CYRUS T ELK FOUNDATION FOR THE PROMULGATION OF YOUTH MUSIC EDUCAT (EIN 463546124) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

2013

Legal Domicile

Principal Officer

Candler Gibson

Phone

4152977631

Tax Period

2024-01-01 to 2024-12-31

CYRUS T ELK FOUNDATION FOR THE PROMULGATION OF YOUTH MUSIC EDUCAT, founded in 2013, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2024. Revenue surged 349% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 49% operating margin.

Mission

The Cyrus T. Elk Foundation provides charitable donations and grants to other non-profit organizations, specifically those organizations working to promote, perform, and educate the public about a cappella music.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,810

Program Service Revenue $0

Investment Income $21,365

Other Revenue $2,771

TOTAL REVENUE $58,946

Expense Breakdown

Grants Paid $23,540

Salaries & Benefits $0

Fundraising Expenses $1,526

Program Expenses $23,540

Other Expenses $6,735

TOTAL EXPENSES $30,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,946	$13,122	+3.5%
Expenses	$30,275	$9,647	+2.1%
Net Income	$28,671	$3,475	+7.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candler Gibson	President	4	Officer Director	$0	$0	$0
Douglas Streat	Secretary	3.00	Officer Director	$0	$0	$0
Brian Molina	Treasurer	2	Officer Director	$0	$0	$0
Ethan Prater	Director	2.00	Director	$0	$0	$0
Robert Eggers	Director	2	Director	$0	$0	$0
John Lang	Director	1	Director	$0	$0	$0
Jeffery Warren	Director	1	Director	$0	$0	$0
James Connaughton	Director	1	Director	$0	$0	$0
Joseph Pertel	Director	0.5	Director	$0	$0	$0
Chaim Bloom	Director	0.5	Director	$0	$0	$0
Frederick Reichenbach	Director	2	Director	$0	$0	$0
Nicholas Clemm	Director	2	Director	$0	$0	$0
Kyle Picha	Director	1	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
2025	No data	No data	No data	No data
2024	$58,946	$30,275	$656,838	$28,671
2023	$13,122	$9,647	$587,636	$3,475
2022	$3,720	$16,783	$514,080	$-13,063
2021	$212,739	$15,606	$610,957	$197,133

CYRUS T ELK FOUNDATION FOR THE PROMULGATION OF YOUTH MUSIC EDUCAT