MUSIC PRESERVATION SOCIETY INC

EIN: 640677237 501(c)(3) Arts, Culture & Humanities

FLORENCE, AL

Total Revenue
$168,518
Total Expenses
$186,605
Total Assets
$32
Net Assets
$-57,100
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Principal Officer
TORI BAILEY
Phone
2567667642
Tax Period
2018-10-01 to 2019-09-30

MUSIC PRESERVATION SOCIETY INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $158K in total revenue in fiscal year 2017. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 19% operating deficit.

Mission

EVENTS COMPRISING THE W.C. HANDY FESTIVAL WERE PRIMARILY MUSICAL IN NATURE AND DEEPENED AWARENESS OF AND APPRECIATION FOR MUSICAL HERITAGE AND CULTURE

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $52,993
Program Service Revenue $115,525
Investment Income $0
Other Revenue $0
TOTAL REVENUE $168,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $186,605
Other Expenses $186,605
TOTAL EXPENSES $186,605

Year-over-Year Comparison

2018 2017 Change
Revenue $168,518 $158,152 +0.1%
Expenses $186,605 $188,034 0.0%
Net Income $-18,087 $-29,882 -0.4%
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

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Governance

Voting Members
13
Independent Members
13
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELICE GREEN PRESIDENT-EL N/A
Officer
$0 $0 $0
ALISON STANFIELD SECRETARY N/A
Officer
$0 $0 $0
DICK COOPER VICE PRESIDE N/A
Officer
$0 $0 $0
TORI BAILEY PRESIDENT N/A
Officer
$0 $0 $0
TIM LEIGH TREASURER N/A
Officer
$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
2019 $168,518 $186,605 $32 $-18,087
2018 $158,152 $188,034 $46 $-29,882
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