WEST MICHIGAN HOME SCHOOL FINE ARTS ASSOCIATION (EIN 810626181) - 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

2003

Legal Domicile

Principal Officer

LYLE S MARCH

Tax Period

2023-09-01 to 2024-08-31

WEST MICHIGAN HOME SCHOOL FINE ARTS ASSOCIATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $438K in total revenue in fiscal year 2023. Expenses of $415K left a modest 5% surplus.

Mission

PROVIDING HOME-EDUCATED STUDENTS THE OPPORTUNITY TO BE TRAINED IN VOCAL/INSTRUMENTAL MUSIC AND OTHER PERFORMING ARTS

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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 $8,033

Program Service Revenue $403,518

Investment Income $0

Other Revenue $26,315

TOTAL REVENUE $437,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,907

Fundraising Expenses $0

Program Expenses $268,885

Other Expenses $165,996

TOTAL EXPENSES $414,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,866	$454,302	0.0%
Expenses	$414,903	$400,360	+0.0%
Net Income	$22,963	$53,942	-0.6%

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
KEN FORD	DIRECTOR	0.00	Director	$0	$0	$0
BRETT ELDER	DIRECTOR	0.00	Director	$0	$0	$0
OTIS CRAWFORD	DIRECTOR	0.00	Director	$0	$0	$0
LYLE S MARCH	PRESIDENT	40.00	Officer Director	$0	$0	$0
WENDY S MARCH	SECRETARY-TREASURER	2.00	Officer 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
2024	$437,866	$414,903	$382,445	$22,963
2023	$454,302	$400,360	$359,945	$53,942
2022	$318,583	$320,990	$306,411	$-2,407
2021	$255,049	$282,316	$308,818	$-27,267
2020	$325,300	$278,772	$335,743	$46,528
2019	$426,423	$383,737	$289,215	$42,686
2018	$438,653	$315,628	$246,469	$123,025

WEST MICHIGAN HOME SCHOOL FINE ARTS ASSOCIATION