EN-RICH-MENT

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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

BETTY SMITH

Tax Period

2024-01-01 to 2024-12-31

EN-RICH-MENT, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $571K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $530K left a modest 7% surplus.

Mission

THE ORGANIZATION PROVIDES MUSICAL INSTRUCTION TO CHILDREN THROUGH SEMINAR AND WEEKEND PROGRAMS. INSTRUMENTS ARE PROVIDED TO THE CHILDREN FROM THE ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $530,232

MUSIC INSTRUCTION SUMMER PROGRAM AND SATURDAY CLASSES.

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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 $557,809

Program Service Revenue $0

Investment Income $3,508

Other Revenue $9,730

TOTAL REVENUE $571,047

Expense Breakdown

Grants Paid $737

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $530,232

Other Expenses $529,495

TOTAL EXPENSES $530,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,047	$433,413	+0.3%
Expenses	$530,232	$439,061	+0.2%
Net Income	$40,815	$-5,648	-8.2%

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

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
LATRICE VIROLA	PRESIDENT	3.00	Officer Director	$0	$0	$0
NATALIE MCCLESKEY	V. PRESIDENT	3.00	Officer Director	$0	$0	$0
STACY FREEMAN-KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVID MAYO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SCHECK	DIRECTOR	1.00	Director	$0	$0	$0
KATH MCILVAIN	DIRECTOR	1.00	Director	$0	$0	$0
ZACH YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCOTT	EX OFFICIO	8.00	Director	$0	$0	$0
GENEVIEVE GEISLER	EX OFFICIO	8.00	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	$571,047	$530,232	$443,544	$40,815
2023	$433,413	$439,061	$398,010	$-5,648
2022	$574,418	$387,463	$399,974	$186,955
2021	$369,330	$278,553	$212,917	$90,777
2020	$262,913	$224,091	$118,373	$38,822
2019	$191,292	$168,971	$78,480	$22,321