NORTHEAST IOWA SCHOOL OF MUSIC (EIN 421510485) - 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

2001

Legal Domicile

Principal Officer

Luke Tyler

Phone

5636900151

Tax Period

2024-07-01 to 2025-06-30

NORTHEAST IOWA SCHOOL OF MUSIC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

To provide quality music education and enrichment by offering training for all ages

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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 $42,224

Program Service Revenue $211,146

Investment Income $38,396

Other Revenue $478

TOTAL REVENUE $292,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,443

Fundraising Expenses $20,312

Program Expenses $232,074

Other Expenses $92,191

TOTAL EXPENSES $317,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,244	$353,745	-0.2%
Expenses	$317,634	$312,445	+0.0%
Net Income	$-25,390	$41,300	-1.6%

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

Total Directors

$144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robbie Gearhart	Board Member	1	Director	$144	$0	$144
Sue Becker	Board Member	0	Director	$0	$0	$0
Sam Wooden	Board Member	0	Director	$0	$0	$0
Kim Oberbroeckling	Board Member	0	Director	$0	$0	$0
Mary Saunders-Oglesby	Board Member	0	Director	$0	$0	$0
Anne Funke	Board Member	0	Director	$0	$0	$0
Hillard Salas	President	0	Officer	$0	$0	$0
Debbie Tancrell	Treasurer	0	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	$292,244	$317,634	$224,123	$-25,390
2024	$353,745	$312,445	$247,527	$41,300
2023	$383,339	$338,898	$207,597	$44,441
2022	$266,629	$316,677	$160,458	$-50,048
2021	$295,578	$292,110	$210,124	$3,468
2020	$374,664	$290,404	$207,965	$84,260
2019	$312,870	$294,182	$122,279	$18,688

NORTHEAST IOWA SCHOOL OF MUSIC