CLOSE ENCOUNTERS WITH MUSIC (EIN 141783014) - 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

2000

Legal Domicile

Principal Officer

HANNAH HANANI

Phone

5183924950

Tax Period

2023-07-01 to 2024-06-30

CLOSE ENCOUNTERS WITH MUSIC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO FURTHER THE PUBLIC'S ENJOYMENT AND APPRECIATION OF MUSIC BY PROVIDING THE OPPORTUNITY FOR PEOPLE TO ENCOUNTER 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 (2023)

Revenue Breakdown

Contributions & Grants $189,695

Program Service Revenue $94,958

Investment Income $0

Other Revenue $0

TOTAL REVENUE $284,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $364,688

Other Expenses $414,647

TOTAL EXPENSES $414,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,653	$374,805	-0.2%
Expenses	$414,647	$349,149	+0.2%
Net Income	$-129,994	$25,656	-6.1%

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

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIE SETLOW	PRESIDENT	10.00	Officer Director	$0	$0	$0
HANNAH HANANI	VICE PRESIDENT & SECRETARY	10.00	Officer Director	$0	$0	$0
REID WHITE	TREASURER	10.00	Officer Director	$0	$0	$0
YEHUDA HANANI	ARTISTIC DIRECTOR	10.00	Director	$100,000	$0	$100,000
JAMES ABRUZZO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD AMDUR	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN CHRISMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COHEN	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR M FORBES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GORDON	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY HOSOKAWA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HAYTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
FRED IMBERMAN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE LASSITER	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIO PINCUS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH STAHL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WISE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$284,653	$414,647	$303,162	$-129,994
2023	$374,805	$349,149	$433,156	$25,656
2022	$358,590	$298,450	$407,500	$60,140
2021	$330,880	$203,219	$347,360	$127,661
2020	$210,139	$149,146	$219,699	$60,993

CLOSE ENCOUNTERS WITH MUSIC