THE YOUNG CATHOLIC MUSICIANS (EIN 431113525) - 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

1987

Legal Domicile

Principal Officer

FR BRUCE H FORMAN

Phone

3142317464

Tax Period

2023-09-01 to 2024-08-31

THE YOUNG CATHOLIC MUSICIANS, founded in 1987, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $261K exceeded revenue, resulting in a 11502% operating deficit.

Mission

LEAD CONGREGATION SINGING AT MASS.

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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 $650

Program Service Revenue $0

Investment Income $1,600

Other Revenue $0

TOTAL REVENUE $2,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $735

Other Expenses $261,044

TOTAL EXPENSES $261,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,250	$13,249	-0.8%
Expenses	$261,044	$2,657	+97.2%
Net Income	$-258,794	$10,592	-25.4%

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
MARY SMITH	DIRECTOR	5.00	Director	$0	$0	$0
REV BRUCE FORMAN	DIRECTOR	5.00	Director	$0	$0	$0
KATHY HASELHORST	DIRECTOR	3.00	Director	$0	$0	$0
JULIE STRATHMAN	DIRECTOR	3.00	Director	$0	$0	$0
JOAN BLATZ	PRESIDENT	3.00	Officer	$0	$0	$0
LARRY KOESTERER	SECRETARY	3.00	Officer	$0	$0	$0
DOROTHY DOWNS	VICE PRESIDENT	3.00	Officer	$0	$0	$0
MATTHEW LUCY	TREASURER	3.00	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
2024	$2,250	$261,044	No data	$-258,794
2023	$13,249	$2,657	$243,130	$10,592
2022	$5,199	$1,917	$225,186	$3,282
2021	$22,714	$6,491	$240,739	$16,223

THE YOUNG CATHOLIC MUSICIANS