BANDWITH MUSIC LTD (EIN 811304791) - 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

ANNA TOBIN

Phone

9174058663

Tax Period

2023-08-01 to 2024-07-31

BANDWITH MUSIC LTD, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $616K, a strong 48% operating margin.

Mission

BANDWITH MUSIC WORKS TO PROMOTE WELLNESS WITHIN UNDERSERVED CHICAGO COMMUNITIES BY PROVIDING LASTING ACCESS TO EXCEPTIONAL PERFORMING ARTS INSTRUCTION.

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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 $1,225,309

Program Service Revenue $55,189

Investment Income $0

Other Revenue $-2,828

TOTAL REVENUE $1,277,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,921

Fundraising Expenses $94,210

Program Expenses $464,527

Other Expenses $454,653

TOTAL EXPENSES $661,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,277,670	$568,135	+1.2%
Expenses	$661,574	$672,707	0.0%
Net Income	$616,096	$-104,572	-6.9%

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

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

$76,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNETTA SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARRAGH GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
RICH GOODE	TRUSTEE	1.00	Director	$0	$0	$0
JAVIER AYALA	TREASURER	1.00	Officer Director	$0	$0	$0
MARQUES CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN GOODE	TRUSTEE	1.00	Director	$0	$0	$0
TONA PALOMINO	SECRETARY	1.00	Officer Director	$0	$0	$0
PEPE MIRANDA	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN TUTEN	TRUSTEE	1.00	Director	$0	$0	$0
RUBY TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD GREYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
EMILY FORD	TRUSTEE	1.00	Director	$0	$0	$0
DOROTHEA TOBIN	TRUSTEE	1.00	Director	$0	$0	$0
ANNA TOBIN	EXECUTIVE DIRECTOR	40.00	Officer	$76,244	$0	$76,244

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	$1,277,670	$661,574	$3,567,879	$616,096
2023	$568,135	$672,707	$2,382,227	$-104,572
2022	$1,458,468	$329,208	$2,474,135	$1,129,260

BANDWITH MUSIC LTD