North Carolina Music Educators Association (EIN 561081959) - 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

1970

Legal Domicile

Principal Officer

SUSAN HEISERMAN

Phone

9194247008

Tax Period

2024-07-01 to 2025-06-30

North Carolina Music Educators Association, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO ADVANCE MUSIC EDUCATION BY PROMOTING THE UNDERSTANDING AND MAKING OF MUSIC BY ALL.

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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 $10,098

Program Service Revenue $1,159,242

Investment Income $2,522

Other Revenue $16,185

TOTAL REVENUE $1,188,047

Expense Breakdown

Grants Paid $15,977

Salaries & Benefits $91,687

Fundraising Expenses $3,969

Program Expenses $1,126,549

Other Expenses $1,111,156

TOTAL EXPENSES $1,218,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,188,047	$1,218,775	0.0%
Expenses	$1,218,820	$1,152,677	+0.1%
Net Income	$-30,773	$66,098	-1.5%

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

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

$71,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Butler	President	6.00	Officer Director	$0	$0	$0
Johnathan Hamiel	Immediate Past President	4.00	Officer Director	$0	$0	$0
Cynthia Wagoner	Recording Secretary	2.00	Officer Director	$0	$0	$0
Carolina Perez	President-Elect	4.00	Officer Director	$0	$0	$0
Michael Henderson	Member-at-Large	1.00	Director	$0	$0	$0
Demeka Kimpson	Member-at-Large	1.00	Director	$0	$0	$0
Chris White	Band Section Chair	3.00	Director	$0	$0	$0
Steven Kelly	Band Section Delegate	1.00	Director	$0	$0	$0
Jeannine DuMond	Elementary Section Chair	3.00	Director	$0	$0	$0
Jenny Patchett	High School Choral Section	3.00	Director	$0	$0	$0
Fred Spano	Higher Education Section C	1.00	Director	$0	$0	$0
Matthew Howard	Jazz Education Section Cha	3.00	Director	$0	$0	$0
Angel Cuddeback	Middle School Choral Secti	3.00	Director	$0	$0	$0
Veronica Biscocho	Orchestra Section Chair	3.00	Director	$0	$0	$0
Corrie Tew	Orchestra Section Delegate	1.00	Director	$0	$0	$0
Cristoto Lim	Collegiate NAfME President	2.00	Director	$0	$0	$0
Molly Griffin	District 1 President	1.00	Director	$0	$0	$0
Michael Palmer	District 2 President	1.00	Director	$0	$0	$0
Shearon Miller	District 3 President	1.00	Director	$0	$0	$0
Ronald Forsh	District 5 President	1.00	Director	$0	$0	$0
Douglas Rowe	District 6 President	1.00	Director	$0	$0	$0
Andrea Evans	District 7 President	1.00	Director	$0	$0	$0
Anna Morris	District 8 President	1.00	Director	$0	$0	$0
Jim Kirkpatrick	Band Section Chair thru Nov 24	3.00	Director	$0	$0	$0
O'Shae Best	Band Section Delegate thru Nov 24	1.00	Director	$0	$0	$0
Aleisa Baker	High School Choral Section Chair thru Nov 24	3.00	Director	$0	$0	$0
Jose Rivera	Higher Educ Section Chair thru Nov 24	1.00	Director	$0	$0	$0
Tina Robinett	Jazz Education Section Chair thru Nov 24	3.00	Director	$0	$0	$0
Luke Meade	Jazz Section Delegate thru Nov 24	1.00	Director	$0	$0	$0
Emily Turner	Middle School Choral Section Chair thru Nov 24	3.00	Director	$0	$0	$0
Joey Walker	Orchestra Section Chair thru Nov 24	3.00	Director	$0	$0	$0
Matthew Holt	Orchestra Section Delegate thru Nov 24	1.00	Director	$0	$0	$0
Isaac Reyes	Collegiate NAfME President thru Nov 24	2.00	Director	$0	$0	$0
Joseph Girgenti	Elementary Section Chair thru Nov 24	3.00	Director	$0	$0	$0
Susan Heiserman	Executive Director	40.00	Officer	$71,800	$0	$71,800

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
2025	$1,188,047	$1,218,820	$1,217,917	$-30,773
2024	$1,218,775	$1,152,677	$1,165,198	$66,098
2023	$1,044,781	$1,088,898	$1,028,469	$-44,117
2022	$732,789	$843,458	$1,025,143	$-110,669
2021	$274,619	$369,066	$1,225,577	$-94,447
2020	$883,260	$967,363	$1,163,647	$-84,103
2019	$1,325,139	$1,372,607	$1,236,360	$-47,468

North Carolina Music Educators Association