ROOTS & AMERICAN MUSIC SOCIETY (EIN 472407344) - 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

2013

Legal Domicile

Principal Officer

STEVE DUNAVANT

Phone

9012928049

Tax Period

2019-10-01 to 2020-09-30

ROOTS & AMERICAN MUSIC SOCIETY, founded in 2013, is a small nonprofit that reported $186K in total revenue in fiscal year 2019. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $318K exceeded revenue, resulting in a 71% operating deficit.

Mission

EXISTS TO FOSTER AND SUPPORT THE CREATION, PERFORMANCE & APPRECIATION OF ROOTS & AMERICAN MUSIC IN MEMPHIS & THE MIDSOUTH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $183,500

Program Service Revenue $0

Investment Income $0

Other Revenue $2,712

TOTAL REVENUE $186,212

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $11,250

Fundraising Expenses $0

Program Expenses $301,691

Other Expenses $290,696

TOTAL EXPENSES $317,946

Year-over-Year Comparison

	2019	2018	Change
Revenue	$186,212	$242,530	-0.2%
Expenses	$317,946	$101,570	+2.1%
Net Income	$-131,734	$140,960	-1.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN HAYES	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
STEVE DUNAVANT	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAY HEALY	BOARD MEMBER	5.00	Director	$0	$0	$0
CINDY COGBILL	BOARD MEMBER	5.00	Director	$0	$0	$0
SHELIA WHALUM	BOARD MEMBER	5.00	Director	$0	$0	$0
AMY WRIGHT	BOARD MEMBER	5.00	Director	$0	$0	$0
DR KEN STEORTS	BOARD MEMBER	5.00	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
2020	$186,212	$317,946	$11,055	$-131,734
2019	$242,530	$101,570	$146,289	$140,960

ROOTS & AMERICAN MUSIC SOCIETY