GRINNELL SCHOOL OF MUSIC INC

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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

2023

Legal Domicile

Principal Officer

MAURA STRASSBERG

Phone

6418880850

Tax Period

2024-07-01 to 2025-06-30

GRINNELL SCHOOL OF MUSIC INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $520K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $309K, a strong 59% operating margin.

Mission

PROVIDING COMMUNITY MUSIC-MAKING IN ADDITION TO EXCELLENCE IN PERFORMANCE. THE SCHOOL WILL PROVIDE MUSIC EDUCATION AND OPPORTUNITIES FOR RECREATIONAL, COMPETITIVE, AND PROFESSIONAL MUSICIANS ALIKE, EQUIPPING STUDENTS TO BECOME LIFELONG PRACTITIONERS AND PERFORMERS.

Program Service Accomplishments

Program 1

Expenses: $211,146 Revenue: $121,426

PROVIDING COMMUNITY MUSIC-MAKING IN ADDITION TO EXCELLENCE IN PERFORMANCE, THE SCHOOL WILL PROVIDE MUSIC EDUCATION AND OPPORTUNITIES FOR RECREATIONAL, COMPETITIVE, AND PROFESSIONAL MUSICIANS ALIKE...

PROVIDING COMMUNITY MUSIC-MAKING IN ADDITION TO EXCELLENCE IN PERFORMANCE, THE SCHOOL WILL PROVIDE MUSIC EDUCATION AND OPPORTUNITIES FOR RECREATIONAL, COMPETITIVE, AND PROFESSIONAL MUSICIANS ALIKE, EQUIPPING STUDENTS TO BECOME LIFELONG PRACTITIONERS AND PERFORMERS.

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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 $398,457

Program Service Revenue $120,710

Investment Income $716

Other Revenue $0

TOTAL REVENUE $519,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,781

Fundraising Expenses $0

Program Expenses $211,146

Other Expenses $156,365

TOTAL EXPENSES $211,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,883	$406,838	+0.3%
Expenses	$211,146	$136,597	+0.5%
Net Income	$308,737	$270,241	+0.1%

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

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN BUSTIN	EXECUTIVE DI	40.00	Director	$48,000	$0	$48,000
MARK A BERRY	DIRECTOR	N/A	Director	$0	$0	$0
JON EDWARDS	DIRECTOR	N/A	Director	$0	$0	$0
ROGER HENDERSON	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE LATIMER	DIRECTOR	N/A	Director	$0	$0	$0
PJ MAHAFFEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TAYLOR MARSHO	DIRECTOR	N/A	Director	$0	$0	$0
CIGI MUCKLER	TREASURER	N/A	Officer Director	$0	$0	$0
THERESA PAGLIAI	DIRECTOR	N/A	Director	$0	$0	$0
JOHN ROMMEREIM	DIRECTOR	N/A	Director	$0	$0	$0
MAURA STRASSBERG	PRESIDENT	N/A	Officer Director	$0	$0	$0
LESLEY WRIGHT	SECRETARY	N/A	Officer 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	$519,883	$211,146	$739,149	$308,737
2024	$406,838	$136,597	$435,080	$270,241
2023	$49,025	$17,180	$32,709	$31,845