California Bluegrass Association (EIN 510204434) - 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

1974

Legal Domicile

Principal Officer

Pete Lude

Phone

8442584727

Tax Period

2023-10-01 to 2024-09-30

California Bluegrass Association, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $856K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

To promote & preserve Bluegrass, Gospel, Traditional and Old Time music in California.

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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 $91,555

Program Service Revenue $756,764

Investment Income $31

Other Revenue $7,163

TOTAL REVENUE $855,513

Expense Breakdown

Grants Paid $16,959

Salaries & Benefits $46,000

Fundraising Expenses $17,842

Program Expenses $945,511

Other Expenses $1,103,147

TOTAL EXPENSES $1,166,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$855,513	$1,073,372	-0.2%
Expenses	$1,166,106	$1,093,777	+0.1%
Net Income	$-310,593	$-20,405	+14.2%

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

400

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

$46,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pete Lude	Executive Dir.	40.00	Officer	$46,000	$0	$46,000
Theresa Gooding	President	8.00	Officer Director	$0	$0	$0
Phoebe Leigh-Suelflow	Treasurer	16.00	Officer Director	$0	$0	$0
Andrea Zelones	Secretary	8.00	Officer Director	$0	$0	$0
David Gooding	Chairman	8.00	Officer Director	$0	$0	$0
Robin Frenette	Board Member	8.00	Director	$0	$0	$0
Karen Celia Heil	Board Member	8.00	Director	$0	$0	$0
Lani Way	Board Member	8.00	Director	$0	$0	$0
Tyler Stamets	Board Member	8.00	Director	$0	$0	$0
Joel Keebler	Board Member	8.00	Director	$0	$0	$0
Ashley Readel	Board Member	8.00	Director	$0	$0	$0
Deborah Wendt	Vice President Membership	8.00	Officer	$0	$0	$0
Ted Kuster	Vice President Membership	8.00	Officer	$0	$0	$0
Darby Brandli	Vice President Youth Programs	8.00	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
2024	$855,513	$1,166,106	$406,382	$-310,593
2023	$1,073,372	$1,093,777	$708,749	$-20,405
2022	$742,018	$687,559	$687,891	$54,459
2021	$481,099	$115,977	$645,915	$365,122
2018	$689,071	$618,889	$386,218	$70,182

California Bluegrass Association