GEORGIA MUSIC FOUNDATION INC (EIN 582133856) - 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

1994

Legal Domicile

Principal Officer

LISA LOVE HENDERSON

Phone

4787311476

Tax Period

2023-07-01 to 2024-06-30

GEORGIA MUSIC FOUNDATION INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

FOSTERING AN AWARENESS OF THE STATE'S RICH MUSIC HERITAGE BY SUPPORTING PROGRAMS OF PRESERVATION, EDUCATION AND OUTREACH.

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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 $255,362

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $255,362

Expense Breakdown

Grants Paid $97,532

Salaries & Benefits $26,913

Fundraising Expenses $8,181

Program Expenses $226,993

Other Expenses $129,356

TOTAL EXPENSES $253,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,362	$291,935	-0.1%
Expenses	$253,801	$280,216	-0.1%
Net Income	$1,561	$11,719	-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

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

$25,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA LOVE HENDERSON	FOUNDATION M	32.00	Officer	$25,000	$0	$25,000
LEDJA COBB	DIRECTOR	1.00	Director	$0	$0	$0
DALLAS DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
DINAH GRETSCH	DIRECTOR	1.00	Director	$0	$0	$0
BO HENRY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE FONTAINE JR	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL BENNETT	CHAIR	1.00	Officer	$0	$0	$0
BEN HARBIN	SECRETARY-TR	1.00	Officer	$0	$0	$0
KARLA REDDING-ANDREWS	VICE-CHAIR	1.00	Officer	$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	No data	No data	No data	No data
2024	$255,362	$253,801	$91,160	$1,561
2023	$291,935	$280,216	$90,553	$11,719
2022	$138,032	$133,056	$79,214	$4,976
2021	$257,526	$284,949	$73,925	$-27,423
2020	$187,571	$200,724	$99,802	$-13,153

GEORGIA MUSIC FOUNDATION INC