KINGSTON MUSIC INITIATIVE 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

2024

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $2,513

LOCATED IN THE HISTORICAL TRINITY METHODIST CHURCH ON WURTS STREET, TEMPO PERFORMING ARTS CENTER SPANS NEARLY TEN THOUSAND SQUARE FEET ACROSS TWO FLOORS. THE UPPER FLOOR, WITH ITS STUNNING GOTHIC...

LOCATED IN THE HISTORICAL TRINITY METHODIST CHURCH ON WURTS STREET, TEMPO PERFORMING ARTS CENTER SPANS NEARLY TEN THOUSAND SQUARE FEET ACROSS TWO FLOORS. THE UPPER FLOOR, WITH ITS STUNNING GOTHIC DESIGN AND TIFFANY STAINED-GLASS WINDOWS, IS OUR PRIMARY VENUE FOR PERFORMANCES. THE LOWER FLOOR HOSTS SMALLER CONCERTS AND HOUSES OUR CLASSROOM SPACES, SPACE FOR A FUTURE RECORDING STUDIO, AND A FULL COMMERCIAL KITCHEN FOR EVENTS IN THE FUTURE.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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