NATIONAL ASSOC OF SCHOOLS OF MUSIC (EIN 426063572) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1924

Legal Domicile

Principal Officer

KAREN P MOYNAHAN

Phone

7034370700

Tax Period

2024-09-01 to 2025-08-31

NATIONAL ASSOC OF SCHOOLS OF MUSIC, founded in 1924, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2018. The organization ran a surplus of $450K, a strong 18% operating margin.

Mission

DEVELOPING CLOSER RELATIONSHIPS AMONG SCHOOLS AND PROGRAMS OF MUSIC TO IMPROVE STANDARDS IN MUSIC EDUCATION AND TRAINING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,594,953

Investment Income $763,519

Other Revenue $0

TOTAL REVENUE $3,358,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,635,190

Fundraising Expenses $0

Program Expenses $2,096,987

Other Expenses $1,142,560

TOTAL EXPENSES $2,777,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,358,472	$2,897,071	+0.2%
Expenses	$2,777,750	$2,282,080	+0.2%
Net Income	$580,722	$614,991	-0.1%

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

304

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

$441,796

Total Directors

$441,796

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN P MOYNAHAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$401,633	$40,163	$441,796
TAYLOE HARDING	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES B FORGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER LANDES	TREASURER	1.00	Officer Director	$0	$0	$0
TRACY COWDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
CYNTHIA BRIDGES	CHAIR, COMM. ON CC ACCREDI	1.00	Officer Director	$0	$0	$0
DANIEL GOBLE	ASSOC. CHAIR, COMMISION ON ACCRED	1.00	Officer Director	$0	$0	$0
H KEITH JACKSON	CHAIR, COMMISSION ON ACCRE	1.00	Officer Director	$0	$0	$0
HILARY HARSTON	PUBLIC MEMBER	1.00	Director	$0	$0	$0
LAUREN FRAMPTON	PUBLIC MEMBER	1.00	Director	$0	$0	$0
ROBERT A HUDAK	PUBLIC MEMBER	1.00	Director	$0	$0	$0
ANDREW GLENDENING	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN BRODY	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN D SEIFERT	DIRECTOR	1.00	Director	$0	$0	$0
JEAN NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA M MOORE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA APPLE MONSON	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET THIELE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FANNIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D WILDER	IMMEDIATE PAST PRESIDENT	1.00	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	$3,358,472	$2,777,750	$14,662,121	$580,722
2024	No data	No data	No data	No data
2023	$2,670,946	$2,631,508	$11,353,729	$39,438
2022	$2,621,395	$2,428,867	$10,537,122	$192,528
2021	$2,702,412	$2,242,519	$12,242,435	$459,893
2020	$2,436,092	$2,161,472	$9,952,722	$274,620
2019	$2,490,032	$2,039,982	$8,677,598	$450,050

NATIONAL ASSOC OF SCHOOLS OF MUSIC