TEXAS MUSIC EDUCATORS ASSOCIATION … - Form 990 Financial Data

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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

1938

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $1,424,116 Revenue: $2,250,723

ANNUAL CONVENTION TO PROVIDE PROFESSIONAL DEVELOPMENT FOR TEACHERS IN ATTENDANCE AND TO PROVIDE VENUE TO SHOWCASE OUTSIDE MUSIC PROGRAMS ACROSS THE STATE AND RECOGNIZE ALL-STATE HIGH SCHOOL MUSICIANS.

Program 2

Expenses: $3,341,194 Revenue: $2,565,120

REGION AND AREA ACTIVITIES AND MEETINGS INCLUDING SPONSORING THE ALL-REGION AND ALL-STATE STUDENT AUDITION PROCESS

Program 3

Expenses: $636,288 Revenue: $375,549

PUBLISHED THE SOUTHWESTERN MUSICIAN MONTHLY TO PROVIDE ASSOCIATION INFORMATION TO ALL MEMBERS ALONG WITH INSTRUCTIONAL- RELATED ARTICLES

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$406,952

Total Directors

$213,794

Key Employees

Highest Compensated

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

TEXAS MUSIC EDUCATORS ASSOCIATION INC