The Texas Music Project (EIN 550817516) - 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

2003

Legal Domicile

Principal Officer

Michael Clay

Phone

2148781504

Tax Period

2020-01-01 to 2020-12-31

The Texas Music Project, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2020. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 37% operating deficit.

Mission

We created TMP to help address the lack of funding for the arts in general and specifically music education in our schools and communities. We believe music has the transformative power to connect, inspire and heal. For this reason we create educational, instructional, and informational programs for underprivileged groups. We inspire people to follow their dreams through music.

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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 (2020)

Revenue Breakdown

Contributions & Grants $67,950

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $67,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,500

Fundraising Expenses $11,173

Program Expenses $35,791

Other Expenses $86,382

TOTAL EXPENSES $92,882

Year-over-Year Comparison

	2020	2019	Change
Revenue	$67,950	$119,650	-0.4%
Expenses	$92,882	$103,241	-0.1%
Net Income	$-24,932	$16,409	-2.5%

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

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

$6,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Clay	Co-Founder/Executive Direc	10.00	Director	$6,500	$0	$6,500
John Paul Batiste	Founding Member	2.00	Officer	$0	$0	$0
Peyton Prince	Secretary	1.00	Officer	$0	$0	$0
Michael Hatley	Chairman	1.00	Officer	$0	$0	$0
Billy Hale	Technical	1.00	Officer	$0	$0	$0
Blair Robinson	Fundraising	1.00	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
2020	$67,950	$92,882	$43,544	$-24,932
2019	$119,650	$103,241	$68,476	$16,409

The Texas Music Project