MUSICIANS FOUNDATION INC (EIN 131790739) - 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

1914

Legal Domicile

Principal Officer

JOSEPH HERTZBERG

Phone

2122399137

Tax Period

2023-01-01 to 2023-12-31

MUSICIANS FOUNDATION INC, founded in 1914, is a small nonprofit that reported $226K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $450K exceeded revenue, resulting in a 99% operating deficit.

Mission

THE MUSICIAN'S FOUNDATION FOSTERS INTEREST AND ADVANCES THE CONDITION AND SOCIAL WELFARE OF PROFESSIONAL MUSICIANS AND PROVIDES VOLUNTARY AID AND ASSISTANCE TO THEM AND THEIR FAMILIES IN CASE OF NEED.

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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 $174,613

Program Service Revenue $5,854

Investment Income $45,097

Other Revenue $0

TOTAL REVENUE $225,564

Expense Breakdown

Grants Paid $163,603

Salaries & Benefits $189,572

Fundraising Expenses $45,602

Program Expenses $339,644

Other Expenses $96,622

TOTAL EXPENSES $449,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,564	$296,871	-0.2%
Expenses	$449,797	$474,557	-0.1%
Net Income	$-224,233	$-177,686	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GRACIA	EXECUTIVE DIRECTOR	35.00		$96,500	$0	$96,500
DR LESLIE B DUNNER	Member of Board	1.00	Director	$0	$0	$0
ANDREW T MALLOY	Member of Board	1.00	Director	$0	$0	$0
BESS FORRELL STEIGER	Secretary	1.00	Officer Director	$0	$0	$0
JOSEPH HERTZBERG	Treasurer	1.00	Officer Director	$0	$0	$0
SPENCER MYER	Member of Board	1.00	Director	$0	$0	$0
CHRISTOPHER DYESS	Member of board	1.00	Director	$0	$0	$0
MICHIYO MORIKAWA	Member of board	1.00	Director	$0	$0	$0
LANCE LINARES	Member of Board	1.00	Director	$0	$0	$0
THOMAS F PARKER	Vice President	1.00	Officer Director	$0	$0	$0
ANDREW BLOCH	Member of Board	1.00	Director	$0	$0	$0
JENNA MANULA LINARES	Member of Board	1.00	Director	$0	$0	$0
STEPHEN VANN	Member of Board	1.00	Director	$0	$0	$0
LISA MEGEASKI	President	1.00	Officer 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	No data	No data	No data	No data
2023	$225,564	$449,797	$2,459,442	$-224,233
2022	$296,871	$474,557	$2,518,406	$-177,686
2021	$595,941	$421,449	$3,378,833	$174,492

MUSICIANS FOUNDATION INC