THE INSTITUTE FOR MUSICAL ARTS INC (EIN 943054129) - 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

1987

Legal Domicile

Principal Officer

ANN HACKLER

Phone

4132683074

Tax Period

2024-07-01 to 2025-06-30

THE INSTITUTE FOR MUSICAL ARTS INC, founded in 1987, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Expenses of $158K exceeded revenue, resulting in a 17% operating deficit.

Mission

INSTRUCTION IN THE MUSICAL ARTS.

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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 $108,176

Program Service Revenue $26,455

Investment Income $900

Other Revenue $0

TOTAL REVENUE $135,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,455

Fundraising Expenses $1,145

Program Expenses $88,265

Other Expenses $111,035

TOTAL EXPENSES $158,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,531	$135,531	N/A
Expenses	$158,490	$158,492	0.0%
Net Income	$-22,959	$-22,961	0.0%

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
ROMA BARON	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH CABRASER	DIRECTOR	N/A	Director	$0	$0	$0
ANN HACKLER	TREASURER/CL	N/A	Officer Director	$0	$0	$0
LESLIE ANN JONES	DIRECTOR	N/A	Director	$0	$0	$0
EMILY LICHTER	DIRECTOR	N/A	Director	$0	$0	$0
JUNE MILLINGTON	PRESIDENT	N/A	Officer Director	$0	$0	$0
STELLA SHELTON	DIRECTOR	N/A	Director	$0	$0	$0
SHARON WASHINGTON	DIRECTOR	N/A	Director	$0	$0	$0
KATHRYN WILLMORE	DIRECTOR	N/A	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	$135,531	$158,490	$616,117	$-22,959
2024	$135,531	$158,492	$639,076	$-22,961
2023	$193,205	$160,844	$662,037	$32,361
2022	$189,926	$160,279	$872,839	$29,647
2021	$215,968	$181,788	$800,939	$34,180
2020	$135,118	$158,422	$653,054	$-23,304
2019	$197,828	$151,658	$678,292	$46,170
2018	$212,848	$203,441	$693,458	$9,407

THE INSTITUTE FOR MUSICAL ARTS INC