MARS HILL AUDIO INC (EIN 541525723) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

KENNETH A MYERS

Phone

4349909000

Tax Period

2023-10-01 to 2024-09-30

MARS HILL AUDIO INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $442K in total revenue in fiscal year 2017. Expenses of $418K left a modest 5% surplus.

Mission

MARS HILL AUDIO PRODUCES CREATIVE AUDIO RESOURCES THAT ENCOURAGE CHRISTIANS TO GROW IN OBEDIENT WISDOM CONCERNING THE CULTURAL CONSEQUENCES OF OUR DUTY TO LOVE GOD AND NEIGHBOR.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $259,706

Program Service Revenue $62,314

Investment Income $1,678

Other Revenue $8

TOTAL REVENUE $323,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,739

Fundraising Expenses $14,627

Program Expenses $266,132

Other Expenses $147,710

TOTAL EXPENSES $348,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,706	$400,598	-0.2%
Expenses	$348,449	$223,278	+0.6%
Net Income	$-24,743	$177,320	-1.1%

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

$129,079

Total Directors

$129,079

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE ADAMS	CHAIRMAN	0.00	Officer Director	$0	$0	$0
KYLE WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
MILTON MATTER	TREASURER	0.00	Officer Director	$0	$0	$0
KENNETH MYERS	PRESIDENT	40.00	Officer Director	$112,348	$16,731	$129,079
THOMAS FICKLEY	DIRECTOR	0.00	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	$323,706	$348,449	$427,794	$-24,743
2023	$400,598	$223,278	$426,180	$177,320
2022	$280,457	$233,688	$296,569	$46,769
2021	$325,739	$244,391	$282,263	$81,348
2020	$411,556	$381,553	$191,640	$30,003
2019	$371,819	$393,960	$169,818	$-22,141
2018	$441,593	$417,708	$209,428	$23,885

MARS HILL AUDIO INC