SACRAMENTO PREPARATORY MUSIC ACADEMY (EIN 810754644) - 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

2016

Legal Domicile

Principal Officer

BENJAMIN H MCCLARA

Phone

9163822770

Tax Period

2022-07-01 to 2023-06-30

SACRAMENTO PREPARATORY MUSIC ACADEMY, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PRESENT PUBLIC PERFORMANCES AND RECITALS OF MUSIC AND RELATED ART FORMS; TO SPONSOR LECTURE-DEMONSTRATIONS OF TOPICS RELATED TO MUSIC EDUCATION AND RELATED ART FORMS, AND TO INCREASE COMMUNITY AWARENESS OF THE IMPORTANCE OF ARTISTIC EXPRESSION FOR INDIVIUDAL SATISFACTION AND GROWTH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $49,459

Program Service Revenue $172,503

Investment Income $12,964

Other Revenue $0

TOTAL REVENUE $234,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,790

Fundraising Expenses $30,382

Program Expenses $214,750

Other Expenses $185,813

TOTAL EXPENSES $263,603

Year-over-Year Comparison

	2022	2021	Change
Revenue	$234,926	$299,299	-0.2%
Expenses	$263,603	$678,425	-0.6%
Net Income	$-28,677	$-379,126	-0.9%

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

$52,000

Total Directors

$52,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN MCCLARA	CEO	40.00	Officer Director	$52,000	$0	$52,000
MELINDA BANISTER	TREASURER	2.00	Officer Director	$0	$0	$0
PETER PETTY	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF COX	DIRECTOR	1.00	Director	$0	$0	$0
JEWELYN WILLIAMS	DIRECTOR	1.00	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	$234,926	$263,603	$70,887	$-28,677
2022	$299,299	$678,425	$91,474	$-379,126
2020	$314,702	$308,501	$16,161	$6,201

SACRAMENTO PREPARATORY MUSIC ACADEMY