INSTITUTE FOR MUSIC AND NEUROLOGICAL FUNCTION (EIN 133874103) - 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

1995

Legal Domicile

Principal Officer

CONCETTA M TOMAINO

Phone

9145135156

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR MUSIC AND NEUROLOGICAL FUNCTION, founded in 1995, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $511K exceeded revenue, resulting in a 268% operating deficit.

Mission

TO SOLICIT FUNDS TO PROMOTE THE THERAPEUTIC EFFECTS OF MUSIC ON NEUROLOGICAL FUNCTION.

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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 $102,119

Program Service Revenue $20,403

Investment Income $15,025

Other Revenue $1,248

TOTAL REVENUE $138,795

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,897

Other Expenses $461,159

TOTAL EXPENSES $511,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,795	$95,984	+0.4%
Expenses	$511,159	$355,056	+0.4%
Net Income	$-372,364	$-259,072	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY BALLAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS E NOBILE	VICE-CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
ULRICH ROSA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID J GENTNER	PRESIDENT/CEO	1.00	Officer Director	$0	$0	$0
CONCETTA M TOMAINO	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
JOHN ABELES	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLES ARMSTRONG	BOARD MEMBER	0.50	Director	$0	$0	$0
J'NAI BRIDGES	BOARD MEMBER	0.50	Director	$0	$0	$0
AXEL FREUDMANN	BOARD MEMBER	0.50	Director	$0	$0	$0
JUSTIN GINSBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY CIRILLO	BOARD MEMBER	0.50	Director	$0	$0	$0
MICKEY HART	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN IACHETTI	BOARD MEMBER	0.50	Director	$0	$0	$0
ERUM AZEEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
FLOYD V MYERS	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS ROBERTS	BOARD MEMBER	0.50	Director	$0	$0	$0
JAY STARK	CHAIRMAN EMERITUS	0.50	Director	$0	$0	$0
EDWIN STERN III	CHAIRMAN EMERITUS	0.50	Director	$0	$0	$0
NICK STERN	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN TWITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
MIDGE WOOLSEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH SESSA	CFO	0.50	Officer Director	$0	$0	$0
KAREN AMRHEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA DONATO	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMIE PABST	BOARD MEMBER	0.50	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	$138,795	$511,159	$251,487	$-372,364
2022	$95,984	$355,056	$305,550	$-259,072
2021	$229,065	$315,282	$309,027	$-86,217
2020	$309,675	$211,084	$298,492	$98,591
2019	$136,531	$354,599	$249,224	$-218,068
2018	$117,225	$333,728	$209,189	$-216,503

INSTITUTE FOR MUSIC AND NEUROLOGICAL FUNCTION