MUSIC LEARNING FOUNDATION

EIN: 752985743 501(c)(3) Arts, Culture & Humanities

ROCKWALL, TX

Total Revenue
$262,363
Total Expenses
$255,413
Total Assets
$73,298
Net Assets
$70,902
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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
2005
Legal Domicile
TX
Principal Officer
JERRY C BISHOP
Phone
9724990831
Tax Period
2023-01-01 to 2023-12-31

MUSIC LEARNING FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $262K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

MUSIC EDUCATION AND PERFORMANCE EXPERIENCE FOR YOUNG MUSICIANS.

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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 $262,363
Investment Income $0
Other Revenue $0
TOTAL REVENUE $262,363

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $255,413
Other Expenses $255,413
TOTAL EXPENSES $255,413

Year-over-Year Comparison

2023 2022 Change
Revenue $262,363 $133,198 +1.0%
Expenses $255,413 $97,792 +1.6%
Net Income $6,950 $35,406 -0.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY C BISHOP PRESIDENT N/A
Officer Director
$0 $0 $0
NORMA J BISHOP SECRETARY N/A
Officer Director
$0 $0 $0
RICK BOASE TRUSTEE N/A
Director
$0 $0 $0
KEN UTZ JR TRUSTEE N/A
Director
$0 $0 $0
JOHN NELSON TRUST N/A
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
2023 $262,363 $255,413 $73,298 $6,950
2022 $133,198 $97,792 $63,794 $35,406
2021 $21,262 $19,927 $28,389 $1,335
2020 $101,344 $88,611 $27,370 $12,733
2019 $264,510 $271,457 $15,978 $-6,947
2018 $279,068 $314,721 $25,192 $-35,653
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