BETWEEN BEATS INC (EIN 863631525) - 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

2021

Legal Domicile

Principal Officer

ALAN CLEMENS

Phone

8154402999

Tax Period

2023-01-01 to 2023-12-31

BETWEEN BEATS INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $582K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $696K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO BRING CULTURAL ENRICHMENT VIA CONCERTS AND OTHER MUSICAL EVENTS TO THE SAUK VALLEY

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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 $521,367

Program Service Revenue $60,589

Investment Income $0

Other Revenue $0

TOTAL REVENUE $581,956

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $271,716

Fundraising Expenses $0

Program Expenses $344,933

Other Expenses $420,858

TOTAL EXPENSES $696,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$581,956	$745,585	-0.2%
Expenses	$696,074	$575,946	+0.2%
Net Income	$-114,118	$169,639	-1.7%

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

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

Total Directors

$49,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BOLES	EXECUTIVE DI	1.00	Director	$49,998	$0	$49,998
DOLORES KUSTOM	DIRECTOR	1.00	Director	$0	$0	$0
ALAN CLEMENS	PRESIDENT	1.00	Officer	$0	$0	$0
GARY GEHLBACH	TREASURER	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
2024	No data	No data	No data	No data
2023	$581,956	$696,074	$95,579	$-114,118
2022	$745,585	$575,946	$210,229	$169,639
2021	$236,624	$202,735	$37,520	$33,889

BETWEEN BEATS INC