Middle Tennessee School Band and Orchestra Associa (EIN 453036054) - 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

1981

Legal Domicile

Principal Officer

John R Baker

Tax Period

2023-07-01 to 2024-06-30

Middle Tennessee School Band and Orchestra Associa, founded in 1981, is a small nonprofit in the Education sector that reported $284K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $275K left a modest 3% surplus.

Mission

The purpose of the organization is for educational purposes only by promoting the study of instrumental music through band and orchestra programs in the public and private schools of Middle Tennessee, and the continuation of those studies at the College and University level.

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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 $92,913

Program Service Revenue $180,410

Investment Income $195

Other Revenue $10,559

TOTAL REVENUE $284,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,600

Fundraising Expenses $0

Program Expenses $187,022

Other Expenses $262,356

TOTAL EXPENSES $274,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,077	$257,838	+0.1%
Expenses	$274,956	$274,831	+0.0%
Net Income	$9,121	$-16,993	-1.5%

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

298

Independent Members

285

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
Susan Waters	Secretary	10.00	Officer	$0	$0	$0
John R Baker	Vice President	10.00	Officer	$0	$0	$0
Jeff Beckman	Treasurer	20.00	Officer	$0	$0	$0
Chris Seger	President Elect	10.00	Officer	$0	$0	$0
Stacy Jernigan	President	10.00	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
2025	No data	No data	No data	No data
2024	$284,077	$274,956	$92,838	$9,121
2023	$257,838	$274,831	$83,717	$-16,993
2022	$224,373	$244,322	$100,710	$-19,949
2021	$110,342	$98,711	$120,659	$11,631
2020	$205,814	$221,391	$109,028	$-15,577
2019	$260,694	$266,629	$124,605	$-5,935

Middle Tennessee School Band and Orchestra Associa