Civic Intelligence

Tacoma Music Academy

EIN 82-5396693 • 501(c)3 • Tacoma, WA

Pub. 78 Eligible990-N CoverageNTEE A25

Profile

Music education.

1001 Yakima Ave s STE 14Tacoma, WA 98405-4869

www.tacomamusicacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.40x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Source year 2024

Net Margin

52nd percentile

7.1%

Higher net margin than 52% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$8,550

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

NTEE A25 • <$500k nonprofits • Source year 2024

Asset Growth

86th percentile

119%

Faster asset growth than 86% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,717

Up $13,411 (+119%) from 2023

Liabilities

Up

$9,943

Up $8,045 (+424%) from 2023

Net Assets

Up

$14,774

Up $5,366 (+57%) from 2023

Revenue

Down

$96,512

Down $13,320 (-12%) from 2023

Expenses

Down

$89,665

Down $37,755 (-30%) from 2023

Net Income

Up

$6,847

Up $24,435 (+139%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2022: $31,146Liabilities 2022: $4,150Net Assets 2022: $26,9962022Assets 2023: $11,306Liabilities 2023: $1,898Net Assets 2023: $9,4082023Assets 2024: $24,717Liabilities 2024: $9,943Net Assets 2024: $14,7742024

Highlighted filing

2024

Assets$24,717
Liabilities$9,943
Net Assets$14,774

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2022: $71,280Expenses 2022: $69,873Net Income 2022: $1,4072022Revenue 2023: $109,832Expenses 2023: $127,420Net Income 2023: -$17,5882023Revenue 2024: $96,512Expenses 2024: $89,665Net Income 2024: $6,8472024

Highlighted filing

2024

Revenue$96,512
Expenses$89,665
Net Income$6,847

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$167,659
Mission and Program Overview

Mission

Music education.

Program Services

DescriptionGrantsExpenses
Produced 2,806 music lessons and classes for youth 0-18 and adults, attended by 4190 persons.$3,500$160,812
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Svitlana SmagaBoard President-$8,550-$8,550
Christina ManettiBoard Director-$0--
Ganna KrupinaBoard Director Secretary-$0--
Paul WalentynowyczVicepresident-$0--
Filing and Contact Details

Filer

Filer Name
Tacoma Music Academy
EIN
82-5396693
Phone
2538447400
Address
1001 Yakima Ave s STE 14, Tacoma, WA 98405-4869

Signing Officer

Name
Svitlana Smaga
Title
Board President
Phone
2533203060
Signed
2025-05-12
Supplemental Narrative

Additional Explanations

Part I Line 16

Advertising and marketing - 1134

Part I Line 16

Bank charges and fees - 481

Part I Line 16

Credit card fees - 4043

Part I Line 16

Computers and internet - 2277

Part I Line 16

Depreciation expense - 563

Part I Line 16

Dues and subscriptions - 497

Part I Line 16

Insurance - 2023

Part I Line 16

Interest paid - 266

Part I Line 16

Licenses and permits - 20

Part I Line 16

meals and entertainment - 402

Part I Line 16

Office supplies - 172

Part I Line 16

Travel - 61

Part I Line 20

Accumulated depreciation - -2076

Part I Line 20

Prior period adjustment - 387

Part I Line 20

Retained revenue - 210

Part II Line 24

Security deposit - Beginning Of Year Amount: 600 End Of Year Amount:600

Part II Line 24

Undeposited funds - Beginning Of Year Amount: 0 End Of Year Amount:575

Part II Line 24

Accounts receivable - Beginning Of Year Amount: 0 End Of Year Amount:6280

Part II Line 24

Fixed assets - Beginning Of Year Amount: 933 End Of Year Amount:10371

Part II Line 26

Line of credit - Beginning Of Year Amount: 0 End Of Year Amount:8601

Part II Line 26

Credit card - Beginning Of Year Amount: 1487 End Of Year Amount:1342

Part II Line 26

Payroll liabilities - Beginning Of Year Amount: 380 End Of Year Amount:0

Raw XML Appendix184 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0STE 14
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Tacoma
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098405
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Svitlana Smaga
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Christina Manetti
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Ganna Krupina
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Paul Walentynowycz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Board President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board director secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vicepresident
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Music education.
IRS990EZ/ProgramServiceRevenueAmt0162528
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Produced 2,806 music lessons and classes for youth 0-18 and adults, attended by 4190 persons.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0160812
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0WA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01867
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt089665
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IRS990EZ/TotalRevenueAmt096512
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt029568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt043125
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt028182
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0171259
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0123948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt080264
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0275157
IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/Total509Grp/TotalAmt0446416
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0167659
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt029378
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0446416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and marketing - 1134
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank charges and fees - 481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit card fees - 4043
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Computers and internet - 2277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation expense - 563
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues and subscriptions - 497
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance - 2023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Interest paid - 266
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Licenses and permits - 20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9meals and entertainment - 402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Office supplies - 172
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Travel - 61
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accumulated depreciation - -2076
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Prior period adjustment - 387
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Retained revenue - 210
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Security deposit - Beginning Of Year Amount: 600 End Of Year Amount:600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Undeposited funds - Beginning Of Year Amount: 0 End Of Year Amount:575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Accounts receivable - Beginning Of Year Amount: 0 End Of Year Amount:6280
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Fixed assets - Beginning Of Year Amount: 933 End Of Year Amount:10371
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Line of credit - Beginning Of Year Amount: 0 End Of Year Amount:8601
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Credit card - Beginning Of Year Amount: 1487 End Of Year Amount:1342
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Payroll liabilities - Beginning Of Year Amount: 380 End Of Year Amount:0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Part II Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Part II Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Part II Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Svitlana Smaga
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum02533203060
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Tacoma Music Academy
ReturnHeader/Filer/BusinessNameControlTxt0TACO
ReturnHeader/Filer/EIN0825396693
ReturnHeader/Filer/PhoneNum02538447400
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 Yakima Ave s STE 14
ReturnHeader/Filer/USAddress/CityNm0Tacoma
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0984054869
ReturnHeader/ReturnTs02025-05-12T19:45:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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