LOCAL OKLAHOMA MUSIC ASSOCIATION (EIN 813079798) - 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

Mike Gilliam

Phone

4053480004

Tax Period

2024-01-01 to 2024-12-31

LOCAL OKLAHOMA MUSIC ASSOCIATION, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $276K left a modest 4% surplus.

Mission

To provide local Oklahoma elementary and secondary school music programs with financial aid for instruments, instrument repair, print music, and equipment.

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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 $43,732

Program Service Revenue $247,177

Investment Income $0

Other Revenue $-2,321

TOTAL REVENUE $288,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,482

Program Expenses $258,849

Other Expenses $275,891

TOTAL EXPENSES $275,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,588	$213,688	+0.4%
Expenses	$275,891	$217,492	+0.3%
Net Income	$12,697	$-3,804	-4.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Henderson	Board Member	1	Director	$0	$0	$0
Mark Parker	Board Member	1	Director	$0	$0	$0
Brian Britt	President	1	Officer	$0	$0	$0
Mike Gilliam	Treasurer	5	Officer	$0	$0	$0
Brian Lamb	Secretary	1	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	No data	No data	No data	No data
2024	$288,588	$275,891	$53,242	$12,697
2023	$213,688	$217,492	$42,748	$-3,804

LOCAL OKLAHOMA MUSIC ASSOCIATION