THE IBMA FOUNDATION INC

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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

TRISHA TUBBS

Phone

6152604807

Tax Period

2023-07-01 to 2024-06-30

THE IBMA FOUNDATION INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 30% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO BUILD A BRIGHTER FUTURE FOR BLUEGRASS MUSIC AND HELP DONORS CREATE A LEGACY BY SUPPORTING PROGRAMS AND PROJECTS THAT FOCUS ON BLUEGRASS MUSIC-RELATED ARTS AND CULTURE, EDUCATION, LITERARY WORK AND HISTORIC PRESERVATION.

Program Service Accomplishments

Program 1

Expenses: $81,815 Revenue: $7,125

AWARDED PROJECT GRANTS AND SCHOLARSHIPS FOR THE PROMOTION OF BLUEGRASS MUSIC AND SUPPORT OF VARIOUS BLUEGRASS EDUCATION PROJECTS

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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 $142,349

Program Service Revenue $430

Investment Income $16,823

Other Revenue $13,048

TOTAL REVENUE $172,650

Expense Breakdown

Grants Paid $71,966

Salaries & Benefits $25,850

Fundraising Expenses $12,470

Program Expenses $81,815

Other Expenses $23,826

TOTAL EXPENSES $121,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,650	$127,048	+0.4%
Expenses	$121,642	$124,084	0.0%
Net Income	$51,008	$2,964	+16.2%

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

N/A

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

$22,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED BARTENSTEIN	PRESIDENT/CHAIR	5.00	Officer Director	$0	$0	$0
ALAN TOMPKINS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
RUTH MCLAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDY TYNER	TREASURER	3.00	Officer Director	$0	$0	$0
KISSY BLACK	DIRECTOR	1.00	Director	$0	$0	$0
SAM BLUMENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BROWN	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BULLER	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HALL	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR HANCOCK IV	DIRECTOR	1.00	Director	$0	$0	$0
PETER SALOVEY	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA TUBBS	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAN WERBIN	DIRECTOR	1.00	Director	$0	$0	$0
KEN WHITE	EX-OFFICIO	1.00	Director	$0	$0	$0
NANCY CARDWELL	EXECUTIVE DIRECTOR	12.00	Officer	$22,000	$0	$22,000

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	$172,650	$121,642	$512,987	$51,008
2023	$127,048	$124,084	$437,779	$2,964
2022	$232,039	$108,244	$411,918	$123,795
2021	$349,936	$261,250	$336,759	$88,686