MUSICA VIVA INC

EIN: 133677082 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$282,194
Total Expenses
$324,875
Total Assets
$132,602
Net Assets
$95,259
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
JASNA VASIC
Phone
2127943646
Tax Period
2024-06-01 to 2025-05-31

MUSICA VIVA INC, founded in 1977, is a small nonprofit in the Human Services sector that reported $282K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $325K exceeded revenue, resulting in a 15% operating deficit.

Mission

MUSICA VIVA NY IS A CHAMBER CHOIR OF THIRTY PROFESSIONALS AND HIGHLY SKILLED VOLUNTEERS. SINCE ITS FOUNDING IN 1977, MUSICA VIVA NY HAS BEEN DRIVEN BY A DESIRE TO SHARE THE TRANSCENDENT POWER OF CHORAL AND INSTRUMENTAL MUSIC WITH AUDIENCES IN NEW YORK CITY AND BEYOND.

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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 $254,537
Program Service Revenue $21,026
Investment Income $6,631
Other Revenue $0
TOTAL REVENUE $282,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,854
Fundraising Expenses $10,173
Program Expenses $268,382
Other Expenses $235,021
TOTAL EXPENSES $324,875

Year-over-Year Comparison

2024 2023 Change
Revenue $282,194 $235,946 +0.2%
Expenses $324,875 $300,294 +0.1%
Net Income $-42,681 $-64,348 -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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
11

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
6
$64,583
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE BRANNAN PRESIDENT 1.00
Officer Director
$0 $0 $0
HEIDI DUBOIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHAWN BARTELS SECRETARY 1.00
Officer Director
$0 $0 $0
LISA O'BRIEN ESQ TREASURER 1.00
Officer Director
$0 $0 $0
CONSTANCE BEAVON DIRECTOR 1.00
Director
$0 $0 $0
SHU-WIE CHEN DIRECTOR 1.00
Director
$0 $0 $0
MELANIE NIEMEC DIRECTOR 1.00
Director
$0 $0 $0
DINAH NISSEN ESQ DIRECTOR 1.00
Director
$0 $0 $0
WINIFRED OLSEN DIRECTOR 1.00
Director
$0 $0 $0
KATE PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
DAVID ROCKEFELLER JR DIRECTOR 1.00
Director
$0 $0 $0
ANDREW TAYLOR-TROUP DIRECTOR 1.00
Director
$0 $0 $0
JASNA VASIC EXECUTIVE DIRECTOR 40.00
Officer
$35,833 $0 $35,833
ALEJANDRO HERNANDEZ-VALDEZ ARTISTIC DIRECTOR 40.00
Officer
$28,750 $0 $28,750
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 $282,194 $324,875 $132,602 $-42,681
2024 $235,946 $300,294 $143,214 $-64,348
2023 $224,878 $192,871 $203,327 $32,007
2022 $246,617 $161,390 $181,120 $85,227
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