BANDWAGON INSTITUTE FOR THE ARTS (EIN 815366305) - 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

2017

Legal Domicile

Principal Officer

JEREMY HARTSHORN

Phone

8086342962

Tax Period

2023-01-01 to 2023-12-31

BANDWAGON INSTITUTE FOR THE ARTS, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO BRING HANDS-ON APPLIED MUSIC, ART & PERFORMANCE EDUCATION TO KAUAI

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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 $105,564

Program Service Revenue $109,153

Investment Income $15,404

Other Revenue $0

TOTAL REVENUE $230,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,710

Fundraising Expenses $11,059

Program Expenses $194,479

Other Expenses $109,562

TOTAL EXPENSES $250,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,121	$288,775	-0.2%
Expenses	$250,272	$320,465	-0.2%
Net Income	$-20,151	$-31,690	-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

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

$29,353

Total Directors

$29,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY HARTSHORN	PRESIDENT	10.00	Officer Director	$27,665	$0	$27,665
JULIE HARTSHORN	SECRETARY	5.00	Officer Director	$1,688	$0	$1,688
ALEX BIVENS	DIRECTOR	0.25	Director	$0	$0	$0
RICK BUNDSCHUH	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
KATHLEEN KOLAR	DIRECTOR	0.25	Director	$0	$0	$0
JOE MCEVOY	TREASURER	0.25	Officer Director	$0	$0	$0
GREG VESLEY	DIRECTOR	0.25	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	$230,121	$250,272	$59,750	$-20,151
2022	$288,775	$320,465	$93,989	$-31,690
2021	$287,733	$228,744	$130,667	$58,989

BANDWAGON INSTITUTE FOR THE ARTS