Building Bridges Through Music Inc (EIN 020539062) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Building Bridges Through Music Inc, founded in 2002, is a small nonprofit in the Religion sector that reported $522K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

The organization provides an after school and summer music programsfor approximately 25 elemenary school students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $521,546

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $521,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,659

Fundraising Expenses $0

Program Expenses $521,546

Other Expenses $190,887

TOTAL EXPENSES $521,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$521,546	$578,605	-0.1%
Expenses	$521,546	$578,605	-0.1%
Net Income	$0	N/A	N/A

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

N/A

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
Diana Chakotis	Director	0.00	Director	$0	$0	$0
Dawn Duncan	Director	0.00	Director	$0	$0	$0
David Murray	Director	0.00	Director	$0	$0	$0
Brenda Womack	Director	0.00	Director	$0	$0	$0
Kenneth Adinkra	Director	0.00	Director	$0	$0	$0
Doreen Murray	Clerk	60.00	Officer Director	$0	$0	$0
Florence Peacock-Makkers	President & Treasurer	20.00	Officer Director	$0	$0	$0
Doreen Murry	Clerk	0.00	Officer	$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
2023	$521,546	$521,546	$81,395	No data
2022	$421,259	$410,837	$134,674	$10,422
2021	$432,643	$351,432	$124,302	$81,211
2020	$270,323	$236,035	$41,501	$34,288
2019	$205,159	$227,376	$2,087	$-22,217

Building Bridges Through Music Inc