AMERICAN FEDERATION OF MUSICIANS OF SDG 40-543 LOCAL 29 (EIN 520424654) - 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

1963

Legal Domicile

Principal Officer

MARY C PLAINE

Phone

4103377277

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FEDERATION OF MUSICIANS OF SDG 40-543 LOCAL 29, founded in 1963, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $90K, a strong 27% operating margin.

Mission

ORGANIZE MUSICIANS, CREATE OPPORTUNITIES TO DEVELOP MEMBERSTALENTS AND SKILLS, ENSURE THAT WORK WILL BE FULFILLING AND MEMBERS COMPENSATED FAIRLY

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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 $284,977

Program Service Revenue $0

Investment Income $6,330

Other Revenue $37,280

TOTAL REVENUE $328,587

Expense Breakdown

Grants Paid $300

Salaries & Benefits $81,983

Fundraising Expenses $0

Program Expenses $13,226

Other Expenses $156,445

TOTAL EXPENSES $238,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,587	$303,493	+0.1%
Expenses	$238,728	$269,071	-0.1%
Net Income	$89,859	$34,422	+1.6%

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

N/A

Employees

N/A

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

$29,101

Total Directors

$7,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BENAC	DIRECTOR	1.00	Director	$1,973	$0	$1,973
SARA NICHOLS	DIRECTOR	1.00	Director	$4,673	$0	$4,673
BRIAN SANDERS	DIRECTOR	1.00	Director	$473	$0	$473
LISA STELTENPOHL	DIRECTOR	1.00	Director	$473	$0	$473
MICHAEL DECKER	PRESIDENT	1.00	Officer	$2,004	$0	$2,004
MARY PLAINE	SECRETARY/TREASURER	30.00	Officer	$24,404	$0	$24,404
GREG MULLIGAN	VICE-PRESIDENT	1.00	Officer	$2,693	$0	$2,693

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	$328,587	$238,728	$285,042	$89,859
2023	$303,493	$269,071	$221,005	$34,422
2022	$286,487	$276,656	$179,848	$9,831
2021	$213,800	$248,682	$164,757	$-34,882
2020	$280,548	$288,734	$194,427	$-8,186
2018	$267,590	$286,324	$232,330	$-18,734

AMERICAN FEDERATION OF MUSICIANS OF SDG 40-543 LOCAL 29