KINGSTON MUSIC INITIATIVE INC

EIN: 990864420 501(c)(3) Arts, Culture & Humanities

KINGSTON, NY

Total Revenue
$915,022
Total Expenses
$82,825
Total Assets
$863,754
Net Assets
$832,197
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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
2024
Legal Domicile
NY
Principal Officer
THOMAS KRUEGER
Phone
9173634567
Tax Period
2024-01-23 to 2024-12-31

KINGSTON MUSIC INITIATIVE INC, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $915K in total revenue in fiscal year 2024. The organization ran a surplus of $832K, a strong 91% operating margin.

Mission

OUR MISSION AT TEMPO KINGSTON IS TO BUILD COMMUNITY THROUGH THE SHARED LOVE OF MUSIC BY PROVIDING A SAFE SPACE, OPEN AND ACCESSIBLE TO ALL, WHERE ARTISTS CAN WRITE, PERFORM, AND RECORD, WHERE STUDENTS CAN LEARN THEIR CRAFT, AND ABOVE ALL, WHERE OUR DIVERSE AND VIBRANT COMMUNITY CAN GATHER, CONNECT, AND CELEBRATE ONE ANOTHER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $895,000
Program Service Revenue $0
Investment Income $20,022
Other Revenue $0
TOTAL REVENUE $915,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,001
Program Expenses $2,513
Other Expenses $82,825
TOTAL EXPENSES $82,825

Year-over-Year Comparison

2024 2023 Change
Revenue $915,022 N/A N/A
Expenses $82,825 N/A N/A
Net Income $832,197 N/A N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS KRUEGER EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
FOSTER REED TRUSTEE 10.00
Director
$0 $0 $0
PETER WETZLER TRUSTEE 10.00
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 $915,022 $82,825 $863,754 $832,197
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