Southwest Music Education Association (EIN 810832391) - 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

2015

Legal Domicile

Principal Officer

Adrian Kist

Phone

9094370287

Tax Period

2024-07-01 to 2025-06-30

Southwest Music Education Association, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2024. Expenses of $252K left a modest 4% surplus.

Mission

THE ORGANIZATION'S PURPOSE IS TO SUPPORT VISUAL AND PERFORMING ARTS ORGANIZATIONS AND MUSIC EDUCATION PROGRAMS THROUGH A WIDE VARIETY OF MEANS, INCLUDING BUT NOT LIMITED TO TECHNICAL ASSISTANCE AND EDUCATIONAL CONSULTATION.

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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 $50

Program Service Revenue $252,172

Investment Income $4,323

Other Revenue $5,967

TOTAL REVENUE $262,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,870

Fundraising Expenses $0

Program Expenses $148,749

Other Expenses $211,763

TOTAL EXPENSES $251,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,512	$260,502	+0.0%
Expenses	$251,633	$243,702	+0.0%
Net Income	$10,879	$16,800	-0.4%

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

N/A

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

$12,300

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Williams	Director of Operations	15.00		$13,824	$0	$13,824
Adrian Kist	President	2.00	Officer Director	$6,000	$0	$6,000
Tim Benge	Vice President	2.00	Officer	$3,300	$0	$3,300
Michael Spillman	Vice President	2.00	Officer	$3,000	$0	$3,000
Michael LLoyd	Secretary	2.00	Officer	$0	$0	$0
Steven Ems	CFO	2.00	Officer	$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
2025	$262,512	$251,633	$192,936	$10,879
2024	$260,502	$243,702	$181,800	$16,800
2023	$231,123	$198,639	$165,000	$32,484

Southwest Music Education Association