JOY OF MUSIC INC (EIN 592474249) - 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

1983

Legal Domicile

Principal Officer

ROBERT KOEBELE

Phone

8009334844

Tax Period

2021-01-01 to 2021-12-31

JOY OF MUSIC INC, founded in 1983, is a small nonprofit in the Unknown sector that reported $220K in total revenue in fiscal year 2021. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 68% operating margin.

Mission

PRODUCE AND DISTRIBUTE CLASSICAL AND RELIGIOUS PROGRAMS FOR BROADCAST ON PUBLIC, RELIGIOUS AND INDEPENDENT NETWORKS ON A WEEKLY BASIS. THE PROGRAMS ARE PROVIDED FREE OF CHARGE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $213,466

Program Service Revenue $0

Investment Income $881

Other Revenue $5,620

TOTAL REVENUE $219,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,902

Fundraising Expenses $1,565

Program Expenses $2,859

Other Expenses $48,163

TOTAL EXPENSES $70,065

Year-over-Year Comparison

	2021	2020	Change
Revenue	$219,967	$119,614	+0.8%
Expenses	$70,065	$72,273	0.0%
Net Income	$149,902	$47,341	+2.2%

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

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

$20,052

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL CROUCH	OFFICE ADMINISTRATOR	25	Key Emp Highest	$20,052	$0	$20,052
RALPH SCHREGARDUS	CHAIRMAN	2	Director	$0	$0	$0
DIANE BISH	PRESIDENT	15	Director	$0	$0	$0
JOHN WHITNEY	VICE PRESIDENT	2	Director	$0	$0	$0
ROBERT KOEBELE	SECRETARY/TREASURER	5	Director	$0	$0	$0
HANSEN KWOK	DIRECTOR	2	Director	$0	$0	$0
SUSANN MC DONALD	DIRECTOR	0	Director	$0	$0	$0
CHERYL SCHREGARDUS	DIRECTOR	0	Director	$0	$0	$0
CAROLYN CARSON	DIRECTOR	0	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
2021	$219,967	$70,065	$300,532	$149,902

JOY OF MUSIC INC