THE MUSIC ACADEMY NFP (EIN 452281679) - 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

2011

Legal Domicile

Principal Officer

LAURA EAKMAN

Phone

8159860037

Tax Period

2024-07-01 to 2025-06-30

THE MUSIC ACADEMY NFP, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $703K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 21% operating margin.

Mission

THE ACADEMY'S MISSION IS TO INSPIRE IN STUDENTS A LIFE-LONG LOVE OF MUSIC AND THE ARTS. STUDENTS ARE LIFE-LONG LEARNERS AND RANGE IN AGE FROM PRENATAL TO THOSE IN THEIR 70S AND 80S.

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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 $305,309

Program Service Revenue $390,744

Investment Income $-3,184

Other Revenue $10,385

TOTAL REVENUE $703,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,410

Fundraising Expenses $23,441

Program Expenses $487,897

Other Expenses $106,594

TOTAL EXPENSES $557,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$703,254	$487,383	+0.4%
Expenses	$557,004	$527,257	+0.1%
Net Income	$146,250	$-39,874	-4.7%

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

$63,361

Total Directors

$63,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA EAKMAN	EXECUTIVE DI	40.00	Officer Director	$63,361	$0	$63,361
HOPE COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN MCDONALD	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTIN NELSON	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN ROZMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER WRATE	CHAIR	2.00	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	$703,254	$557,004	$290,310	$146,250
2024	$487,383	$527,257	$136,968	$-39,874
2023	$493,603	$513,706	$164,251	$-20,103
2022	$441,422	$511,829	$194,439	$-70,407
2021	$491,080	$448,692	$254,853	$42,388
2020	$520,139	$469,896	$224,522	$50,243
2019	$470,749	$473,204	$161,208	$-2,455

THE MUSIC ACADEMY NFP