EASTERN MUSIC FESTIVAL INC (EIN 560771005) - 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

1965

Legal Domicile

Principal Officer

CHRIS WILLIAMS

Phone

3363337450

Tax Period

2023-10-01 to 2024-09-30

EASTERN MUSIC FESTIVAL INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE EASTERN MUSIC FESTIVAL'S MISSION IS TO PROMOTE MUSICAL ENRICHMENT THROUGH A NATIONALLY-RECOGNIZED TEACHING PROGRAM, MUSIC FESTIVAL, CONCERTS AND OTHER PROGRAMS WHICH WILL ENHANCE THE QUALITY OF LIFE, HEALTH AND VITALITY OF OUR REGION.

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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 $631,072

Program Service Revenue $1,678,616

Investment Income $33,276

Other Revenue $0

TOTAL REVENUE $2,342,964

Expense Breakdown

Grants Paid $378,201

Salaries & Benefits $1,225,251

Fundraising Expenses $111,881

Program Expenses $2,286,775

Other Expenses $1,196,031

TOTAL EXPENSES $2,799,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,342,964	$2,225,216	+0.1%
Expenses	$2,799,483	$2,580,632	+0.1%
Net Income	$-456,519	$-355,416	+0.3%

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

$113,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
ANNE STARR DENNY	DIRECTOR AND VICE CHAIR	3.00	Officer Director	$0	$0	$0
LOU ANNE FLANDERS-STEC	DIRECTOR AND TREASURER	3.00	Officer Director	$0	$0	$0
RONNIE S GRABON	DIRECTOR	1.00	Director	$0	$0	$0
JAY GWATKIN	DIRECTOR	1.00	Director	$0	$0	$0
NOAH L HOCK	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
CATRIONA KYLE-RICE	DIRECTOR	1.00	Director	$0	$0	$0
BERNFRIED MESSNER	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL NORINS	DIRECTOR	1.00	Director	$0	$0	$0
DR KAMI ROWAN	DIRECTOR	1.00	Director	$0	$0	$0
DABNEY SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
D ALAN STEPHENS	DIRECTOR AND CHAIR	3.00	Officer Director	$0	$0	$0
ELIZABETH HOLLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE S TUTTLE	DIRECTOR AND SECRETARY	3.00	Officer Director	$0	$0	$0
LISA UNDERWOOD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WARMATH	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MUHLENKAMP	DIRECTOR	1.00	Director	$0	$0	$0
DWYLA PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY WELLS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
VAISHALI SHAH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	EXECUTIVE DIRECTOR	40.00	Officer	$100,276	$12,991	$113,267

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	$2,342,964	$2,799,483	$1,745,730	$-456,519
2023	$2,225,216	$2,580,632	$1,835,415	$-355,416
2022	$2,172,251	$2,353,536	$2,051,093	$-181,285

EASTERN MUSIC FESTIVAL INC