SWALLOW HILL MUSIC ASSOCIATION (EIN 840781725) - 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

1979

Legal Domicile

Principal Officer

JESSY CLARK

Phone

3037771003

Tax Period

2023-01-01 to 2023-12-31

SWALLOW HILL MUSIC ASSOCIATION, founded in 1979, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $5.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO BUILD COMMUNITY THROUGH MUSIC PERFORMANCE, EDUCATION, AND OUTREACH.

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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 $1,495,704

Program Service Revenue $3,223,536

Investment Income $138,081

Other Revenue $73,452

TOTAL REVENUE $4,930,773

Expense Breakdown

Grants Paid $75,291

Salaries & Benefits $2,814,297

Fundraising Expenses $518,055

Program Expenses $4,136,344

Other Expenses $2,705,264

TOTAL EXPENSES $5,594,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,930,773	$3,957,533	+0.2%
Expenses	$5,594,852	$4,325,072	+0.3%
Net Income	$-664,079	$-367,539	+0.8%

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

110

Volunteers

118

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

$299,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY ZABEL	MEMBER	1.00	Director	$0	$0	$0
JIM LEONARD	MEMBER	2.00	Director	$0	$0	$0
WALT DEHAVEN	CHAIR	2.00	Officer Director	$0	$0	$0
LORI FOX	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLE HARRIS	TREASURER	2.00	Officer Director	$0	$0	$0
DAVE RATNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GAVIN O'TOOLE	MEMBER	1.00	Director	$0	$0	$0
ROB SILK	MEMBER	1.00	Director	$0	$0	$0
AENGUS FINNAN	CEO	40.00	Officer	$178,935	$7,759	$186,694
KOME MULLER	CFO	40.00	Officer	$112,638	$169	$112,807
JESSICA CLARK	COO	40.00	Highest	$128,297	$7,844	$136,141

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	No data	No data	No data	No data
2023	$4,930,773	$5,594,852	$5,226,721	$-664,079
2022	$3,957,533	$4,325,072	$5,658,881	$-367,539
2021	$6,402,960	$2,251,411	$6,215,784	$4,151,549
2020	$2,400,293	$2,677,457	$2,671,626	$-277,164
2019	$6,614,644	$6,543,539	$2,477,030	$71,105
2018	$5,707,036	$5,887,704	$2,400,370	$-180,668

SWALLOW HILL MUSIC ASSOCIATION