AMERICAN INSTITUTE OF MUSICAL STUDIES (EIN 751360233) - 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

1970

Legal Domicile

Principal Officer

HENRY SAULS

Tax Period

2023-10-01 to 2024-09-30

AMERICAN INSTITUTE OF MUSICAL STUDIES, founded in 1970, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE ORGANIZATION IS IDENTIFY, AUDITION AND SELECT VOCALISTS FOR ADVANCED TRAINING IN THE VOCAL ARTS. THE COURSE OF TRAINING FOR THE STUDENTS INCLUDES INTENSIVE INSTRUCTION IN OPERATIC PERFORMANCE WITH CONCERT MUSICIANS AND INTERNATIONAL VOICE COACHES.

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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 $284,354

Program Service Revenue $798,594

Investment Income $96

Other Revenue $0

TOTAL REVENUE $1,083,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,554

Fundraising Expenses $0

Program Expenses $1,074,046

Other Expenses $984,275

TOTAL EXPENSES $1,164,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,083,044	$1,027,612	+0.1%
Expenses	$1,164,829	$921,435	+0.3%
Net Income	$-81,785	$106,177	-1.8%

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

N/A

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 OWENS JR	BOARD MEMBER	2.00	Director	$0	$0	$0
CORY GRANT	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS KING	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHRYN LIST	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES ROUSE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN BRIDGES	TREASURER	5.00	Officer Director	$0	$0	$0
TIMOTHY DUNLEY	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
HENRY SAULS	SECRETARY	10.00	Officer Director	$0	$0	$0
PATRICIA CRAIG	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DON MANVEL	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
SARAH HALLEY	GENERAL DIRECTOR	45.00	Key Emp Highest	$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
2024	$1,083,044	$1,164,829	$70,026	$-81,785
2023	$1,027,612	$921,435	$124,187	$106,177
2022	$537,695	$527,150	$19,844	$10,545
2021	$320,483	$312,870	$241,761	$7,613
2020	$280,929	$202,474	$114,506	$78,455
2018	$1,002,506	$968,345	$6,694,492	$34,161

AMERICAN INSTITUTE OF MUSICAL STUDIES