TEXAS MUSIC EDUCATORS ASSOCIATION SYMPOSIUM FUND (EIN 741883781) - 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

1993

Legal Domicile

Principal Officer

JOSEPH MUNOZ

Phone

5124520710

Tax Period

2024-07-01 to 2025-06-30

TEXAS MUSIC EDUCATORS ASSOCIATION SYMPOSIUM FUND, founded in 1993, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $222K left a modest 14% surplus.

Mission

PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS INTERESTED IN MUSIC EDUCATION.

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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 $108,414

Program Service Revenue $0

Investment Income $41,642

Other Revenue $107,907

TOTAL REVENUE $257,963

Expense Breakdown

Grants Paid $215,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,000

Other Expenses $6,644

TOTAL EXPENSES $221,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,963	$224,593	+0.1%
Expenses	$221,644	$221,413	+0.0%
Net Income	$36,319	$3,180	+10.4%

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

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

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

$89,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE CANNON II	PRESIDENT THRU FEB'25	5.00	Officer Director	$0	$0	$0
ROBERT HORTON	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
SHANE GOFORTH	PRESIDENT AS OF FEB'25	5.00	Officer Director	$0	$0	$0
MIKE HOWARD	BAND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIFER MARTIN	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
JOSHUA MCGUIRE	VOCAL VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTOPHER GILES	ELEMENTARY VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CARTER BIGGERS	COLLEGE VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SABRINA BEHRENDS	ORCHESTRA VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIFER GALLAGHER	VOCAL VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LAUREN SUMMA	ELEMENTARY VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEPH MUNOZ	EXECUTIVE DIRECTOR	5.00	Officer	$0	$7,116	$89,616

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	$257,963	$221,644	$1,644,690	$36,319
2024	$224,593	$221,413	$1,507,322	$3,180
2023	$162,497	$193,901	$1,402,463	$-31,404
2022	$210,665	$199,368	$1,355,602	$11,297
2021	$81,237	$238,906	$1,539,880	$-157,669
2020	$156,167	$174,890	$1,505,002	$-18,723
2019	$193,902	$232,571	$1,448,173	$-38,669

TEXAS MUSIC EDUCATORS ASSOCIATION SYMPOSIUM FUND