Guitar Foundation of America (EIN 510147668) - 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

1973

Legal Domicile

Principal Officer

Martha Masters

Phone

8775701651

Tax Period

2023-09-01 to 2024-08-31

Guitar Foundation of America, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $554K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

The Guitar Foundation of America ("GFA") inspires artistry, builds community, and promotes the classical guitar internationally through excellence in performance, literature, education and research.

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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 $334,478

Program Service Revenue $196,813

Investment Income $7,897

Other Revenue $15,263

TOTAL REVENUE $554,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,252

Fundraising Expenses $0

Program Expenses $432,915

Other Expenses $458,104

TOTAL EXPENSES $554,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,451	$652,912	-0.2%
Expenses	$554,356	$699,839	-0.2%
Net Income	$95	$-46,927	-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

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

$20,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Masters	President	10.00	Officer	$20,833	$0	$20,833
Carol Sanders	Treasurer	2.00	Officer Director	$0	$0	$0
Matthew Cochran	Board Member	1.00	Director	$0	$0	$0
Brian Head	Artistic Dir.	1.00	Officer Director	$0	$0	$0
Chris Mallett	Board Chair	1.00	Officer Director	$0	$0	$0
Monica Davisson	Board Member	1.00	Director	$0	$0	$0
Zane Forshee	Board Member	1.00	Director	$0	$0	$0
Zo Johnstone-Stewart	Board Member	1.00	Director	$0	$0	$0
Judical Perroy	Board Member	1.00	Director	$0	$0	$0
Kenneth Kwan	Board Member	1.00	Director	$0	$0	$0
Michael Partington	Board Member	1.00	Director	$0	$0	$0
Rene Izquierdo	Board Member	1.00	Director	$0	$0	$0
Kami Rowan	Board Member	1.00	Director	$0	$0	$0
James Stroud	Board Member	1.00	Director	$0	$0	$0
Kim Perlak	Board Member	1.00	Director	$0	$0	$0
MaryLou Roberts	Board Member	1.00	Director	$0	$0	$0
Sonia Wilczewski	Board Member	1.00	Director	$0	$0	$0
Eric Sakurai	Board Member	1.00	Director	$0	$0	$0
Ciyadh Wells	Board Member	1.00	Director	$0	$0	$0
Loong Yong	Board member	1.00	Director	$0	$0	$0
Brad DeRoche	Board Member	1.00	Director	$0	$0	$0
Heidi Aggeler	Board Member	1.00	Director	$0	$0	$0
Abigail Aronson Zocher	Board Member	1.00	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
2024	$554,451	$554,356	$378,702	$95
2023	$652,912	$699,839	$331,170	$-46,927
2022	$424,278	$445,994	$363,731	$-21,716
2021	$284,501	$285,647	$442,312	$-1,146
2020	$321,090	$264,636	$371,981	$56,454
2019	$439,154	$416,619	$295,347	$22,535
2018	$413,519	$388,425	$266,558	$25,094

Guitar Foundation of America