STRING ACADEMY OF IDAHO FALLS

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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

JENNIFER CROFTS

Phone

2085207756

Tax Period

2024-01-01 to 2024-12-31

STRING ACADEMY OF IDAHO FALLS, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $163K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $26K, a strong 16% operating margin.

Mission

TO PROVIDE AN OPPORTUNITY TO ACHIEVE MUSICAL EXCELLENCE IN THE STUDY OF VIOLIN, VIOLA, AND CELLO. TO PROVIDE HIGHLY SKILLED AND PERSONALIZED PRIVATE INSTRUCTION IN A WELCOMING, STRUCTURED AND SUPPORTIVE ENVIRONMENT. TO SERVE OUR COMMUNITY THROUGH CLASSIC MUSIC STUDY AND PREFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $137,224

TO PROVIDE AN OPPORTUNITY TO ACHIEVE MUSICAL EXCELLENCE IN THE STUDY OF VIOLIN, VIOLA, AND CELLO. TO PROVIDE HIGHLY SKILLED AND PERSONALIZED PRIVATE INSTRUCTION IN A WELCOMING, STRUCTURED AND...

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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 $32,622

Program Service Revenue $130,448

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,224

Other Expenses $137,224

TOTAL EXPENSES $137,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,070	$196,219	-0.2%
Expenses	$137,224	$136,827	+0.0%
Net Income	$25,846	$59,392	-0.6%

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
JENNIFER CROFTS	President	4.00	Officer Director	$0	$0	$0
KAREN YOUNG	Vice President	4.00	Officer Director	$0	$0	$0
KIMBERLY CARPENTER	Secretary	3.00	Officer Director	$0	$0	$0
JAKE DURTSCHI	Treasurer	2.00	Officer Director	$0	$0	$0
VIRGINIA WILLARD	Director	3.00	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
2025	No data	No data	No data	No data
2024	$163,070	$137,224	$153,767	$25,846
2023	$196,219	$136,827	$126,045	$59,392
2022	$114,677	$46,348	$69,669	$68,329