CLEVELAND MUSIC FOUNDATION INC (EIN 453186945) - 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

BECKY NOWELL

Phone

6624410100

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND MUSIC FOUNDATION INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 4% surplus.

Mission

To educate and inspire through the universal language of music. To provide unique experiences for all, using music as a gateway to learning.GRAMMY Museum Mississippi is an exciting and interactive celebration of the power of music occupying a vibrant space in Cleveland, Mississippi. Cutting edge exhibits, interactive experiences and films provide a one-of-a-kind visitor experience engaging, educational, celebratory, and inspirational.

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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 $1,339,476

Program Service Revenue $461,170

Investment Income $98,661

Other Revenue $147,596

TOTAL REVENUE $2,046,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,919

Fundraising Expenses $51,764

Program Expenses $1,550,003

Other Expenses $1,351,449

TOTAL EXPENSES $1,955,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,046,903	$1,956,833	+0.0%
Expenses	$1,955,368	$1,899,410	+0.0%
Net Income	$91,535	$57,423	+0.6%

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

$250,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY HAVENS	Executive Dir.	40.00	Director	$135,237	$0	$135,237
JACK McWILLIAMS	Foundation Mgr.	40.00	Director	$76,123	$0	$76,123
CHACE HOLLAND	Controller	40.00	Director	$38,794	$0	$38,794
BECKY NOWELL	President	5.00	Officer Director	$0	$0	$0
MARY MCKAY GRIFFITH	Director	1.00	Director	$0	$0	$0
KAMEL KING	Director	1.00	Director	$0	$0	$0
GAINES STURDIVANT	Director	1.00	Director	$0	$0	$0
BOO MITCHELL	Director	1.00	Director	$0	$0	$0
HEATHER WALKER	Secretary	1.00	Officer Director	$0	$0	$0
ZACH FARNUM	Director	1.00	Director	$0	$0	$0
BETSY AGUZZI	Director	1.00	Director	$0	$0	$0
STEVE AZAR	Director	1.00	Director	$0	$0	$0
MYRTIS TABB	Vice President	1.00	Officer Director	$0	$0	$0
AMY WHITTEN	Director	1.00	Director	$0	$0	$0
JORDAN GOINS	Director	1.00	Director	$0	$0	$0
BENNIE WRIGHT	Director	1.00	Director	$0	$0	$0
DANNY WHALEN	Treasurer	1.00	Officer Director	$0	$0	$0
SHAWN MACKEY SR	Director	1.00	Director	$0	$0	$0
MICHAEL SANDERS	Director	1.00	Director	$0	$0	$0
SARITA SIMMONS	Director	1.00	Director	$0	$0	$0
SEAN WESSEL	Director	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
2024	$2,046,903	$1,955,368	$17,086,499	$91,535
2023	$1,956,833	$1,899,410	$17,036,301	$57,423
2022	$1,758,546	$1,677,340	$16,967,424	$81,206
2021	$4,402,670	$1,934,796	$16,770,194	$2,467,874
2020	$1,195,369	$1,593,677	$16,884,071	$-398,308
2019	$1,859,597	$2,041,781	$17,725,075	$-182,184
2018	$1,133,320	$2,005,887	$18,238,953	$-872,567

CLEVELAND MUSIC FOUNDATION INC