PRELUDE MUSIC FOUNDATION (EIN 471645705) - 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

Tax Period

2023-07-01 to 2024-06-30

PRELUDE MUSIC FOUNDATION, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $386K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $576K exceeded revenue, resulting in a 49% operating deficit.

Mission

TEACHERS ARE DISPATCHED TO LOCAL PUBLIC ELEMENTARY SCHOOLS TO TEACH MUSIC TO CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $274,426

Program Service Revenue $111,823

Investment Income $30

Other Revenue $0

TOTAL REVENUE $386,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,995

Fundraising Expenses $15,362

Program Expenses $404,550

Other Expenses $159,517

TOTAL EXPENSES $575,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,279	$524,649	-0.3%
Expenses	$575,512	$452,990	+0.3%
Net Income	$-189,233	$71,659	-3.6%

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

$46,100

Total Directors

$142,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA R TREVINO-GODFREY	BOARD MEMBER	20.00	Director	$52,100	$0	$52,100
JONATHAN GODFREY	EXECUTIVE DIRECTOR	20.00	Officer Director	$46,100	$0	$46,100
MARGARET OWEN	DIRECTOR OF OPERATIONS	20.00	Director	$44,000	$0	$44,000
Lauren Sanders	Board Member	2.00	Director	$0	$0	$0
RANDY CRATH	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLINE REICHERT	SECRETARY	2.00	Director	$0	$0	$0
Stephanie Wiegland	Board Member	2.00	Director	$0	$0	$0
VIVIANA DENECHAUD	BOARD MEMBER	2.00	Director	$0	$0	$0
Jayne Johnston	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY B HAPGOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA SOLERA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER LEWIS	TREASURER	2.00	Director	$0	$0	$0
ELI LEVINOWITZ	PRESIDENT	2.00	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	No data	No data	No data	No data
2024	$386,279	$575,512	$30,666	$-189,233
2023	$524,649	$452,990	$219,899	$71,659
2022	$289,501	$213,236	$148,240	$76,265
2021	$201,654	$212,292	$71,975	$-10,638

PRELUDE MUSIC FOUNDATION