MUSIC ECOSYSTEMS AND ARTIST DEVELOPMENT ORGANIZATION OF WICHITA (EIN 882686131) - 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

JESSIE HARTKE

Phone

3162534016

Tax Period

2023-01-01 to 2023-12-31

MUSIC ECOSYSTEMS AND ARTIST DEVELOPMENT ORGANIZATION OF WICHITA, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 57% operating margin.

Mission

MISSION - FOCUSED ON CREATING SUPPORT SYSTEMS AND INFRASTRUCTURE FOR THE DEVELOPMENT AND GROWTH OF THE WICHITA MUSIC INDUSTRY. WITH A FOCUS ON GROWING A NETWORK OF INDEPENDENT ARTISTS, VENUES, PROMOTERS, A MORE COLLABORATIVE ENVIRONMENT WHERE INDIVIDUALS RETAIN MORE POWER OVER THEIR OWN DESTINY BY WORKING MORE CLOSELY TO BUILD A NEW INDUSTRY FROM THE GROUND UP.

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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 $2,510,620

Program Service Revenue $0

Investment Income $445

Other Revenue $70

TOTAL REVENUE $2,511,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,621

Fundraising Expenses $0

Program Expenses $690,782

Other Expenses $882,986

TOTAL EXPENSES $1,076,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,511,135	$1,216,452	+1.1%
Expenses	$1,076,607	$258,895	+3.2%
Net Income	$1,434,528	$957,557	+0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE HARTKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM HARTKE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RUDY LOVE JR	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,511,135	$1,076,607	$2,407,634	$1,434,528
2022	$1,216,452	$258,895	$961,558	$957,557

MUSIC ECOSYSTEMS AND ARTIST DEVELOPMENT ORGANIZATION OF WICHITA