LET MY CHILDREN HEAR MUSIC INC C/O THE CHARLES MINGUS INSTITUTE

EIN: 133459846 501(c)(3)

NEW YORK, NY

Total Revenue
$158,269
Total Expenses
$116,572
Total Assets
$161,940
Net Assets
$160,006
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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
1988
Legal Domicile
NY
Principal Officer
ROBERT UNGARO
Phone
2127665800
Tax Period
2023-01-01 to 2023-12-31

LET MY CHILDREN HEAR MUSIC INC C/O THE CHARLES MINGUS INSTITUTE, founded in 1988, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 26% operating margin.

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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 (2023)

Revenue Breakdown

Contributions & Grants $149,044
Program Service Revenue $8,065
Investment Income $1,160
Other Revenue $0
TOTAL REVENUE $158,269

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $108,127
Other Expenses $116,572
TOTAL EXPENSES $116,572

Year-over-Year Comparison

2023 2022 Change
Revenue $158,269 $133,697 +0.2%
Expenses $116,572 $17,632 +5.6%
Net Income $41,697 $116,065 -0.6%
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

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Governance

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

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT UNGERO PRESIDENT 5.00
Officer
$0 $0 $0
RACHID KENT TREASURER 1.00
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
2024 No data No data No data No data
2023 $158,269 $116,572 $161,940 $41,697
2022 $133,697 $17,632 $120,175 $116,065
2021 $34,611 $32,027 $4,110 $2,584
2020 $17,953 $30,315 $1,526 $-12,362
2019 $24,350 $33,355 $12,887 $-9,005
2018 $56,250 $44,536 $21,892 $11,714
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