Tri-State Music Festival Inc (EIN 730727995) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

Matt Johnson

Tax Period

2023-07-01 to 2024-06-30

Tri-State Music Festival Inc, founded in 1967, is a micro nonprofit that reported $56K in total revenue in fiscal year 2023. Expenses of $89K exceeded revenue, resulting in a 58% operating deficit.

Mission

Creating an educational music experience with lifelong impact. Elementary through high school music students participate in the music festival.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,750

Program Service Revenue $52,624

Investment Income $1,810

Other Revenue $0

TOTAL REVENUE $56,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,060

Fundraising Expenses $0

Program Expenses $86,361

Other Expenses $45,801

TOTAL EXPENSES $88,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,184	$58,193	0.0%
Expenses	$88,861	$75,535	+0.2%
Net Income	$-32,677	$-17,342	+0.9%

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

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
Karl White	Treasurer	000.10	Officer Director	$0	$0	$0
Brandon Harvey	President	000.10	Officer Director	$0	$0	$0
Tim DeClerck	Director	000.10	Director	$0	$0	$0
Randy Hurst	Director	000.10	Director	$0	$0	$0
Frank Neal	Director	000.10	Director	$0	$0	$0
Melody Isabelle	Director	000.10	Director	$0	$0	$0
Alex Prokopis	Director	000.10	Director	$0	$0	$0
Dudley Darrow	Secretary	000.10	Officer Director	$0	$0	$0
Candice Wojciechowsky	Director	000.10	Director	$0	$0	$0
Charlet Ringwald	Director	000.10	Director	$0	$0	$0
Jerry Everett	Director	000.10	Director	$0	$0	$0
Rob Houston	Director	000.10	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	No data	No data	No data	No data
2024	$56,184	$88,861	$92,079	$-32,677
2023	$58,193	$75,535	$124,231	$-17,342
2022	$62,367	$55,869	$152,215	$6,498
2021	$80,549	$46,432	$140,032	$34,117
2020	$19,314	$47,672	$109,203	$-28,358
2019	$93,985	$81,838	$139,189	$12,147
2018	$97,233	$92,047	$127,004	$5,186

Tri-State Music Festival Inc