Midcoast Music Academy (EIN 455600605) - 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

2018

Legal Domicile

Principal Officer

Jennifer Kuli Feldman

Phone

2077017410

Tax Period

2024-09-01 to 2025-08-31

Midcoast Music Academy, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Primary Exempt PurposeMidcoast Music Academy is organized and operated exclusively for charitable and education purposes as set forth in section 501 (c) (3) of the Internal Revenue Code, or corresponding section of any future federal tax code. The Organization is devoted to promoting public appreciation of music through instruction, community programs, and performances.

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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 $98,639

Program Service Revenue $298,958

Investment Income $0

Other Revenue $0

TOTAL REVENUE $397,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,242

Fundraising Expenses $4,174

Program Expenses $202,227

Other Expenses $134,427

TOTAL EXPENSES $406,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,597	$342,233	+0.2%
Expenses	$406,669	$363,053	+0.1%
Net Income	$-9,072	$-20,820	-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

N/A

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
Jen Feldman	Director	5.00	Director	$0	$0	$0
Piet Lammert	Director	0.50	Director	$0	$0	$0
Paul Benjamin	Director	0.50	Director	$0	$0	$0
Merle Rockwell	Director	0.50	Director	$0	$0	$0
Courtney Naliboff	Director	0.50	Director	$0	$0	$0
Jeff Charland	Director	0.50	Director	$0	$0	$0
Guy Scalzi	Treasurer	2.50	Officer	$0	$0	$0
Walter Reitz	President	2.50	Officer	$0	$0	$0
Claire Donnelly	Secretary	1.25	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	$397,597	$406,669	$281,181	$-9,072
2024	$342,233	$363,053	$288,605	$-20,820
2023	$303,902	$338,934	$304,330	$-35,032
2022	$341,245	$320,106	$339,108	$21,139
2021	$237,580	$296,915	$348,163	$-59,335
2019	$418,766	$303,022	$147,223	$115,744
2018	$218,850	$272,669	$25,137	$-53,819

Midcoast Music Academy