SPRUCE CREEK MUSICAL PERFORMING AR… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

JEN FRY

Phone

3867567200

Tax Period

2024-06-01 to 2025-05-31

SPRUCE CREEK MUSICAL PERFORMING ARTS ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $130K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT PUBLIC SCHOOL MUSIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $131,550 Revenue: $61,271

PROVIDED TRANSPORTATION TO BAND COMPETITIONS AND PERFORMANCES FOR APPROXIMATELY 250 STUDENTS. OTHER COSTS INCLUDE NECESSARY ANCILLARY SUPPORT, SUCH AS INSTRUMENTS, COLOR GUARD EQUIPMENT, SIDELINE...

PROVIDED TRANSPORTATION TO BAND COMPETITIONS AND PERFORMANCES FOR APPROXIMATELY 250 STUDENTS. OTHER COSTS INCLUDE NECESSARY ANCILLARY SUPPORT, SUCH AS INSTRUMENTS, COLOR GUARD EQUIPMENT, SIDELINE EQUIPMENT, UNIFORM MAINTAINENCE, ENTRY FEES, SUPPLEMENTAL INSTRUCTORS, LESSONS, MUSIC, AND RELATED SUPPLIES.

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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 $1,015

Program Service Revenue $61,271

Investment Income $362

Other Revenue $67,277

TOTAL REVENUE $129,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,733

Program Expenses $131,550

Other Expenses $135,324

TOTAL EXPENSES $139,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,925	$184,108	-0.3%
Expenses	$139,057	$192,121	-0.3%
Net Income	$-9,132	$-8,013	+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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE CHAPMAN	PARLIMENTARI	N/A	Director	$0	$0	$0
LEIGH CORTEZ	VICE PRESIDE	N/A	Director	$0	$0	$0
JEN FRY	PRESIDENT	N/A	Director	$0	$0	$0
JANET LAZAR KOENING	RECEIVABLE T	N/A	Director	$0	$0	$0
ALEX MAZON	PAYABLE TREA	N/A	Director	$0	$0	$0
CHERYL REYNOLDS	EXEC TREASU	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
2025	$129,925	$139,057	$91,479	$-9,132
2024	$184,108	$192,121	$78,806	$-8,013
2023	$124,957	$134,117	$160,462	$-9,160
2022	$90,708	$116,204	$176,228	$-25,496
2021	$45,704	$47,078	$163,708	$-1,374
2020	$106,577	$102,046	$109,721	$4,531
2019	$93,817	$147,063	$182,757	$-53,246
2018	$347,474	$340,975	$232,097	$6,499

SPRUCE CREEK MUSICAL PERFORMING ARTS ASSOCIATION INC