Society for the Preservation of Texas Music (EIN 464114308) - 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

2013

Legal Domicile

Principal Officer

Alan Berg

Phone

5123740000

Tax Period

2024-01-01 to 2024-12-31

Society for the Preservation of Texas Music, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 103% operating deficit.

Mission

The Society for the Preservation of Texas Music is a 501(c)(3) non-profit organization devoted to archiving, recognizing, and honoring the creators of Texas music, the finest of the fine arts that define Texas and Texans as a place, people and culture unto itself.

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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 $601

Program Service Revenue $1,057

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,200

Other Expenses $3,370

TOTAL EXPENSES $3,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,658	$6,164	-0.7%
Expenses	$3,370	$53,953	-0.9%
Net Income	$-1,712	$-47,789	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Berg	Co-Founder & Board Director	0.60	Officer Director	$0	$0	$0
Abby Rapoport	Board Director	0.40	Director	$0	$0	$0
Jason Mellard	Board Director	0.40	Director	$0	$0	$0
Ross Ramsey	Board Director	0.40	Director	$0	$0	$0
Tracy LaQuey Parker	Board Director	0.40	Director	$0	$0	$0
Vicky Andres	Board Director	0.40	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	$1,658	$3,370	$88,034	$-1,712
2023	$6,164	$53,953	$89,746	$-47,789
2022	$195,781	$179,688	$158,067	$16,093
2021	$84,159	$69,360	$37,978	$14,799
2020	$204,995	$202,591	$21,892	$2,404
2019	$323,311	$315,565	$19,488	$7,746

Society for the Preservation of Texas Music