BASE ACADEMY OF MUSIC (EIN 461794251) - 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

CLINT VELAZQUEZ

Phone

9134492817

Tax Period

2024-01-01 to 2024-12-31

BASE ACADEMY OF MUSIC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $221K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $192K left a modest 13% surplus.

Mission

PROVIDING MUSICAL EDUCATION TO URBAN STUDENTS

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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 $156,193

Program Service Revenue $65,487

Investment Income $0

Other Revenue $-847

TOTAL REVENUE $220,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,703

Fundraising Expenses $3,065

Program Expenses $144,895

Other Expenses $106,543

TOTAL EXPENSES $192,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,833	$180,399	+0.2%
Expenses	$192,311	$214,850	-0.1%
Net Income	$28,522	$-34,451	-1.8%

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

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

$29,692

Total Directors

$29,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT VELAZQUEZ	EXECUTIVE DIRECTOR	40.00	Officer Director	$29,692	$0	$29,692
STEPHANIE BURTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN NORTAON	VICE- PRESIDENT	1.00	Officer Director	$0	$0	$0
JACE'KARMON THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLINE GRAY	DIRECTOR	1.00	Director	$0	$0	$0
SUSNA MARTINIZ	DIRECTOR	1.00	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	$220,833	$192,311	$51,444	$28,522

BASE ACADEMY OF MUSIC