MUSIC ECOSYSTEMS AND ARTIST DEVELOPMENT ORGANIZATION OF WICHITA

EIN: 882686131 Arts, Culture & Humanities

WICHITA, KS

Total Revenue
$2,511,135
Total Expenses
$1,076,607
Total Assets
$2,407,634
Net Assets
$2,392,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
KS
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

TO DEVELOP A THRIVING AND SELF-SUSTAINING MUSICAL COMMUNITY WITHIN AND AROUND WICHITA, KANSAS THROUGH THE CREATION OF INFRASTRUCTURE, EDUCATION, AND RESOURCES FOCUSED ON MUSICAL PERFORMANCE AND EDUCATION, ALL ON A NONPROFIT BASIS. IN ORDER TO HELP MUSICIANS BE PART OF A VIBRANT MUSICAL COMMUNITY OUTSIDE A MAJOR METROPOLITAN AREA FOR THE BENEFIT OF WICHITA AREA RESIDENTS, THE CORPORATION MAY ALSO SUPPORT APPROPRIATE MUSIC RECORDING, PRODUCTION, DISTRIBUTION, ARTIST DEVELOPMENT, MUSIC WORKER EDUCATION AND TRAINING, AND MUSIC BUSINESS LITERACY EDUCATION, WITH THE OVERALL AIM OF NONPROFIT COMMUNITY SERVICE.

Program Service Accomplishments

Program 1
Expenses: $690,782

ARTIST DEVELOPMENT: DEVELOPMENT AND SUPPORT OF INDEPENDENT MUSIC VENUES, LABELS, MANAGEMENT, AND TOURING FOR MUSICAL PERFORMANCES AND CREATIVE WORKS IN THE WICHITA AREA.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
5
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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