KELLY MUSIC FOR LIFE (EIN 461605838) - 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

THOMAS KELLY

Tax Period

2025-01-01 to 2025-12-31

KELLY MUSIC FOR LIFE, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $392K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $74K, a strong 19% operating margin.

Mission

ADMINISTRATION OF COMMUNITY MUSIC FESTIVALS

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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 (2025)

Revenue Breakdown

Contributions & Grants $200,510

Program Service Revenue $123,604

Investment Income $4,368

Other Revenue $63,034

TOTAL REVENUE $391,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,528

Fundraising Expenses $0

Program Expenses $100,047

Other Expenses $219,260

TOTAL EXPENSES $317,788

Year-over-Year Comparison

	2025	2024	Change
Revenue	$391,516	$336,039	+0.2%
Expenses	$317,788	$275,893	+0.2%
Net Income	$73,728	$60,146	+0.2%

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

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

$63,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS KELLY	PRESIDENT	30.00	Officer	$39,000	$0	$39,000
SHERI KELLY	TREASURER	30.00	Officer	$13,200	$0	$13,200
PAUL KELLY	VICE PRESIDE	30.00	Officer	$11,000	$0	$11,000
JOHN BASSANI	DIRECTOR	N/A	Director	$0	$0	$0
DONALD KELLY	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT TRUMBULL	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN KELLY	SECRETARY	5.00	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	$391,516	$317,788	$1,208,993	$73,728
2025	No data	No data	No data	No data
2024	$336,039	$275,893	$1,066,571	$60,146
2023	$267,955	$251,260	$954,932	$16,695
2022	$324,141	$256,417	$900,497	$67,724
2021	$432,975	$197,620	$913,123	$235,355
2020	$265,499	$121,431	$837,808	$144,068
2019	$357,945	$226,846	$606,317	$131,099
2018	$442,611	$229,028	$489,826	$213,583

KELLY MUSIC FOR LIFE