CONNECTING THRU MUSIC INC (EIN 831825932) - 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

2018

Legal Domicile

Principal Officer

KAREN DEMUTH

Phone

9043184846

Tax Period

2023-07-01 to 2024-06-30

CONNECTING THRU MUSIC INC, founded in 2018, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring.

Mission

To provide music therapy and related music services which will enhance the cognitive, communicative, emotional, physical and social development of the children with special needs throughout Duval County and the Northeast

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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 $72,545

Program Service Revenue $10,780

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,921

Fundraising Expenses $0

Program Expenses $83,325

Other Expenses $77,404

TOTAL EXPENSES $83,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,325	$240,821	-0.7%
Expenses	$83,325	$278,568	-0.7%
Net Income	$0	$-37,747	-1.0%

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

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
NANCY STAATS	CHAIR	005.00	Officer Director	$0	$0	$0
Heidi Smith	Secretary	005.00	Officer Director	$0	$0	$0
Craig Johnson	Treasurer	005.00	Officer Director	$0	$0	$0
Linda Connelly	Director	002.00	Director	$0	$0	$0
Sandy Jenkins	Director	002.00	Director	$0	$0	$0
Michelle Glass	Director	002.00	Director	$0	$0	$0
Caitlin Powderly	Director	002.00	Director	$0	$0	$0
Carena Winters	Director	002.00	Director	$0	$0	$0
Norianne Wright	Director	002.00	Director	$0	$0	$0
KAREN DEMUTH	EXECUTIVE DIRECTOR	050.00	Key Emp	$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
2024	$83,325	$83,325	No data	No data
2023	$240,821	$278,568	$78,435	$-37,747
2022	$299,976	$208,865	$125,056	$91,111
2021	$237,178	$226,931	$24,977	$10,247

CONNECTING THRU MUSIC INC