MUSIC USA FESTIVALS INC (EIN 592903247) - 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

ELIZABETH KLEINSCHMIDT

Phone

3868738739

Tax Period

2023-01-01 to 2023-12-31

MUSIC USA FESTIVALS INC, founded in 1988, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROMOTE EDUCATIONAL MUSIC PROGRAMS IN PUBLIC AND PRIVATE SCHOOLS

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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 $0

Program Service Revenue $3,516,639

Investment Income $33,936

Other Revenue $649

TOTAL REVENUE $3,551,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,289

Fundraising Expenses $0

Program Expenses $3,550,562

Other Expenses $3,558,183

TOTAL EXPENSES $3,590,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,551,224	$3,271,918	+0.1%
Expenses	$3,590,472	$3,271,251	+0.1%
Net Income	$-39,248	$667	-59.8%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES KLEINSCHMIDT	PRESIDENT/DIRECTOR	3.00	Officer Director	$0	$0	$0
ELIZABETH KLEINSCHMIDT	V PRESIDENT/DIRECTOR	20.00	Officer Director	$0	$0	$0
NEIL HUHTA	DIRECTOR	1.00	Director	$0	$0	$0
DR CLARA KNOTTS	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW LARSON	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$3,551,224	$3,590,472	$63,534	$-39,248
2022	$3,271,918	$3,271,251	$166,209	$667
2021	$312,630	$341,163	$93,764	$-28,533
2020	$44,755	$116,065	$113,437	$-71,310
2019	$4,775,714	$4,654,137	$179,147	$121,577
2018	$4,137,843	$4,117,070	$57,570	$20,773

MUSIC USA FESTIVALS INC