INTERNATIONAL BLUEGRASS MUSIC MUSE… - 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

1990

Legal Domicile

Principal Officer

Adam Engelhardt

Phone

2709267891

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BLUEGRASS MUSIC MUSEUM, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Net assets of $9.0M represent 31 months of operating reserves.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $3,364,404 Revenue: $1,999,390

River of Music Party (ROMP): This is an annual festival with high-level international acts. We provide free tickets to indigent families, hospice patients, residents of nursing homes and assisted...

River of Music Party (ROMP): This is an annual festival with high-level international acts. We provide free tickets to indigent families, hospice patients, residents of nursing homes and assisted living facilities, and students of all ages who performed on the main stage at ROMP.

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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 $954,733

Program Service Revenue $1,179,573

Investment Income $36,904

Other Revenue $1,291,882

TOTAL REVENUE $3,463,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $714,011

Fundraising Expenses $23,236

Program Expenses $3,364,404

Other Expenses $3,017,381

TOTAL EXPENSES $3,731,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,463,092	N/A	N/A
Expenses	$3,731,392	N/A	N/A
Net Income	$-268,300	$0	N/A

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	Role	Reportable Comp	Other Comp	Total
Phil Clark	Former Chair / Asst Treasurer	Officer Director	$0	$0	$0
Terry Woodward	Treasurer	Officer Director	$0	$0	$0
Ross Leazenby	Trustee Emeritus	Officer Director	$0	$0	$0
Tom Watson	Trustee	Officer Director	$0	$0	$0
Ben Clark	Trustee	Officer Director	$0	$0	$0
Candy Englebert	Vice Chair	Officer Director	$0	$0	$0
Jen Larson	Trustee	Officer Director	$0	$0	$0
Kyle Cantrell	Chair	Officer Director	$0	$0	$0
Jon Lawson	Trustee	Officer Director	$0	$0	$0
Ronnie Reno	Trustee	Officer Director	$0	$0	$0
Kathryn Raymer	Secretary	Officer Director	$0	$0	$0
Buzz Backstrom	Trustee	Officer Director	$0	$0	$0
Jana Mougin	Trustee	Officer Director	$0	$0	$0
Ken White	Trustee	Officer Director	$0	$0	$0
Dudley Connell	Trustee	Officer Director	$0	$0	$0
Emily Woosley	Trustee	Officer 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	$3,463,092	$3,731,392	$9,246,137	$-268,300
2023	$3,222,960	$3,306,171	$9,596,807	$-83,211
2022	$3,031,121	$3,306,122	$3,010,692	$-275,001
2021	$2,312,772	$1,838,971	$2,977,508	$473,801
2020	$288,014	$339,628	$2,676,462	$-51,614
2019	$1,605,712	$2,039,324	$3,106,416	$-433,612
2018	$1,936,189	$1,382,657	$3,892,343	$553,532

INTERNATIONAL BLUEGRASS MUSIC MUSEUM