NATIONAL FEDERATION OF MUSIC CLUBS MS SUZANNE CARPENTER (EIN 480629706) - 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

1898

Legal Domicile

Principal Officer

SUZANNE CARPENTER

Phone

3178824003

Tax Period

2022-07-01 to 2023-06-30

NATIONAL FEDERATION OF MUSIC CLUBS MS SUZANNE CARPENTER, founded in 1898, is a small nonprofit in the Arts, Culture & Humanities sector that reported $780K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $14.3M represent 220 months of operating reserves.

Mission

THE MISSION OF THE FEDERATION IS TO SUPPORT AND DEVELOP AMERICAN MUSIC AND MUSICIANS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $89,234

Program Service Revenue $339,027

Investment Income $264,519

Other Revenue $87,341

TOTAL REVENUE $780,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,911

Fundraising Expenses $0

Program Expenses $314,131

Other Expenses $649,123

TOTAL EXPENSES $790,034

Year-over-Year Comparison

	2022	2021	Change
Revenue	$780,121	$1,337,896	-0.4%
Expenses	$790,034	$661,551	+0.2%
Net Income	$-9,913	$676,345	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH FREEMAN	PRESIDENT	5.00	Officer	$0	$0	$0
HEIDI HONG	FIRST VP	5.00	Officer	$0	$0	$0
CONNIE CRAIG	RECORDING SE	5.00	Officer	$0	$0	$0
SUZANNE CARPENTER	TREASURER	5.00	Officer	$0	$0	$0
LINDA MAURHOFF	VP NORTHEAST	5.00	Officer	$0	$0	$0
WILMA HAWKINS	VP WEST	5.00	Officer	$0	$0	$0
MARY WESCOTT	VP NORTH CEN	5.00	Officer	$0	$0	$0
JOEL ADAMS	VP SOUTHEAST	5.00	Officer	$0	$0	$0
JEAN MOFFATT	VP SOUTH CEN	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$780,121	$790,034	$14,305,847	$-9,913
2022	$1,337,896	$661,551	$14,315,760	$676,345
2021	$1,702,418	$738,421	$13,639,415	$963,997
2020	$760,673	$825,398	$12,675,418	$-64,725
2019	$1,044,058	$886,481	$12,740,143	$157,577

NATIONAL FEDERATION OF MUSIC CLUBS MS SUZANNE CARPENTER