Fallbrook Music Society (EIN 953274842) - 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

1979

Legal Domicile

Phone

7604518644

Tax Period

2020-06-01 to 2021-05-31

Fallbrook Music Society, founded in 1979, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $66K in total revenue in fiscal year 2020. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $56K left a modest 15% surplus.

Mission

Provide free music programs to the public; music programs and education to Fallbrook and Bonsall area school children.

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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 (2020)

Revenue Breakdown

Contributions & Grants $37,503

Program Service Revenue $0

Investment Income $28,818

Other Revenue $0

TOTAL REVENUE $66,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $550

Program Expenses $38,841

Other Expenses $56,469

TOTAL EXPENSES $56,469

Year-over-Year Comparison

	2020	2019	Change
Revenue	$66,321	$120,787	-0.5%
Expenses	$56,469	$59,889	-0.1%
Net Income	$9,852	$60,898	-0.8%

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

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
Robert E Freaney Jr	President	8.00	Officer	$0	$0	$0
Janet Silver	Treasurer	2.00	Officer	$0	$0	$0
Steve Byrnes	Secretary	2.00	Officer	$0	$0	$0
Robin Scheuer	Vice President	2.00	Officer	$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
2021	$66,321	$56,469	$1,380,653	$9,852
2020	$120,787	$59,889	$1,162,425	$60,898
2019	$51,210	$66,107	$1,036,642	$-14,897
2018	$120,741	$45,743	$1,011,043	$74,998

Fallbrook Music Society