Free Guitars 4 Kids (EIN 843584931) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Damon Danielson

Phone

2547237691

Tax Period

2025-01-01 to 2025-12-31

Free Guitars 4 Kids, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $713K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

FG4K provides free guitars and lessons to students who might otherwise be unable to experience the joy and tangible benefits that owning a musical instrument provides.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $712,585

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $712,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,910

Fundraising Expenses $32,098

Program Expenses $623,485

Other Expenses $482,973

TOTAL EXPENSES $708,883

Year-over-Year Comparison

	2025	2024	Change
Revenue	$712,597	$566,459	+0.3%
Expenses	$708,883	$555,556	+0.3%
Net Income	$3,714	$10,903	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$25,000

Total Directors

Key Employees

$129,027

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terrence Esau	Secretary	5.00	Officer	$25,000	$0	$25,000
Ben Dudley	Executive Director	40.00	Key Emp	$129,027	$0	$129,027
Matt Houchin	Treasurer	2.00	Officer	$0	$0	$0
Damon Danielson	Board Chair	5.00	Officer	$0	$0	$0
Thomas Rose	Board Member	1.00	Officer	$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	$712,597	$708,883	$166,708	$3,714
2024	$566,459	$555,556	$163,012	$10,903
2023	$369,229	$290,418	$133,568	$78,811
2022	$204,066	$147,884	$54,375	$56,182
2022	$204,066	$147,884	$54,375	$56,182

Free Guitars 4 Kids