FIRST COAST COMMUNITY MUSIC SCHOOL INC (EIN 465458850) - 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

2014

Legal Domicile

Principal Officer

SCOTT GREGG

Phone

9045151592

Tax Period

2017-07-01 to 2018-06-30

FIRST COAST COMMUNITY MUSIC SCHOOL INC, founded in 2014, is a small nonprofit that reported $220K in total revenue in fiscal year 2017. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $311K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE MISSION OF THE FIRST COAST COMMUNITY MUSIC SCHOOL IS TO SERVE AS A NON-PROFIT, NON DEGREE-GRANTING INSTITUTION DEDICATED TO BRINGING HIGH QUALITY PROFESSIONAL MUSIC INSTRUCTION TO STUDENTS OF ALL AGES, FROM A BROAD SPECTRUM OF THE COMMUNITY IN ORDER TO ENRICH THE CULTURAL LIFE OF THE GREATER JACKSONVILLE COMMUNITY.

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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 (2017)

Revenue Breakdown

Contributions & Grants $39,884

Program Service Revenue $178,715

Investment Income $142

Other Revenue $1,374

TOTAL REVENUE $220,115

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $130,775

Fundraising Expenses $0

Program Expenses $195,558

Other Expenses $175,412

TOTAL EXPENSES $311,187

Year-over-Year Comparison

	2017	2016	Change
Revenue	$220,115	$171,171	+0.3%
Expenses	$311,187	$196,033	+0.6%
Net Income	$-91,072	$-24,862	+2.7%

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

$97,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WINSTON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GREGG	ARTISTIC & E	40.00	Officer	$64,500	$0	$64,500
TAMI CHACON	ADMIN. DIREC	40.00	Officer	$33,000	$0	$33,000

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
2018	$220,115	$311,187	$73,818	$-91,072

FIRST COAST COMMUNITY MUSIC SCHOOL INC