HENDERSON MUSIC PRESERVATION SOCIE… - 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

1991

Legal Domicile

Principal Officer

GALE MYERS

Phone

2708264474

Tax Period

2024-07-01 to 2025-06-30

HENDERSON MUSIC PRESERVATION SOCIETY INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $277K in total revenue in fiscal year 2024.

Mission

PRESERVATION OF BLUES MUSIC AND BARBECUE COOKING HERITAGES.

Program Service Accomplishments

Program 1

Expenses: $271,275 Revenue: $19,938

W.C. HANDY BLUES & BARBECUE FESTIVAL FOR 30 YEARS (1991-2021) THE SOCIETY PROVIDED FREE TO THE PUBLIC, LIVE BLUES MUSIC PERFORMANCES AND CHILDRENS ACTIVITIES INCLUDING ARTS CAMP AND WORKSHOP, ETC. TO...

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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 $206,418

Program Service Revenue $19,938

Investment Income $65

Other Revenue $50,514

TOTAL REVENUE $276,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,625

Program Expenses $274,085

Other Expenses $278,923

TOTAL EXPENSES $278,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,935	$265,584	+0.0%
Expenses	$278,923	$235,175	+0.2%
Net Income	$-1,988	$30,409	-1.1%

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

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
KENNY PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
GALE MYERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOY RIES	TREASURER	2.00	Officer Director	$0	$0	$0
KATHERINE GOINS	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRISTI G DIXON	DIRECTOR	0.50	Director	$0	$0	$0
TOM FLOYD	DIRECTOR	0.50	Director	$0	$0	$0
X R ROYSTER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW POWELL	VICE-PRESIDE	0.50	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
2025	$276,935	$278,923	$243,580	$-1,988
2024	No data	No data	No data	No data
2023	$214,607	$210,423	$200,669	$4,184
2022	$170,450	$176,352	$201,497	$-5,902
2021	$216,292	$209,111	$203,190	$7,181

HENDERSON MUSIC PRESERVATION SOCIETY INC