TRIANGLE YOUTH MUSIC INC (EIN 581818884) - 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

1988

Legal Domicile

Principal Officer

SARAH WHITNEY

Phone

9196458434

Tax Period

2024-07-01 to 2025-06-30

TRIANGLE YOUTH MUSIC INC, founded in 1988, is a small nonprofit that reported $672K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $626K left a modest 7% surplus.

Mission

TO SPONSOR AND PROMOTE YOUTH ORCHESTRAS IN WAKE COUNTY, NORTH CAROLINA

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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 $548,859

Program Service Revenue $111,135

Investment Income $7,868

Other Revenue $3,738

TOTAL REVENUE $671,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,834

Fundraising Expenses $32,054

Program Expenses $499,979

Other Expenses $307,347

TOTAL EXPENSES $626,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,600	$603,787	+0.1%
Expenses	$626,181	$563,627	+0.1%
Net Income	$45,419	$40,160	+0.1%

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

298

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

$92,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH WHITNEY	EXECUTIVE DI	40.00	Officer	$92,400	$0	$92,400
CHRISTIN DANCHI	PRESIDENT	3.00	Officer Director	$0	$0	$0
STEPHANIE PETZOLD	PAST PRESIDE	3.00	Officer Director	$0	$0	$0
BOB WEISE	TREASURER	3.00	Officer Director	$0	$0	$0
PAMELA BASH	SECRETARY	3.00	Officer Director	$0	$0	$0
ZOILA AIRALL	AT-LARGE	1.00	Director	$0	$0	$0
JOEL DUQUENE	AT-LARGE	1.00	Director	$0	$0	$0
TIFFANY HADDOCK	AT-LARGE	1.00	Director	$0	$0	$0
STEVE HODGES	AT-LARGE	1.00	Director	$0	$0	$0
JENNIFER MULROONEY	AT-LARGE	1.00	Director	$0	$0	$0
KELLI PARTIN	AT-LARGE	1.00	Director	$0	$0	$0
CHRISTOPHER SHORT	AT-LARGE	1.00	Director	$0	$0	$0
SETH WEINREB	AT-LARGE	1.00	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
2025	$671,600	$626,181	$583,780	$45,419
2024	$603,787	$563,627	$515,938	$40,160
2023	$523,798	$478,029	$422,767	$45,769
2022	$398,304	$381,959	$375,449	$16,345
2021	$274,811	$246,984	$366,474	$27,827
2020	$315,393	$298,685	$332,098	$16,708
2019	$327,314	$315,863	$327,758	$11,451
2018	$337,586	$305,170	$313,536	$32,416

TRIANGLE YOUTH MUSIC INC