ALBERT LEA CIVIC MUSIC ASSOCIATION (EIN 416032592) - 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

1949

Legal Domicile

Principal Officer

DIANE HEANEY

Phone

5073834676

Tax Period

2024-06-01 to 2025-05-31

ALBERT LEA CIVIC MUSIC ASSOCIATION, founded in 1949, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2024. Expenses of $69K exceeded revenue, resulting in a 97% operating deficit.

Mission

MUSICAL EDUCATION AND ENTERTAINMENT

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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 $4,741

Program Service Revenue $21,675

Investment Income $8,915

Other Revenue $0

TOTAL REVENUE $35,331

Expense Breakdown

Grants Paid $7,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,920

Other Expenses $62,434

TOTAL EXPENSES $69,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,331	$36,913	0.0%
Expenses	$69,484	$55,561	+0.3%
Net Income	$-34,153	$-18,648	+0.8%

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
MOLLY GRIMMIUS	PRESIDENT	N/A	Officer Director	$0	$0	$0
DIANE HEANEY	TREASURER	N/A	Officer Director	$0	$0	$0
BECKY TENNIS HANSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DANIEL OTTEN	SECRETARY	N/A	Officer Director	$0	$0	$0
SHERRY SEBERSON	BOX OFFICE M	N/A	Officer Director	$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	$35,331	$69,484	$867,827	$-34,153
2024	$36,913	$55,561	$845,922	$-18,648
2023	$30,941	$58,971	$789,128	$-28,030
2022	$40,415	$74,589	$831,819	$-34,174
2021	$9,019	$15,195	$881,127	$-6,176
2020	$34,540	$35,383	$774,022	$-843
2019	$27,086	$59,298	$723,525	$-32,212

ALBERT LEA CIVIC MUSIC ASSOCIATION