MONARCH MUSIC & ARTS COMMUNITY (EIN 881746065) - 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

2022

Legal Domicile

Principal Officer

Mark Roberts

Phone

5029380600

Tax Period

2024-01-01 to 2024-12-31

MONARCH MUSIC & ARTS COMMUNITY, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $203K left a modest 9% surplus.

Mission

The Monarch Music & Arts Community is a co-working space that serves as a communal hub for the creation, education, collaboration, performance, and advancement of original music and art in Louisville, KY. The organization's mission is to encourage, promote, and support local artists while promoting music and art appreciation and education in our community. The organization's goal is to unite, inspire, and uplift local artists, and our entire community, as we cultivate new creative connections beyond our city.

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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 $129,502

Program Service Revenue $93,267

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,500

Fundraising Expenses $15,906

Program Expenses $158,907

Other Expenses $119,554

TOTAL EXPENSES $203,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,769	$153,488	+0.5%
Expenses	$203,054	$118,298	+0.7%
Net Income	$19,715	$35,190	-0.4%

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

$83,500

Total Directors

$83,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Roberts	President	60	Officer Director	$46,000	$0	$46,000
Tara Powers	Secretary	20	Officer Director	$37,500	$0	$37,500
James Stapleton	Director	1.00	Director	$0	$0	$0
Dustin Boeh	Director	1	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	$222,769	$203,054	$53,843	$19,715

MONARCH MUSIC & ARTS COMMUNITY