	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTY BARTLETT	TREASURER	5.00	Officer Director	$0	$0	$0
ERIC CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
GRANT WEST	CO-FOUNDER	1.00	Director	$0	$0	$0
REVEREND CARL WALKER	CO-FOUNDER	1.00	Director	$0	$0	$0
MARY KAY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
CHERISE AYERS	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL KNIGHTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOHR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BENNETT	DIRECTOR	5.00	Director	$0	$0	$0
LINDA SLOAN	DIRECTOR	5.00	Director	$0	$0	$0
VALERIE BUTLER	DIRECTOR	5.00	Director	$0	$0	$0
DAN OLSON	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BRAXTON HAULCY	EXECUTIVE DIRECTOR	50.00	Officer	$108,180	$3,000	$111,180

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
2024	No data	No data	No data	No data
2023	$7,603,766	$2,293,380	$7,219,783	$5,310,386
2022	$1,819,821	$1,619,609	$1,829,522	$200,212
2021	$1,732,905	$1,271,936	$1,276,732	$460,969
2020	$1,063,625	$951,982	$863,203	$111,643

WALKER WEST MUSIC ACADEMY