Franklin Suzuki Academy
Nonprofit profile at a glance
- EIN
- 270970558
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Nashville, TN, USA
- Phone
- 6155673723
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $70,879
- Expenses
- $56,000
- Assets
- $36,790
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kara Covey (President)
- Andra Prewett (Executive Director (Former))
- Annalise Ohse (Executive Director)
People named in this filing
- Kara Covey (President)
- Doug Palowitch (Treasurer (Former))
- Andra Prewett (Executive Director (Former))
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Franklin Suzuki Academy is a not-for-profit music school that offers high-quality Suzuki music instruction in violin, viola, and cello for preschool through high school students, partnering with local families in creating a nurturing environment where children can develop their artistic skills and moral character.
What it reported doing in 2024
Franklin Suzuki Academy provides comprehensive music education for children ages 3- 18. We teach private & group instruction in violin, viola, & cello. We also offer group enrichment classes in fiddle & performance opportunities in the community. We serve 49 students and 34 households. 63% of our students pay a discounted tuition rate.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 100
- Sustainability: 46
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.6%; rating input score 56
- Program expense ratio: 70.3%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 45.4%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 55.6% of revenue deployed · 70.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Officer compensation ratio scored 3/100.