MELODY OF DRAGON INC

EIN: 113488016 501(c)(3) Arts, Culture & Humanities

Fresh Meadows, NY

Total Revenue
$102,369
Total Expenses
$32,216
Total Assets
$687,604
Net Assets
$685,906
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
Tao Chen
Phone
3472599252
Tax Period
2024-03-01 to 2025-02-28

MELODY OF DRAGON INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $70K, a strong 69% operating margin.

Mission

The Corporation, Melody of Dragon, was formed for the purposes of providing cultural exchange and advancing public interest in and understanding of Chinese culture through performances and music lessons using traditional Chinese musical instruments.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,440
Program Service Revenue $72,380
Investment Income $28,549
Other Revenue $0
TOTAL REVENUE $102,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,623
Other Expenses $32,216
TOTAL EXPENSES $32,216

Year-over-Year Comparison

2024 2023 Change
Revenue $102,369 $170,440 -0.4%
Expenses $32,216 $31,010 +0.0%
Net Income $70,153 $139,430 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tao Chen Director 30
Director
$0 $0 $0
Li Liu Bookkeeper 10
$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 $102,369 $32,216 $687,604 $70,153
2024 $170,440 $31,010 $618,815 $139,430
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