The VM Music Company Inc (EIN 843854279) - 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

2019

Legal Domicile

Principal Officer

Phil McShan

Phone

8172536873

Tax Period

2024-01-01 to 2024-12-31

The VM Music Company Inc, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $343K left a modest 14% surplus.

Mission

The purpose for which the Corporation is organized is to educate the public and its members through the creation, promotion, and performance of all forms of vocal music and related art forms.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,326

Program Service Revenue $305,536

Investment Income $37,133

Other Revenue $0

TOTAL REVENUE $399,995

Expense Breakdown

Grants Paid $181,771

Salaries & Benefits $39,823

Fundraising Expenses $0

Program Expenses $294,157

Other Expenses $121,480

TOTAL EXPENSES $343,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,995	$457,466	-0.1%
Expenses	$343,074	$245,519	+0.4%
Net Income	$56,921	$211,947	-0.7%

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

140

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
Michael Thompson	Secretary	1.50	Officer Director	$0	$0	$0
Warren Nagumo	Treasurer	5.00	Officer Director	$0	$0	$0
J R Leath	Director	1.50	Director	$0	$0	$0
Baxter Fullerton	Director	1.50	Director	$0	$0	$0
Michele Fullerton	Director	1.50	Director	$0	$0	$0
Robert Siebert	Director	1.50	Director	$0	$0	$0
Nick Alexander	Vice President	5.00	Officer Director	$0	$0	$0
Richard Strunk	Vice President	5.00	Officer Director	$0	$0	$0
Phil McShan	President	5.00	Officer 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
2024	$399,995	$343,074	$714,906	$56,921
2023	$457,466	$245,519	$656,082	$211,947
2022	$510,842	$84,334	$443,333	$426,508

The VM Music Company Inc