GROOVE INC (EIN 460459062) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

JANELLE WINTER

Phone

6053769581

Tax Period

2023-11-01 to 2024-10-31

GROOVE INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $328K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 11% surplus.

Mission

MUSIC EDUCATION FOR YOUTH AND PERFORMANCES IN COMMUNITIES

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $314,205

Program Service Revenue $13,988

Investment Income $32

Other Revenue $0

TOTAL REVENUE $328,225

Expense Breakdown

Grants Paid $7,401

Salaries & Benefits $49,522

Fundraising Expenses $64,000

Program Expenses $186,913

Other Expenses $197,346

TOTAL EXPENSES $292,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,225	$197,759	+0.7%
Expenses	$292,260	$187,849	+0.6%
Net Income	$35,965	$9,910	+2.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$2,500

Total Directors

$47,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA SARGENT	EXECUTIVE DIRECTOR	15.00	Director	$3,522	$0	$3,522
JANELLE WINTER	FINANCE DIRECTOR	15.00	Officer	$2,500	$0	$2,500
PETE HANSEN	EXECUTIVE DIRECTOR	40.00	Director	$43,500	$0	$43,500
TERRY BOON	PRESIDENT	5.00	Officer	$0	$0	$0
SETH TRUDEAU	MEMBER AT LARGE	3.00	Director	$0	$0	$0
GEORGE GONGOPOULUS	MEMBER AT LARGE	3.00	Director	$0	$0	$0
LINDA SHELTON	MEMBER AT LARGE	3.00	Director	$0	$0	$0
BRITTANY BANDSTRA	MEMBER AT LARGE	3.00	Director	$0	$0	$0
KC CARLSON	MEMBER AT LARGE	3.00	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	$328,225	$292,260	$163,979	$35,965

GROOVE INC