TEXAS MUSIC EDUCATORS ASSOCIATION INC

EIN: 751039291 501(c)(3) Education

AUSTIN, TX

Total Revenue
$6,978,967
Total Expenses
$6,375,549
Total Assets
$12,215,561
Net Assets
$11,677,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
TX
Principal Officer
JOSEPH MUNOZ
Phone
5124520710
Tax Period
2023-07-01 to 2024-06-30

TEXAS MUSIC EDUCATORS ASSOCIATION INC, founded in 1938, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 9% surplus.

Mission

ADVANCEMENT OF MUSIC EDUCATION IN TEXAS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,688,738
Investment Income $260,147
Other Revenue $30,082
TOTAL REVENUE $6,978,967

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $1,400,897
Fundraising Expenses $0
Program Expenses $5,748,484
Other Expenses $4,934,652
TOTAL EXPENSES $6,375,549

Year-over-Year Comparison

2023 2022 Change
Revenue $6,978,967 $6,262,068 +0.1%
Expenses $6,375,549 $6,053,709 +0.1%
Net Income $603,418 $208,359 +1.9%
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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Governance

Voting Members
9
Independent Members
8
Employees
12
Volunteers
250

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
$406,952
Total Directors
9
$213,794
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FLOYD EXECUTIVE DIRECTOR 40.00
Officer Director
$178,693 $35,101 $213,794
FRANK COACHMAN DEPUTY DIRECTOR 40.00
Officer
$162,894 $30,264 $193,158
JESSE CANNON II PRESIDENT 5.00
Officer Director
$0 $0 $0
SHANE GOFORTH PRESIDENT-ELECT 5.00
Officer Director
$0 $0 $0
DANA PRADEVAND-SEDATOLE PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
MIKE HOWARD BAND VICE-PRESIDENT 5.00
Director
$0 $0 $0
JENNIFER MARTIN ORCHESTRA VICE-PRESIDENT 5.00
Director
$0 $0 $0
JOAHUA MCGUIRE VOCAL VICE-PRESIDENT 5.00
Director
$0 $0 $0
CHRISTOPHER GILES ELEMENTARY VP 5.00
Director
$0 $0 $0
CARTER BIGGERS COLLEGE VICE-PRESIDENT 5.00
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 $6,978,967 $6,375,549 $12,215,561 $603,418
2023 $6,262,068 $6,053,709 $11,036,925 $208,359
2022 $5,351,237 $6,410,300 $10,305,852 $-1,059,063
2021 $3,424,291 $3,328,577 $12,491,937 $95,714
2020 $6,212,728 $5,822,521 $11,142,978 $390,207
2019 $6,266,634 $5,674,065 $10,600,332 $592,569
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