TWIN CITIES CATALYST MUSIC INC (EIN 472182792) - 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

Bill Mohr

Phone

9528954664

Tax Period

2024-01-01 to 2024-12-31

TWIN CITIES CATALYST MUSIC INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $293K exceeded revenue, resulting in a 32% operating deficit.

Mission

Twin Cities Catalyst Music catalyzes the creative and professional potential of young people in the music industry.

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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 $150,703

Program Service Revenue $56,905

Investment Income $32

Other Revenue $14,321

TOTAL REVENUE $221,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,063

Fundraising Expenses $18,368

Program Expenses $195,294

Other Expenses $102,724

TOTAL EXPENSES $292,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,961	$298,787	-0.3%
Expenses	$292,912	$411,629	-0.3%
Net Income	$-70,951	$-112,842	-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

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

Total Directors

$74,249

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Mammenga	Executive Director	40	Director	$71,800	$2,449	$74,249
Carl Atiya Swanson	President	2	Officer Director	$0	$0	$0
Stacey Supina	Secretary	1	Officer Director	$0	$0	$0
James Taylor	Vice President	2	Officer Director	$0	$0	$0
Joel Walters	Board Member	1	Director	$0	$0	$0
Bill Mohr	Treasurer	2	Officer Director	$0	$0	$0
Shinwon Noh	Board Member	1	Director	$0	$0	$0
Tony LeFebvre	Board Member	1	Director	$0	$0	$0
Matt Holmes	Board Member	1	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	$221,961	$292,912	$63,079	$-70,951
2023	$298,787	$411,629	$144,729	$-112,842
2022	$365,242	$467,215	$254,301	$-101,973
2021	$385,561	$284,529	$400,504	$101,032
2020	$297,895	$215,727	$269,780	$82,168
2019	$368,651	$302,963	$172,029	$65,688
2018	$263,344	$267,305	$96,293	$-3,961

TWIN CITIES CATALYST MUSIC INC