NORTHWOODS MUSIC COLLABORATIVE INC

EIN: 833807553 501(c)(3) Arts, Culture & Humanities

Crystal Falls, MI

Total Revenue
$191,625
Total Expenses
$140,547
Total Assets
$328,231
Net Assets
$328,231
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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
2019
Legal Domicile
MI
Principal Officer
Bette Premo
Phone
9063671255
Tax Period
2025-01-01 to 2025-12-31

NORTHWOODS MUSIC COLLABORATIVE INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $192K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 27% operating margin.

Mission

Provide music programs and education

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $191,625
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $191,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,547
Other Expenses $140,547
TOTAL EXPENSES $140,547

Year-over-Year Comparison

2025 2024 Change
Revenue $191,625 $126,028 +0.5%
Expenses $140,547 $34,455 +3.1%
Net Income $51,078 $91,573 -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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betty Walker Board President 2
Director
$0 $0 $0
Bette Premo Secretary/Treasurer 10
Director
$0 $0 $0
Jon Pryor Board Member 1
Director
$0 $0 $0
David Eich Board Member 1
Director
$0 $0 $0
Edie Yovu Board Director 1
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
2025 $191,625 $140,547 $328,231 $51,078
2024 $126,028 $34,455 $277,153 $91,573
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