BUILDING BRIDGES THROUGH MUSIC INC

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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

Principal Officer

Doreen Murray

Phone

7814798327

Tax Period

2024-01-01 to 2024-12-31

BUILDING BRIDGES THROUGH MUSIC INC, founded in 2002, is a small nonprofit in the Religion sector that reported $531K in total revenue in fiscal year 2024.

Mission

The organization provides an after school and summer music programs for approximately 50 elementary and middle school students.

Program Service Accomplishments

Program 1

Expenses: $530,831 Revenue: $530,831

The organization provides an after school and summer music programs for approximately 50 elementary and middle school students. This program service is synonymous with its primary exempt purpose.

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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 (2024)

Revenue Breakdown

Contributions & Grants $292,410

Program Service Revenue $238,421

Investment Income $0

Other Revenue $0

TOTAL REVENUE $530,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,024

Fundraising Expenses $0

Program Expenses $530,831

Other Expenses $137,807

TOTAL EXPENSES $530,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,831	$521,546	+0.0%
Expenses	$530,831	$521,546	+0.0%
Net Income	$0	$0	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	Director	$0	$0	$0
Dawn Duncan	Director	0	Director	$0	$0	$0
David Murray	Director	0	Director	$0	$0	$0
Brenda Womack	Director	0	Director	$0	$0	$0
Doreen Murray	Clerk	20	Officer Director	$0	$0	$0
Florence Peacock-Makkers	President	10	Officer Director	$0	$0	$0
Rev Andre Bennett	Director	0	Director	$0	$0	$0
Attorney Quentin Huff	Director	0	Director	$0	$0	$0
Greg Giacopelli	Director	0	Director	$0	$0	$0
Sandra Bispham Parkin	Director	0	Director	$0	$0	$0
Angela Owens	Treasurer	5	Officer Director	$0	$0	$0
Rolanda Flemming	Director	0	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
2024	$530,831	$530,831	$81,395	No data
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