REDLANDS COMMUNITY MUSIC ASSOCIATION (EIN 956006074) - 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

1924

Legal Domicile

Principal Officer

VALARIE PETERSON

Phone

9097937316

Tax Period

2024-01-01 to 2024-12-31

REDLANDS COMMUNITY MUSIC ASSOCIATION, founded in 1924, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Net assets of $5.9M represent 45 months of operating reserves.

Mission

PROVIDE WORLD CLASS PERFORMING ARTS FOR THE COMMUNITY WITHOUT ADMISSION CHARGE

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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 $1,271,388

Program Service Revenue $61,261

Investment Income $168,577

Other Revenue $92,979

TOTAL REVENUE $1,594,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,809

Fundraising Expenses $34,471

Program Expenses $1,484,826

Other Expenses $1,162,235

TOTAL EXPENSES $1,726,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,594,205	$4,828,064	-0.7%
Expenses	$1,726,044	$1,923,711	-0.1%
Net Income	$-131,839	$2,904,353	-1.0%

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

1008

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALARIE PETERSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
ALISHA AGUILAR	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DANNY PAYNE	TREASURER	4.00	Officer Director	$0	$0	$0
JAN HUDSON	SECRETARY	4.00	Officer Director	$0	$0	$0
BOB DRIESSNACK	MEMBER AT LARGE	4.00	Director	$0	$0	$0
DON ANDERSON	BOARD MEMBER	4.00	Director	$0	$0	$0
KEN BALLOU	BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD BAWDEN	BOARD MEMBER	4.00	Director	$0	$0	$0
RACHELLE BUSSELL	BOARD MEMBER	4.00	Director	$0	$0	$0
GARY H CHAN	BOARD MEMBER	4.00	Director	$0	$0	$0
ANNETTE COFFEY	BOARD MEMBER	4.00	Director	$0	$0	$0
LYNDON EDWARDS	BOARD MEMBER	4.00	Director	$0	$0	$0
GREG FIELDS	BOARD MEMBER	4.00	Director	$0	$0	$0
TRACY HANSON	BOARD MEMBER	4.00	Director	$0	$0	$0
MARAL HERNANDEZ	BOARD MEMBER	4.00	Director	$0	$0	$0
PATTY HOLOHAN	BOARD MEMBER	4.00	Director	$0	$0	$0
RENEE KERN	BOARD MEMBER	4.00	Director	$0	$0	$0
KRISTA NEWKIRK	BOARD MEMBER	4.00	Director	$0	$0	$0
JAMES RAMOS	BOARD MEMBER	4.00	Director	$0	$0	$0
TREVA WEBSTER	BOARD MEMBER	4.00	Director	$0	$0	$0
CORY WECK	BOARD MEMBER	4.00	Director	$0	$0	$0
BEVERLY NOERR	EXECUTIVE DIRECTOR	40.00	Officer	$125,000	$0	$125,000
KRISTINA MARNELL	OPERATION DIRECTOR	40.00	Highest	$100,833	$0	$100,833
VALERIE PEISTER	PROGRAM DIRECTOR	40.00	Highest	$110,000	$0	$110,000

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	$1,594,205	$1,726,044	$5,934,253	$-131,839
2023	$4,828,064	$1,923,711	$5,944,856	$2,904,353
2022	$1,440,096	$1,248,986	$3,175,531	$191,110
2021	$1,441,421	$972,153	$2,919,003	$469,268
2020	$635,913	$768,793	$2,546,434	$-132,880
2019	$972,121	$1,119,485	$2,492,930	$-147,364
2018	$1,051,236	$1,039,570	$2,601,370	$11,666

REDLANDS COMMUNITY MUSIC ASSOCIATION