TAYLOR MUSIC GROUP

EIN: 621833006 501(c)(3) Arts, Culture & Humanities

CHARLESTON, SC

Total Revenue
$75,877
Total Expenses
$60,836
Total Assets
$12,540
Net Assets
$19
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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
2001
Legal Domicile
SC
Principal Officer
HELENA DILLING
Phone
8438148622
Tax Period
2020-07-01 to 2021-06-30

TAYLOR MUSIC GROUP, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $76K in total revenue in fiscal year 2020. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 20% operating margin.

Mission

TO SUPPORT THE MUSICAL ARTS BY PROVIDING QUALITY EDUCATION. PERFORMANCE OPPORTUNITIES TO VOCALISTS AND YOUNG FIDDLERS AND SPONSORING QUALITY PERFORMANCES, RECORDINGS AND TOUR TO AND FOR THE COMMUNITY LOCALLY, NATIONALLY AND INTERNATIONALLY.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $63,943
Program Service Revenue $11,934
Investment Income $0
Other Revenue $0
TOTAL REVENUE $75,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $439
Program Expenses $56,596
Other Expenses $60,836
TOTAL EXPENSES $60,836

Year-over-Year Comparison

2020 2019 Change
Revenue $75,877 $62,048 +0.2%
Expenses $60,836 $70,401 -0.1%
Net Income $15,041 $-8,353 -2.8%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
11

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
4
$650
Total Directors
13
$1,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT TAYLOR PRESIDENT 20.00
Officer Director
$300 $0 $300
WILL ROYALL VICE PRESIDENT 20.00
Officer Director
$0 $0 $0
HELENA DILLING TREASURER 20.00
Officer Director
$0 $0 $0
MAURICE BURGESS SECRETARY 20.00
Officer Director
$350 $0 $350
GAIL CORVETTE BOARD MEMBER 1.00
Director
$0 $0 $0
LUKE CONWAY BOARD MEMBER 1.00
Director
$0 $0 $0
DONAL RAFFERTY BOARD MEMBER 1.00
Director
$0 $0 $0
KENDRA ISHOP BOARD MEMBER 1.00
Director
$0 $0 $0
LEE LINGLE BOARD MEMBER 1.00
Director
$550 $0 $550
ELLEN DRESSLER MORYL BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA DEMOS WYNN BOARD MEMBER 1.00
Director
$0 $0 $0
VALERIE MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIA ZIMMERMAN BOARD MEMBER 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
2021 $75,877 $60,836 $12,540 $15,041
2020 $62,048 $70,401 $1,732 $-8,353
2019 $135,470 $121,725 $8,632 $13,745
2018 $82,202 $90,007 $2,970 $-7,805
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