Indiana Music Education Associatio… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

Lane Velayo

Phone

3175368344

Tax Period

2024-07-01 to 2025-06-30

Indiana Music Education Association Foundation, founded in 1996, is a small nonprofit in the Education sector that reported $545K in total revenue in fiscal year 2024. Expenses of $509K left a modest 7% surplus.

Mission

To support the charitabel efforts of Indiana Music Educators Association and ass the needs of Indianas school aged children.

Program Service Accomplishments

Program 1

Expenses: $94,207 Revenue: $31,405

Support the charitable efforts of the IN Music Educators Association and assist the needs of Indianas school aged children.

Program 2

Expenses: $383,888 Revenue: $462,140

Annual Convention/Conference

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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 $82,606

Program Service Revenue $462,140

Investment Income $92

Other Revenue $0

TOTAL REVENUE $544,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,095

Other Expenses $509,190

TOTAL EXPENSES $509,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$544,838	$561,444	0.0%
Expenses	$509,190	$506,353	+0.0%
Net Income	$35,648	$55,091	-0.4%

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

100

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
See Attachment I	See Attachement I	0.50		$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	$544,838	$509,190	$97,040	$35,648
2024	No data	No data	No data	No data
2023	$420,016	$480,520	No data	$-60,504
2022	$350,243	$350,139	$60,021	$104

Indiana Music Education Association Foundation