NEW MUSIC USA INC (EIN 130432981) - 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

1942

Legal Domicile

Principal Officer

VANESSA REED

Phone

2126456949

Tax Period

2022-07-01 to 2023-06-30

NEW MUSIC USA INC, founded in 1942, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 49% operating deficit.

Mission

SUPPORT THE SOUNDS OF TOMORROW BY NURTURING THE CREATION, PERFORMANCE, & APPRECIATION OF NEW MUSIC.

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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 $1,730,069

Program Service Revenue $0

Investment Income $334,053

Other Revenue $18,145

TOTAL REVENUE $2,082,267

Expense Breakdown

Grants Paid $1,318,800

Salaries & Benefits $1,171,856

Fundraising Expenses $314,730

Program Expenses $2,441,769

Other Expenses $614,332

TOTAL EXPENSES $3,104,988

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,082,267	$3,821,234	-0.5%
Expenses	$3,104,988	$2,890,809	+0.1%
Net Income	$-1,022,721	$930,425	-2.1%

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

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

$223,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH WALKER	CO-CHAIR	3.00	Officer Director	$0	$0	$0
REENA ESMAIL	CO-CHAIR	3.00	Officer Director	$0	$0	$0
AMY IWANO	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GAYLE MORGAN	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVEN TRESNAN	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID NUSS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERE LOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATIAS TARNOPOLSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE BENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KENDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYA MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELICA SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AJA BURRELL WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHEA ENDICOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN KORNBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WEGLEITNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA REED	PRESIDENT & CEO	50.00	Officer	$186,950	$36,307	$223,257

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	$2,082,267	$3,104,988	$19,684,498	$-1,022,721
2022	$3,821,234	$2,890,809	$19,944,581	$930,425
2021	$3,287,635	$2,354,859	$21,074,524	$932,776
2020	$3,096,172	$2,497,665	$18,519,202	$598,507
2019	$1,305,861	$2,414,564	$17,990,945	$-1,108,703

NEW MUSIC USA INC