SOUTHWEST ROOTS MUSIC INC

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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

Principal Officer

MICHAEL KOSTER

Phone

5056700755

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST ROOTS MUSIC INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $208K in total revenue in fiscal year 2023. Revenue surged 140% from the prior year, signaling strong growth momentum.

Mission

PROMOTING AND ENCOURAGING TRADITIONAL MUSIC

Program Service Accomplishments

Program 1

Expenses: $157,216 Revenue: $205,995

SOUTHWEST ROOTS MUSIC IS A 501(C)3 CORPORATION DEDICATED TO PROMOTING AND ENCOURAGING TRADITIONAL AND ROOTS MUSIC AND TO PROMOTE MUSIC RELATED EDUCATIONAL PROGRAMS.

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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 $129,807

Program Service Revenue $76,187

Investment Income $1,757

Other Revenue $0

TOTAL REVENUE $207,751

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $49,353

Fundraising Expenses $0

Program Expenses $157,216

Other Expenses $149,349

TOTAL EXPENSES $203,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,751	$86,678	+1.4%
Expenses	$203,702	$152,214	+0.3%
Net Income	$4,049	$-65,536	-1.1%

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

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

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK THALER	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD ADESSO	SECRETARY	5.00	Director	$0	$0	$0
MICHAEL KOSTER	TREASURER/EXECUTIVE DIRECTOR	40.00	Director	$40,000	$0	$40,000
DENNIS DERKACS	VICE PRESIDENT	5.00	Director	$0	$0	$0
CATHERINE WHITNEY	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
2023	$207,751	$203,702	$64,581	$4,049