ETM-MASSACHUSETTS INC (EIN 823001062) - 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

2020

Legal Domicile

Principal Officer

ADAM CALUS

Phone

8572008620

Tax Period

2022-07-01 to 2023-06-30

ETM-MASSACHUSETTS INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $260K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

EDUCATION THROUGH MUSIC-MASSACHUSETTS (ETM-MA) PARTNERS WITH UNDER-RESOURCEDSCHOOLS TO PROVIDE MUSIC AS A CORE SUBJECT FOR ALL CHILDREN, AND UTILIZES MUSIC EDUCATION AS A CATALYST TO IMPROVE ACADEMIC ACHIEVEMENT, MOTIVATION FOR SCHOOL, AND SELF-CONFIDENCE. WE LAUNCH NEW MUSIC PROGRAMS AT SCHOOLS THAT NEED US MOST, BUILD AND STRENGTHEN MUSIC PROGRAMS THAT EXIST, AND SUPPORT ALL PROGRAMS WE WORK WITH TO BECOME SUSTAINABLE AND TRANSFORMATIVE IN THEIR SCHOOL COMMUNITY.

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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 $157,746

Program Service Revenue $100,346

Investment Income $0

Other Revenue $2,400

TOTAL REVENUE $260,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,834

Fundraising Expenses $8,473

Program Expenses $147,525

Other Expenses $87,196

TOTAL EXPENSES $270,030

Year-over-Year Comparison

	2022	2021	Change
Revenue	$260,492	$279,842	-0.1%
Expenses	$270,030	$265,260	+0.0%
Net Income	$-9,538	$14,582	-1.7%

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

$94,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER HERNANDEZ	BOARD CHAIR	1.00	Director	$0	$0	$0
VARSHA RAMESH	TREASURER	1.00	Director	$0	$0	$0
CINDY CHOI	CLERK	1.00	Director	$0	$0	$0
TOM WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM CALUS	EXECTIVE DIRECTOR	40.00	Officer	$88,750	$5,938	$94,688

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	$260,492	$270,030	$12,521	$-9,538
2022	$279,842	$265,260	$22,588	$14,582

ETM-MASSACHUSETTS INC