ASBURY PARK MUSIC FOUNDATION INC (EIN 452675974) - 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

JAMES LENSKOLD

Phone

7327758900

Tax Period

2024-07-01 to 2025-06-30

ASBURY PARK MUSIC FOUNDATION INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $581K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $97K, a strong 17% operating margin.

Mission

TO PROVIDE LIFE-CHANGING MUSIC EDUCATION TO ENGAGE UNDER-SERVED YOUTH AND RUN EVENTS TO IMPROVE THE ECONOMIC WELL-BEING OF THE RESIDENTS AND UNITE A DIVERSE COMMUNITY.

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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 $541,330

Program Service Revenue $38,991

Investment Income $689

Other Revenue $0

TOTAL REVENUE $581,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,653

Fundraising Expenses $55,133

Program Expenses $346,873

Other Expenses $439,347

TOTAL EXPENSES $484,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$581,010	$829,927	-0.3%
Expenses	$484,000	$963,828	-0.5%
Net Income	$97,010	$-133,901	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LENSKOLD	CHAIRMAN	5.00	Officer	$0	$0	$0
ANDREA DUDEK	TREASURER	5.00	Officer	$0	$0	$0
PAUL WEINSTEIN	SECRETARY	5.00	Officer	$0	$0	$0
HEATHER CAVISE	TRUSTEE	5.00	Director	$0	$0	$0
EILEEN CHAPMAN	TRUSTEE	5.00	Director	$0	$0	$0
THOMAS GILMOUR	TRUSTEE	5.00	Director	$0	$0	$0
DREW KRONICK	TRUSTEE	5.00	Director	$0	$0	$0
DORIAN PARREOTT	TRUSTEE	5.00	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	$581,010	$484,000	$322,952	$97,010
2024	$829,927	$963,828	$293,271	$-133,901
2023	$1,064,544	$967,303	$379,869	$97,241
2022	$603,463	$650,798	$264,573	$-47,335
2021	$623,150	$610,219	$347,482	$12,931
2020	$545,318	$746,291	$309,528	$-200,973
2019	$781,150	$583,746	$512,056	$197,404
2018	$485,709	$391,733	$327,160	$93,976

ASBURY PARK MUSIC FOUNDATION INC