PIEDMONT COUNCIL OF TRADITIONAL MUSIC INC (EIN 581603429) - 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

1984

Legal Domicile

Principal Officer

BECKY BELL

Phone

9196648333

Tax Period

2023-07-01 to 2024-06-30

PIEDMONT COUNCIL OF TRADITIONAL MUSIC INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $722K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $867K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PRESERVE, PRESENT, AND PROMOTE ALL FORMS OF TRADITIONAL MUSIC, DANCE, AND OTHER FOLK PERFORMING ARTS.

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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 $249,351

Program Service Revenue $473,053

Investment Income $0

Other Revenue $0

TOTAL REVENUE $722,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,339

Fundraising Expenses $0

Program Expenses $753,310

Other Expenses $623,027

TOTAL EXPENSES $867,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,404	$846,090	-0.1%
Expenses	$867,366	$769,532	+0.1%
Net Income	$-144,962	$76,558	-2.9%

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

243

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

$110,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY BELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACK ROUSH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD HEMPHILL	TREASURER	1.00	Officer Director	$0	$0	$0
WILSON SAYRE	SECRETARY	1.00	Officer Director	$0	$0	$0
SPENCER MOBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIA ENRIQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY LAGANA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOLA OGUNTOYIMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHOENFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TATE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BROWER	EXECUTIVE DIRECTOR	40.00	Officer	$94,035	$16,285	$110,320

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	No data	No data	No data	No data
2024	$722,404	$867,366	$805,715	$-144,962
2023	$846,090	$769,532	$1,002,122	$76,558
2022	$981,518	$647,389	$1,023,241	$334,129
2021	$538,381	$557,612	$638,155	$-19,231
2020	$985,891	$703,077	$503,599	$282,814
2019	$676,687	$852,199	$260,852	$-175,512

PIEDMONT COUNCIL OF TRADITIONAL MUSIC INC