THE FLORIDA MUSIC EDUCATION ASSOCIATION INC (EIN 590791022) - 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

1944

Legal Domicile

Principal Officer

KATHLEEN D SANZ PHD

Phone

8508786844

Tax Period

2024-07-01 to 2025-06-30

THE FLORIDA MUSIC EDUCATION ASSOCIATION INC, founded in 1944, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE FLORIDA MUSIC EDUCATION ASSOCIATION IS TO PROMOTE QUALITY, COMPREHENSIVE MUSIC EDUCATION FOR ALL FLORIDA STUDENTS AS PART OF THEIR COMPLETE EDUCATION.

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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 $267,957

Program Service Revenue $1,347,719

Investment Income $68,484

Other Revenue $13,726

TOTAL REVENUE $1,697,886

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,602,627

Other Expenses $1,663,539

TOTAL EXPENSES $1,674,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,697,886	$1,630,956	+0.0%
Expenses	$1,674,039	$1,599,395	+0.0%
Net Income	$23,847	$31,561	-0.2%

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

N/A

Volunteers

532

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

$181,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON LOCKER	PRESIDENT	3.00	Officer Director	$0	$0	$0
HARRY SKIP PARDEE	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
SHELBY CHIPMAN PHD	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
JEFFREY CAYER	BOARD MEMBER	3.00	Director	$0	$0	$0
SANDRA SANCHEZ ADORNO PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
ASHLEY PEEK	BOARD MEMBER	3.00	Director	$0	$0	$0
JASON LANE	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRISTOPHER BURNS PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
LAURIE BITTERS	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID PLETINCKS	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVEN N KELLY PHD	MEMBER AT LARGE	3.00	Director	$0	$0	$0
SONDRA COLLINS	BOARD MEMBER	3.00	Director	$0	$0	$0
CLINT RANDLES PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRISTINE LAPKA EDD	BOARD MEMBER	3.00	Director	$0	$0	$0
DAKEYAN DRE GRAHAM PHD EDD	BOARD MEMBER	3.00	Director	$0	$0	$0
FRED SCHIFF	BOARD MEMBER	3.00	Director	$0	$0	$0
JEANNE REYNOLDS	BOARD MEMBER	3.00	Director	$0	$0	$0
AARON KASS	BOARD MEMBER	3.00	Director	$0	$0	$0
ARNEKUE JACKSON PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
AJORI SPENCER	BOARD MEMBER	3.00	Director	$0	$0	$0
WILLIAM I BAUER PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
ED PRASSE	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL ANTMANN EDD	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHLEEN D SANZ PHD	EXECUTIVE DIRECTOR	20.00	Officer	$0	$16,497	$181,472

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	$1,697,886	$1,674,039	$2,441,092	$23,847
2024	$1,630,956	$1,599,395	$2,271,028	$31,561
2023	$1,634,368	$1,423,639	$2,192,316	$210,729
2022	$1,304,666	$1,275,545	$1,910,846	$29,121
2021	$451,759	$548,432	$1,933,650	$-96,673
2020	$1,432,494	$1,269,562	$1,837,444	$162,932
2019	$1,352,036	$1,268,386	$1,642,175	$83,650

THE FLORIDA MUSIC EDUCATION ASSOCIATION INC