Studio Percussion Inc
Nonprofit profile at a glance
- EIN
- 201869117
- IRS 990-EZ coverage
- 2014–2016
- Forms available
- Form 990-EZ 2016
- Location
- Gainesville, FL, USA
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $72,133
- Expenses
- $70,544
- Assets
- $13,008
- Liabilities
- $10,820
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- SIMON AMIR (PRESIDENT)
People named in this filing
- TOBIN WAGSTAFF (GENERAL MANA)
- SIMON AMIR (PRESIDENT)
- MATT WEISMAN (DIRECTOR)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Encourage, inspire and motivate all people towards excellence in life and leadership.
What it reported doing in 2016
Music instruction - group lessons were held for stickfigures, drum set ensemble, keyboard ensemble, drumline, kids love drums and junior drummers. Private lessons were also conducted on a regular basis.
Operating model
- Revenue model
- Earned-program. 86% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.2%; rating input score 96
- Program expense ratio: 98.4%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.2%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 17%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 96.2% of revenue deployed · 98.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2014 to 2016
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 9/100.