SOURCE MUSIC INC (EIN 133372656) - 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

1986

Legal Domicile

Principal Officer

RAPHAEL MOSTEL

Phone

2123880737

Tax Period

2022-10-01 to 2023-09-30

SOURCE MUSIC INC, founded in 1986, is a small nonprofit that reported $390K in total revenue in fiscal year 2022. Revenue surged 1402% from the prior year, signaling strong growth momentum. The organization ran a surplus of $332K, a strong 85% operating margin.

Mission

PRIMARY EXEMPT PURPOSE IS PROMOTION,PRODUCTION,AND EDUCATION ABOUT QUALITY 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 $388,000

Program Service Revenue $0

Investment Income $2,456

Other Revenue $0

TOTAL REVENUE $390,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,550

Fundraising Expenses $943

Program Expenses $56,340

Other Expenses $13,994

TOTAL EXPENSES $58,544

Year-over-Year Comparison

	2022	2021	Change
Revenue	$390,456	$26,000	+14.0%
Expenses	$58,544	$34,810	+0.7%
Net Income	$331,912	$-8,810	-38.7%

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

N/A

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

$44,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAPHAEL MOSTEL	PRESIDENT, ARTISTIC DIRECTOR	40.00	Officer	$44,550	$0	$44,550
PHILIP T SIMPSON ESQ	SECRETARY	1.00	Officer	$0	$0	$0
JEFFREY SCHEUER	MEMBER	0.00	Officer	$0	$0	$0
THOMAS FREUDENHEIM	MEMBER	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	$390,456	$58,544	$333,518	$331,912

SOURCE MUSIC INC