TEXAS MUSIC TEACHERS EDUCATIONAL FOUNDATION INC (EIN 742206093) - 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

1980

Legal Domicile

Principal Officer

LIBBY VANATTA

Phone

8175762816

Tax Period

2023-10-01 to 2024-09-30

TEXAS MUSIC TEACHERS EDUCATIONAL FOUNDATION INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 52% operating margin.

Mission

TO PROMOTE THE ART OF MUSIC & TO ADVANCE MUSIC BY DISSEMINATING THE KNOWLEDGE OF MUSIC.

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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 $54,925

Program Service Revenue $0

Investment Income $54,782

Other Revenue $0

TOTAL REVENUE $109,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,410

Other Expenses $52,152

TOTAL EXPENSES $52,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,707	$46,567	+1.4%
Expenses	$52,152	$61,283	-0.1%
Net Income	$57,555	$-14,716	-4.9%

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

N/A

Volunteers

425

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
RICHARD FOUNTAIN	PAST PRESIDENT	30.00	Officer Director	$0	$0	$0
SCOTT DONALD	PRESIDENT	10.00	Officer Director	$0	$0	$0
LESLEY MCALLISTER	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
SHELLY DAVIS	VP STUDENT ACTIVITIES	10.00	Officer Director	$0	$0	$0
LIBBY VANATTA	VP BUSINESS ACTIVITIES	10.00	Officer Director	$0	$0	$0
TODD VAN KEKERIX	DIRECTOR	2.00	Director	$0	$0	$0
SARAH ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
THERESA DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JILL KITZMILLER	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN KINSELLA	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PENDERGRAFT	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE LYSINGER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN LEACH	DIRECTOR	2.00	Director	$0	$0	$0
JACOB CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CELINDA HALLBAUER	DIRECTOR	2.00	Director	$0	$0	$0
MARIO AJERO	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$109,707	$52,152	$1,074,451	$57,555
2023	$46,567	$61,283	$886,937	$-14,716
2022	$71,845	$48,361	$849,544	$23,484
2021	$86,524	$50,242	$1,033,074	$36,282
2020	$79,953	$50,635	$892,664	$29,318
2019	$82,338	$54,368	$863,007	$27,970
2018	$94,803	$66,141	$843,325	$28,662

TEXAS MUSIC TEACHERS EDUCATIONAL FOUNDATION INC