LUTHERAN MUSIC PROGRAM (EIN 470638445) - 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

1981

Legal Domicile

Principal Officer

THOMAS BANDAR

Phone

6128799555

Tax Period

2024-10-01 to 2025-09-30

LUTHERAN MUSIC PROGRAM, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 3% surplus.

Mission

LUTHERAN MUSIC PROGRAM TRANSFORMS LIVES AND CONNECTS PEOPLE THROUGH FAITH AND MUSIC.

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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 $1,066,840

Program Service Revenue $279,670

Investment Income $180,297

Other Revenue $0

TOTAL REVENUE $1,526,807

Expense Breakdown

Grants Paid $157,690

Salaries & Benefits $436,493

Fundraising Expenses $101,296

Program Expenses $1,121,262

Other Expenses $880,928

TOTAL EXPENSES $1,475,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,807	$2,775,610	-0.4%
Expenses	$1,475,111	$1,527,972	0.0%
Net Income	$51,696	$1,247,638	-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

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

$131,450

Total Directors

$131,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BANDAR	EXECUTIVE DIRECTOR	40.00	Officer Director	$121,269	$10,181	$131,450
MICHAEL RICKMAN	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH DROTNING HARTWELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARIN SWENSON-MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
JANE WILKE	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA KEMPKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MACKENZIE MCNAUGHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY WIRTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DIETRICH JESSEN	ADVISORY COUNCIL CHAIR	1.00	Director	$0	$0	$0
DIETER NICKEL	HONORARY BOARD MEMBER	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
2025	$1,526,807	$1,475,111	$5,186,947	$51,696
2024	$2,775,610	$1,527,972	$4,805,864	$1,247,638
2023	$1,843,491	$1,314,642	$3,591,541	$528,849
2022	$1,763,933	$1,101,309	$2,920,609	$662,624
2021	$1,327,073	$912,402	$2,789,954	$414,671
2020	$654,077	$414,951	$2,260,505	$239,126
2019	$925,907	$793,830	$2,248,388	$132,077

LUTHERAN MUSIC PROGRAM