Vivace Music Foundation (EIN 843909868) - 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

John Holloway President

Phone

5028195551

Tax Period

2023-01-01 to 2023-12-31

Vivace Music Foundation, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2023.

Mission

To promote the arts and artists in North Carolina and elsewhere through the conduct of various music festivals, educational events and productions.

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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 $67,981

Program Service Revenue $245,131

Investment Income $0

Other Revenue $0

TOTAL REVENUE $313,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $324,820

Other Expenses $341,376

TOTAL EXPENSES $341,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,112	$311,319	+0.0%
Expenses	$341,376	$337,879	+0.0%
Net Income	$-28,264	$-26,560	+0.1%

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

N/A

Volunteers

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
John Holloway	President	10.00	Officer Director	$0	$0	$0
Joseph Rackers	Vice President	2.00	Officer Director	$0	$0	$0
Susan Klebanow	Director	1.00	Officer Director	$0	$0	$0
Andrew Noland	Director	1.00	Officer Director	$0	$0	$0
Patrick Kelley	Director	1.00	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	No data	No data	No data	No data
2023	$313,112	$341,376	$89,518	$-28,264
2022	$311,319	$337,879	$117,782	$-26,560
2021	$455,092	$372,423	$144,342	$82,669
2020	$227,834	$166,261	$61,673	$61,573

Vivace Music Foundation