RENOVATION IN MUSIC EDUCATION (EIN 134185513) - 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

1997

Legal Domicile

Principal Officer

Arthur Bloom

Phone

2026676111

Tax Period

2023-01-01 to 2023-12-31

RENOVATION IN MUSIC EDUCATION, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 25% operating deficit.

Mission

Renovation in Music Education, Doing Business As (DBA) MusiCorps, helps injured service members play music and recover their lives.

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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 $245,007

Program Service Revenue $0

Investment Income $17,494

Other Revenue $0

TOTAL REVENUE $262,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,406

Fundraising Expenses $22,092

Program Expenses $279,156

Other Expenses $177,556

TOTAL EXPENSES $328,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,501	$399,694	-0.3%
Expenses	$328,962	$347,102	-0.1%
Net Income	$-66,461	$52,592	-2.3%

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

$119,086

Total Directors

$119,086

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Bloom	President	40	Officer Director	$100,000	$19,086	$119,086
Hirokazu Yoshikawa	Vice President	0.20	Officer Director	$0	$0	$0
David M C Stern	Director	0.20	Director	$0	$0	$0
Edward Suh	Treasurer	0.20	Officer Director	$0	$0	$0
Micki Chen	Secretary	0.20	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	$262,501	$328,962	$586,522	$-66,461
2022	$399,694	$347,102	$644,061	$52,592
2021	$198,345	$299,707	$597,559	$-101,362
2020	$112,639	$313,407	$713,698	$-200,768
2019	$299,020	$444,360	$898,478	$-145,340
2018	$245,915	$375,853	$1,034,028	$-129,938

RENOVATION IN MUSIC EDUCATION