THE FRIDAY MORNING MUSICALE OF TAM… - 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

1902

Legal Domicile

Principal Officer

MARGARET PROSSER

Phone

8138394853

Tax Period

2021-06-01 to 2022-05-31

THE FRIDAY MORNING MUSICALE OF TAMPA INC, founded in 1902, is a small nonprofit that reported $261K in total revenue in fiscal year 2021. Revenue surged 7638% from the prior year, signaling strong growth momentum. The organization ran a surplus of $259K, a strong 99% operating margin.

Mission

To encourage the study of music and the arts to improve the cultural life of Tampa by providing a building for planning civic improvements, public health and educational programs. To offer financial support to deserving students to continue their education in their musical studies and provide a location for student recitals and local school programs.

Program Service Accomplishments

Program 1

Expenses: $1,467

In order to fulfill our mission, we had pianos that needed to be replaced. To help with this endeavor, we had a very generous donation that allowed us to purchase two Steinway Grand pianos. This is...

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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 $261,144

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,144

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,467

Other Expenses $998

TOTAL EXPENSES $1,998

Year-over-Year Comparison

	2021	2020	Change
Revenue	$261,144	$3,375	+76.4%
Expenses	$1,998	$3,249	-0.4%
Net Income	$259,146	$126	+2055.7%

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

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	Role	Reportable Comp	Other Comp	Total
KIM MICHEL	Treasurer	Director	$0	$0	$0
MARGARET PROSSER	President	Director	$0	$0	$0
PATRICIA HANDLY	Vice President	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
2022	$261,144	$1,998	$270,362	$259,146

THE FRIDAY MORNING MUSICALE OF TAMPA INC