FOX VALLEY MUSIC FOUNDATION

EIN: 471159879 501(c)(3) Arts, Culture & Humanities

AURORA, IL

Total Revenue
$599,453
Total Expenses
$642,284
Total Assets
$397,252
Net Assets
$45,681
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
DAVID SEAN GLYNN
Phone
3312128490
Tax Period
2023-01-01 to 2023-12-31

FOX VALLEY MUSIC FOUNDATION, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION'S GOAL IS TO PRESERVE, PROTECT, PROMOTE THE MUSIC OF THE FOX VALLEY (ILLINOIS) AREA. THIS IS ACCOMPLISHED BY PROVIDING EDUCATIONAL OPPORTUNITIES THROUGH THEIR WEBSITE, FREE LECTURES, MUSIC DOCUMENTARIES, LIVESTREAM AND PERFORMACE EVENTS. EVENTS ARE HELD IN THE VENUE OPERATED BY THE MUSIC FOUNDATION, AND IN THE ADJACENT MUNDY PARK IN FURTHERANCE OF ITS BROADER NON-PROFIT GOALS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,832
Program Service Revenue $519,140
Investment Income $14
Other Revenue $18,467
TOTAL REVENUE $599,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,209
Fundraising Expenses $83,019
Program Expenses $445,035
Other Expenses $469,075
TOTAL EXPENSES $642,284

Year-over-Year Comparison

2023 2022 Change
Revenue $599,453 $484,430 +0.2%
Expenses $642,284 $556,655 +0.2%
Net Income $-42,831 $-72,225 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
8
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
5
$0
Total Directors
10
$42,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SEAN GLYNN PRESIDENT 10.00
Officer Director
$0 $0 $0
GINA MOGA VICE PRESIDE 10.00
Officer Director
$0 $0 $0
BILL WIET TREASURER 10.00
Officer Director
$0 $0 $0
JIM GIBBONS SECRETARY 10.00
Officer Director
$0 $0 $0
JEANNIE NORRIS DIRECTOR 1.00
Director
$0 $0 $0
BILL HULL DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BAULER DIRECTOR 1.00
Director
$0 $0 $0
RYAN ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
TIM HOPKINS DIRECTOR 1.00
Director
$0 $0 $0
MELISSA MERCADO EXECUTIVE DI 40.00
Director
$42,500 $0 $42,500
KAREN FOUTS EXECUTIVE DI 10.00
Officer
$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 No data No data No data No data
2023 $599,453 $642,284 $397,252 $-42,831
2022 $484,430 $556,655 $466,916 $-72,225
2021 $374,197 $423,183 $363,431 $-48,986
2020 $265,454 $288,693 $461,038 $-23,239
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