Millennial Music

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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

2013

Legal Domicile

Principal Officer

Brett Stewart

Tax Period

2022-07-01 to 2023-06-30

Millennial Music, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2022.

Mission

MUSIC PERFORMANCE EDUCATION THROUGH WEEKLY REHEARSALS, CULMINATING IN PERFORMANCE FOR AGES 4 THROUGH ADULT; INCLUDING EDUCATION IN SINGING TECHNIQUE, PERFORMANCE, AND APPRECIATION OF SACRED CHORAL AND CLASSICAL MUSIC FOR THE BENEFIT OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,431,990 Revenue: $2,533,938

MILLENNIAL MUSICS MISSION IS TO TEACH AND ENCOURAGE EXCELLENCE IN QUALITY SACRED AND CLASSICAL MUSIC IN AN INVALUABLE LEARNING ENVIRONMENT FOR ALL AGES; FULFILLING THE NEED FOR MORE REFINED MUSIC...

MILLENNIAL MUSICS MISSION IS TO TEACH AND ENCOURAGE EXCELLENCE IN QUALITY SACRED AND CLASSICAL MUSIC IN AN INVALUABLE LEARNING ENVIRONMENT FOR ALL AGES; FULFILLING THE NEED FOR MORE REFINED MUSIC EDUCATION AND PERFORMANCE IN OUR COMMUNITIES. SEE WWW.MILLENNIAL.ORG

Program 2

Expenses: $4,595 Revenue: $15,606

RECORDINGS OF SELECT PERFORMED PIECES MENTIONED IN PART 4A ABOVE

Program 3

Expenses: $760 Revenue: $4,150

MUSIC SALES PROGRAM: SALES OF MILLENNIAL MUSICS CHORAL DOWNLOADS/SALES & ORCHESTRA RENTALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $142,389

Program Service Revenue $2,469,154

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,611,543

Expense Breakdown

Grants Paid $57,849

Salaries & Benefits $1,444,682

Fundraising Expenses $30,587

Program Expenses $2,437,345

Other Expenses $1,277,667

TOTAL EXPENSES $2,780,198

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,611,543	$2,508,809	+0.0%
Expenses	$2,780,198	$2,599,272	+0.1%
Net Income	$-168,655	$-90,463	+0.9%

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

3100

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

$672,904

Total Directors

$330,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Stewart	Founder CEO Musical Directo	40.00	Officer	$297,459	$45,018	$342,477
Brandon Stewart	Founder CEO Musical Directo	40.00	Officer Director	$297,266	$33,161	$330,427
Cory Mendenhall	Music Director	40.00		$155,000	$34,670	$189,670
Greg Trimble	Member	0.50	Director	$0	$0	$0
Christi Worsley	Treasurer	0.50	Director	$0	$0	$0
Curtis Huffmire	Secretary	0.50	Director	$0	$0	$0
Philip Nelson	Member	0.50	Director	$0	$0	$0
Michael McQuay	Member	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,611,543	$2,780,198	$411,242	$-168,655
2022	$2,508,809	$2,599,272	$198,175	$-90,463
2018	$2,145,833	$1,784,523	$429,764	$361,310