FRIENDS OF MUSIC ACADIANA INC

EIN: 721438205 501(c)(3) Education

LAFAYETTE, LA

Total Revenue
$64,644
Total Expenses
$61,777
Total Assets
$26,309
Net Assets
$25,458
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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
1998
Legal Domicile
LA
Principal Officer
CLAUDIA ZALE
Phone
3372800736
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF MUSIC ACADIANA INC, founded in 1998, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2022. Revenue surged 288% from the prior year, signaling strong growth momentum. Expenses of $62K left a modest 4% surplus.

Mission

TO PROMOTE MUSIC APPRECIATION, TO DEVELOP SOURCES OF PUBLIC SUPPORT AND PROVIDE SCHOLARSHIPS TO HIGH CALIBER MUSIC STUDENTS TO THE UNIVERSITY OF LOUISIANA AT LAFAYETTE

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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 (2022)

Revenue Breakdown

Contributions & Grants $64,572
Program Service Revenue $0
Investment Income $72
Other Revenue $0
TOTAL REVENUE $64,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,177
Other Expenses $61,777
TOTAL EXPENSES $61,777

Year-over-Year Comparison

2022 2021 Change
Revenue $64,644 $16,672 +2.9%
Expenses $61,777 $17,548 +2.5%
Net Income $2,867 $-876 -4.3%
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
14
Independent Members
14
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALLY BURDETTE BOARD MEMEBER 001.00
Director
$0 $0 $0
GINA CALOGERO BOARD MEMBER 001.00
Director
$0 $0 $0
DR CAROLYN FRENCH BOARD MEMBER 001.00
Director
$0 $0 $0
ELAINE JACKSON BOARD MEMBER 001.00
Director
$0 $0 $0
TISH JOHNSON BOARD MEMBER 001.00
Director
$0 $0 $0
CATHY MECHE BOARD MEMBER 001.00
Director
$0 $0 $0
JEANIE RUSH BOARD MEMBER 001.00
Director
$0 $0 $0
DAWN RICHARD BOARD MEMBER 001.00
Director
$0 $0 $0
RENEE LAUGHLIN BOARD MEMBER 001.00
Director
$0 $0 $0
EDNA HONEY RICHARD BOARD MEMBER 001.00
Director
$0 $0 $0
ROGER WAGGONER BOARD MEMBER 001.00
Director
$0 $0 $0
SANDRA WILCOX BOARD MEMBER 001.00
$0 $0 $0
JONATHAN CUP FACULTY LIAISON 001.00
$0 $0 $0
SHAWN ROY FACULTY LIASON 001.00
$0 $0 $0
JUDY CORNE HON BD MEMBER 001.00
$0 $0 $0
GARTH ALPER FACULTY LIASON 001.00
$0 $0 $0
AMELIA PREVOST HON BD MEMBER 001.00
$0 $0 $0
SARAH BIRK FACULTY LIASON 001.00
$0 $0 $0
SARAH CHOI FACULTY LIASON 001.00
$0 $0 $0
MONA BURRAS PRESIDENT 001.00
Officer
$0 $0 $0
ANDRE HAKEMAN VP 001.00
Officer
$0 $0 $0
LYNN CROCHET TREASURER 001.00
Officer
$0 $0 $0
SHELLY COLLINS-ROY BOARD MEMEBER 001.00
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
2023 $64,644 $61,777 $26,309 $2,867
2022 $16,672 $17,548 $26,691 $-876
2021 $10,315 $16,187 $27,567 $-5,872
2020 $45,730 $35,444 $30,425 $10,286
2019 $34,103 $40,183 $21,839 $-6,080
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