Oakland Homeschool Music Inc

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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

2002

Legal Domicile

Principal Officer

Merlyn Beard

Phone

2487607864

Tax Period

2022-06-01 to 2023-05-31

Oakland Homeschool Music Inc, founded in 2002, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year.

Mission

Provide music education opportunities for K - 12 students with limited or no access to such opportunities in their education program through classes, performances and musical theatre productions.

Program Service Accomplishments

Program 1

Expenses: $214,567 Revenue: $237,644

Music education of approximately 310 grades K - 12 students from 185 families at Troy and Waterford, MI campuses. Performed multiple concerts and a summer musical theatre performance of Anastasia...

Music education of approximately 310 grades K - 12 students from 185 families at Troy and Waterford, MI campuses. Performed multiple concerts and a summer musical theatre performance of Anastasia with significant unrelated audiences. Multiple adjudicated performances, multiple students in statewide honors choir and orchestra. quadrennial music festival. Graduation ceremony for students. Managed adjudicated music events. Some of these programs have fees and costs independent of regular tuition.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,550

Program Service Revenue $239,962

Investment Income $7

Other Revenue $11,090

TOTAL REVENUE $254,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,574

Fundraising Expenses $0

Program Expenses $214,567

Other Expenses $110,248

TOTAL EXPENSES $253,822

Year-over-Year Comparison

	2022	2021	Change
Revenue	$254,609	$268,518	-0.1%
Expenses	$253,822	$262,657	0.0%
Net Income	$787	$5,861	-0.9%

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

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

$14,788

Total Directors

$47,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cherub Beard	Trustee	040.00	Director	$22,210	$0	$22,210
Merlyn Beard	President / CEO	030.00	Officer Director	$14,788	$0	$14,788
Mike Chang	Trustee	005.00	Director	$6,492	$0	$6,492
Kathryn Ugo	Trustee	009.00	Director	$4,451	$0	$4,451
Jeanette Ferguson	Treasurer	018.00	Officer Director	$0	$0	$0
Julie Ellis	Secretary	008.00	Officer Director	$0	$0	$0
Deborah Wolf	Vice President	005.00	Officer Director	$0	$0	$0
Cathy Lang	Trustee	005.00	Director	$0	$0	$0
Joshua Craft	Trustee	N/A	Director	$0	$0	$0
Stacey Peckens	Trustee	N/A	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
2023	$254,609	$253,822	$130,045	$787
2022	$268,518	$262,657	$125,300	$5,861
2021	$143,449	$158,367	$113,891	$-14,918
2020	$218,033	$205,608	$105,093	$12,425
2019	$279,247	$271,464	$112,716	$7,783
2018	$219,084	$179,834	$93,692	$39,250