MUSIC ON THE STRAIT (EIN 992223200) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2024

Legal Domicile

Principal Officer

Don Corson

Tax Period

2025-01-01 to 2025-12-31

MUSIC ON THE STRAIT, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $818K in total revenue in fiscal year 2025. Revenue surged 502% from the prior year, signaling strong growth momentum. The organization ran a surplus of $590K, a strong 72% operating margin.

Mission

Music on the Strait aims to share chamber music, both its traditions and its emerging voices, through community programing and educational outreach in beautiful Port Angeles, Washington. The festival celebrates classical music in the singularly beautiful environment of Olympic National Park and the Salish Sea.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $762,694

Program Service Revenue $55,758

Investment Income $0

Other Revenue $0

TOTAL REVENUE $818,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,304

Fundraising Expenses $10,253

Program Expenses $194,340

Other Expenses $146,819

TOTAL EXPENSES $228,123

Year-over-Year Comparison

	2025	2024	Change
Revenue	$818,452	$135,980	+5.0%
Expenses	$228,123	N/A	N/A
Net Income	$590,329	$135,980	+3.3%

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
Don Corson	President	1	Officer Director	$0	$0	$0
Shirley Anderson	Vice President	1	Officer Director	$0	$0	$0
Suzie Nunley	Secretary	1	Officer Director	$0	$0	$0
Robert Pappas	Treasurer	1	Officer Director	$0	$0	$0
Darlene Whitney	Board Member	1	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	$818,452	$228,123	$824,226	$590,329

MUSIC ON THE STRAIT