NORTH VALLEY MUSIC SCHOOL (EIN 810515034) - 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

1998

Legal Domicile

Principal Officer

NANCY THOMPSON

Phone

4068628074

Tax Period

2024-09-01 to 2025-08-31

NORTH VALLEY MUSIC SCHOOL, founded in 1998, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.1M, a strong 78% operating margin.

Mission

NORTH VALLEY MUSIC SCHOOL ENRICHES OUR MONTANA COMMUNITIES THROUGH MUSIC EDUCATION, APPRECIATION AND PERFORMANCE BY PROVIDING MUSICAL OPPORTUNITIES FOR ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,595,566

Program Service Revenue $397,355

Investment Income $712,782

Other Revenue $426

TOTAL REVENUE $2,706,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,061

Fundraising Expenses $28,021

Program Expenses $507,598

Other Expenses $164,944

TOTAL EXPENSES $601,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,706,129	$3,139,015	-0.1%
Expenses	$601,005	$662,209	-0.1%
Net Income	$2,105,124	$2,476,806	-0.2%

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

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

$57,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE ROSSI	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOEL LOCKWOOD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIC SCHMIDT	SECRETARY	1.00	Director	$0	$0	$0
NANCY THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
MARY JANE WESTERMARK	TREASURER	5.00	Officer Director	$0	$0	$0
SUMMER BOGGESS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HERTZ	DIRECTOR	1.00	Director	$0	$0	$0
ROSS PICKERT	DIRECTOR	1.00	Director	$0	$0	$0
RICK PRESTBYE	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA TASA	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
YOVITA MEIGS	DIRECTOR	1.00	Director	$0	$0	$0
TOBY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL WELCH	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRE CORSON	EXECUTIVE DI	40.00	Officer	$53,627	$3,600	$57,227

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	$2,706,129	$601,005	$7,317,445	$2,105,124
2024	$3,139,015	$662,209	$5,180,862	$2,476,806
2023	$1,443,588	$539,662	$2,595,826	$903,926
2022	$1,268,797	$454,595	$1,632,381	$814,202
2021	$851,091	$395,682	$813,005	$455,409
2020	$395,880	$369,731	$335,160	$26,149
2019	$339,898	$330,685	$302,606	$9,213
2018	$346,862	$311,587	$292,028	$35,275

NORTH VALLEY MUSIC SCHOOL