ROOTS MUSIC PROJECT FOUNDATION (EIN 863645639) - 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

DAVID KENNEDY

Phone

3099901502

Tax Period

2024-01-01 to 2024-12-31

ROOTS MUSIC PROJECT FOUNDATION, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

TO AMPLIFY THE LIVE MUSIC COMMUNITY THROUGH PERFORMANCE AND ARTIST DEVELOPMENT, PERFORMANCE AND EDUCATION.

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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 $592,139

Program Service Revenue $454,956

Investment Income $1,814

Other Revenue $55,587

TOTAL REVENUE $1,104,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,718

Fundraising Expenses $90,026

Program Expenses $906,659

Other Expenses $704,711

TOTAL EXPENSES $1,083,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,104,496	$701,272	+0.6%
Expenses	$1,083,429	$675,734	+0.6%
Net Income	$21,067	$25,538	-0.2%

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

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

$71,517

Total Directors

$91,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KENNEDY	CHAIRPERSON	40.00	Officer Director	$0	$0	$0
RICK GABLER	DIRECTOR & SECRETARY (UNTIL 06/24)	1.00	Officer Director	$0	$0	$0
IAN STEELE	DIRECTOR & VP (UNTIL 06/24)	40.00	Officer Director	$71,517	$0	$71,517
TOM DEFRANCIA	DIRECTOR	0.50	Director	$0	$0	$0
MARYBETH EMERSON	DIRECTOR	0.50	Director	$0	$0	$0
ELI GRIMM	DIRECTOR	0.50	Director	$0	$0	$0
JACK HADLEY	DIRECTOR	0.50	Director	$0	$0	$0
JON HALPERN	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN MAEZES	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CHAD MCDANIELS	TREASURER	1.00	Officer Director	$0	$0	$0
FIONA OREN	DIRECTOR (UNTIL 06/24)	0.50	Director	$20,250	$0	$20,250
JON OREN	DIRECTOR (UNTIL 06/24)	0.50	Director	$0	$0	$0
STEPHEN SIEGEL	DIRECTOR	0.50	Director	$0	$0	$0
ANDY SKLAWAR	DIRECTOR	0.50	Director	$0	$0	$0
KOEL THOMAE	DIRECTOR	0.50	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	$1,104,496	$1,083,429	$170,077	$21,067
2023	$701,272	$675,734	$80,465	$25,538
2022	$232,827	$206,821	$45,781	$26,006

ROOTS MUSIC PROJECT FOUNDATION