MUSCLE SHOALS MUSIC FOUNDATION

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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

2013

Legal Domicile

Principal Officer

JUDY HOOD

Phone

2562463601

Tax Period

2021-01-01 to 2021-12-31

MUSCLE SHOALS MUSIC FOUNDATION, founded in 2013, is a small nonprofit that reported $414K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. Expenses of $519K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PRESERVE, ARCHIVE, AND CURATE AUDIO, VISUAL AND TANGIBLE MATERIALS RELATED TO MUSIC WRITTEN OR RECORDED IN AND AROUND MUSCLE SHOALS, ALABAMA, AS WELL AS MUCIC PERFORMED BY MUSICIANS FROM THAT SAME GEOGRAPHICAL AREA.

Program Service Accomplishments

Program 1

Expenses: $518,522

TO PRESERVE, ARCHIVE AND CURATE AUDIO, VISUAL AND TANGIBLE MATERIALS RELATED TO MUSIC WRITTEN OR RECORDED IN AND AROUND MUSCLE SHOALS, ALABAMA AS WELL AS MUSIC PERFORMED BY MUSICIANS FROM THE SAME...

TO PRESERVE, ARCHIVE AND CURATE AUDIO, VISUAL AND TANGIBLE MATERIALS RELATED TO MUSIC WRITTEN OR RECORDED IN AND AROUND MUSCLE SHOALS, ALABAMA AS WELL AS MUSIC PERFORMED BY MUSICIANS FROM THE SAME GEOGRAPHICAL AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $51,601

Program Service Revenue $0

Investment Income $0

Other Revenue $361,974

TOTAL REVENUE $413,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,544

Fundraising Expenses $0

Program Expenses $518,522

Other Expenses $290,978

TOTAL EXPENSES $518,522

Year-over-Year Comparison

	2021	2020	Change
Revenue	$413,575	$470,119	-0.1%
Expenses	$518,522	$457,116	+0.1%
Net Income	$-104,947	$13,003	-9.1%

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

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
KENNETH BROOKS	TREASURER	N/A	Officer	$0	$0	$0
RODNEY HALL	SECRETARY	N/A	Officer	$0	$0	$0
JUDY HOOD	CHAIRMAN	N/A	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
2021	$413,575	$518,522	$787,644	$-104,947
2020	$470,119	$457,116	$846,153	$13,003
2019	$439,520	$486,160	$767,056	$-46,640
2018	$428,962	$485,284	$805,603	$-56,322