Asheville Music School Sound Education (EIN 455325308) - 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

2012

Legal Domicile

Principal Officer

Charlotte Sommers

Phone

8282526244

Tax Period

2023-07-01 to 2024-06-30

Asheville Music School Sound Education, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $267K left a modest 3% surplus.

Mission

To provide affordable and accessible music lessons, workshops, tutoring, coaching and outreach music performances to youth, families, seniors and

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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 $67,716

Program Service Revenue $204,754

Investment Income $756

Other Revenue $2,000

TOTAL REVENUE $275,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,784

Fundraising Expenses $1,643

Program Expenses $250,520

Other Expenses $187,010

TOTAL EXPENSES $266,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,226	$236,785	+0.2%
Expenses	$266,794	$258,902	+0.0%
Net Income	$8,432	$-22,117	-1.4%

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

$43,132

Total Directors

Key Employees

$56,738

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlotte Sommers	Business Manager	20.00	Key Emp	$13,606	$0	$13,606
Ryan Reardon	Ex Officio	40.00	Officer Key Emp	$43,132	$0	$43,132
James Bixby	Director	2.00	Director	$0	$0	$0
Danny McClinton	Director	1.00	Director	$0	$0	$0
John Barnard	Treasurer	1.00	Officer Director	$0	$0	$0
Douglas Haynes	Director	1.00	Director	$0	$0	$0
Christopher Youngblood	Director	1.00	Director	$0	$0	$0
Andre Cholmondeley	Director	1.00	Director	$0	$0	$0
Linda Kendall Fields	Chair	1.00	Officer Director	$0	$0	$0
Lockie Hunter	Director	1.00	Director	$0	$0	$0
Geert Bevin	Director	1.00	Director	$0	$0	$0
Kim Roney	Secretary	1.00	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	No data	No data	No data	No data
2024	$275,226	$266,794	$377,144	$8,432
2023	$236,785	$258,902	$365,644	$-22,117
2022	$372,538	$208,421	$386,267	$164,117
2021	$169,569	$190,808	$249,264	$-21,239
2020	$211,537	$220,752	$174,466	$-9,215
2019	$191,070	$223,007	$169,635	$-31,937

Asheville Music School Sound Education